On February 28, information from the Central Party Office said that General Secretary To Lam had just had a meeting with the Central Policy and Strategy Committee.
Accordingly, on the afternoon of February 24, 2025, General Secretary To Lam chaired a working session with the Central Committee for Policy and Strategy on the growth target set for 2025 at 8% or more, creating a solid foundation for double-digit growth in the following years and orienting asset and digital currency management in Vietnam.
After listening to the report of the Central Policy and Strategy Committee and the comments of the delegates attending the meeting, General Secretary To Lam concluded as follows:
1. Acknowledging and appreciating the Central Committee for Policy and Strategy has researched, reported and proposed a number of principles, requirements, orientations and major solutions to achieve the economic growth target of 8% or more in 2025 and at "2 digits" in the next period; basically agreed with the 10 strategic solutions proposed in the Report.
2. In the coming time, both in the short term and in the long term, the first and consistent requirement is to mobilize all economic sectors, all businesses and people to participate in socio-economic development, actively work in production, create material wealth to contribute to the growth and development of the country. All institutions, mechanisms and policies must aim for and achieve this requirement.
3. To promote rapid and sustainable economic growth, it is necessary to focus on reforming and promoting both supply and demand in a way that is consistent with the reality and nature and level of the Vietnamese economy. In particular, promoting supply factors will ensure long-term growth requirements, with fewer consequences but with higher delays; promoting demand factors will be faster but with more risks.
- On the supply side, it is necessary to continue to focus on strong institutional reform, improving the investment and business environment, strengthening the confidence of businesses and people to strive to reduce at least 30% of administrative procedure processing time in 2025; reduce at least 30% of business costs, especially in the customs sector, compliance costs, informal costs... Abolish at least 30% of unnecessary business conditions. Strive to have Vietnam's investment environment in the top 3 countries in ASEAN within the next 2-3 years.
Research and apply a specialized legal framework to help Vietnam's legal system keep up with the development speed of the digital economy, innovation and international integration, especially financial technology, artificial intelligence (AI), platform economy, e-commerce and special economic zones; propose a controlled legal framework for new technology industries; propose a separate legal framework for special economic zones and special technology zones (such as special preferential tax mechanisms, special mechanisms in resolving commercial disputes in special zones...).
For land policies and the real estate market, it is necessary to unblock, promote transactions and attract investment capital to the market; promote urban areas to become the growth driver of the country on the basis of perfecting a high-quality and synchronous infrastructure system; build a national digital map system on land planning and prices; research and establish a "National Housing Fund" to develop affordable housing in large cities.
Apply open financial policies to international financial center models; effectively take advantage of foreign indirect investment; research and form a "Tax-free Port" model to turn Vietnam into a major logistics center, develop a "National One-Stop Gateway to Investment" to increase the attraction of foreign investors to Vietnam; promote the development of science - technology and innovation; thoroughly handle air pollution in Hanoi and Ho Chi Minh City and major cities.
Implement policies to attract talent to work in agencies, units, and state-owned enterprises and special policies for cadres and civil servants with good achievements in work; at the same time, there is a mechanism to remove from the apparatus those who do not have enough capacity and qualities. Specifically, the policy of encouraging and protecting cadres who dare to think and dare to do. Continue to improve the state apparatus organization system, have mechanisms and strengthen decentralization and delegation of authority to localities. In addition, it is necessary to pay attention to perfecting policies to respond to population aging.
- On the demand side, focus on promoting the Government's investment in the strategic and foundational infrastructure system of the country, both in terms of quantity, quality and synchronization; promote private investment through creating a favorable, transparent, safe, low-cost investment environment, easy access to credit capital.
Promoting domestic consumption, only when domestic consumption is promoted can it help create sustainable GDP growth; increase net exports. Promote the export of agricultural, forestry and fishery products processed on the basis of agricultural economic development instead of pure agricultural production; industrialize agriculture; adjustment of levying policies to facilitate land accumulation; encourage piloting new forms of cooperation in agriculture. Implementing an expanded fiscal policy; flexible monetary policy, cautiously loosening currencies...
4. Regarding the issue of digital currency management: Agreeing with the proposal of the Central Committee for Policy and Strategy on the need to soon manage this currency as a virtual asset to avoid negative impacts on the economy and social problems, while helping to contribute value to the country's economy. The National Assembly and Government agencies need to soon institutionalize and concretize to manage this field. Research on applying a controlled pilot mechanism (sandbox) to establish a "Trade Office" for this activity.
