After more than 4 years of implementing the Resolution of the 13th National Party Congress, with many difficulties and challenges, the country's economy has achieved important results... creating a premise for higher growth in the next period.
Despite facing more difficulties than advantages, in 2024, our country completed all 15/15 main targets, of which 12 targets exceeded the set target, which is a solid foundation to achieve the growth target of 8% or more in 2025.
The scale of the economy is expanding, the average income per capita GDP/person and national income GNI/person have increased continuously over the past many years, approaching the level of the group of upper middle-income countries. In 2022 (the recovery period after the COVID-19 pandemic), Vietnam's economic scale exceeded 410 billion USD, the average per capita reached over 4,000 USD; in 2024 it reached 476.3 billion USD, the average per capita reached over 4,700 USD.
The economic structure and labor structure are shifting positively towards industrialization and modernization. According to the General Statistics Office, in 2024, the proportion of output value of the industrial and construction sector in GDP will account for 37.64%; the service sector will account for 42.36%; the agriculture, forestry and fishery sector will account for 11.86%...
In 2024, the labor productivity of the entire economy at current prices will reach VND 221.9 million/worker (equivalent to USD 9,182/worker, an increase of USD 726 compared to 2023); at comparable prices, labor productivity will increase by 5.88% due to improved qualifications of workers (the rate of trained workers with degrees and certificates in 2024 is estimated at 28.3%, 1.1 percentage points higher than in 2023).
Vietnam's processing and manufacturing industry has developed relatively dynamically, contributing positively to improving industrial competitiveness. According to statistics in 2024, the processing and manufacturing industry contributed 24.43% to GDP.
However, after four years of implementing the target, some limitations in growth quality and economic restructuring have been revealed: 1- Economic growth, although quite high compared to the world's general growth rate, reaching an average of 5.2% for the entire period of 2021 - 2024, is still much lower than expected (the 2021 - 2025 plan sets a target of 6.5 - 7%); 2- Economic restructuring is still slow and accordingly, the shift in labor structure towards reducing the proportion of labor in agriculture may not achieve the target if there is a lack of effective solutions; 3- Growth in the manufacturing and processing industry is still low, reaching 9.83% in 2024, the average of the whole industry is 8.32% compared to 2023. Service industries only achieved an overall growth rate of about 7.38%.
The Prime Minister issued Directive No. 05/CT-TTg on key tasks and solutions to promote economic growth and accelerate public investment disbursement, ensuring the national growth target of 8% or more in 2025, clearly stating 7 guiding and operating viewpoints. To ensure growth of 8% or more in 2025 and double digits in the following years, it is necessary to focus on implementing a number of solutions:
Firstly, focus on drastically, synchronously and effectively implementing new and breakthrough guidelines and viewpoints of the Central Committee, the Politburo, the National Assembly and the Government, immediately removing and liberating resources of the economy , such as innovating the Party's leadership and governance methods; streamlining the organization of the political system to ensure effective, efficient and effective operations to serve the people and businesses; effectively implementing Resolution No. 57-NQ/TW, dated December 22, 2024 of the Politburo, "On breakthroughs in science and technology development, innovation and national digital transformation", promoting the development of the digital economy, digital society...; State-owned enterprises (SOEs) must take the lead in accelerating and making breakthroughs in growth in the spirit of Directive No. 09/CT-TTg, dated March 21, 2025, of the Prime Minister, "On the tasks and solutions of state-owned enterprises to contribute to double-digit economic growth, rapid and sustainable national development", contributing to ensuring that the state economy plays a leading role; urgently research, develop and submit to competent authorities to issue a Resolution on mechanisms and policies for breakthrough development of the private economic sector, identifying the view that the private economy must be the most important driving force for growth, increasing labor productivity and competitiveness of the economy...
Resolutely implement measures to soon stabilize the organization and apparatus of the political system and put it into operation, ensuring efficiency, effectiveness and efficiency . The arrangement of the political system and the 2-level government apparatus is a revolution, which has been and is being vigorously implemented. Besides the great benefits of the arrangement and reorganization of the organization and apparatus, it is necessary to anticipate that in the short term, it will greatly affect the activities of the whole society, increase social costs in production and business, slow down the operation of the economy and thereby tend to slow down the growth rate of the economy...
Second, prioritize time, intelligence, and resources to focus on perfecting institutions, mechanisms, and policies to overcome the "bottleneck of bottlenecks" which is the country's development institutions.
Focus on reviewing, amending and perfecting regulations that are no longer suitable, overlapping or incomplete in the direction of resolving any problems, and proactively handling and implementing them at any level according to their authority or proposing to competent authorities to amend and perfect them; promote decentralization and delegation of authority in conjunction with strengthening inspection, supervision and improving the implementation capacity of cadres, civil servants and public employees; institutions, mechanisms and policies must aim to mobilize all economic sectors for national development.
Urgently study and amend and ensure the progress of amending and promulgating laws on: Enterprises; Investment; Investment under the form of public-private partnership; Bidding; Management and use of state capital invested in production and business; Science, Technology and Innovation; Atomic energy, etc.
Focus on reviewing and cutting down administrative procedures to reduce hassles and save costs for people and businesses; improve the investment and business environment, create favorable conditions for quickly resolving investment procedures, and encourage investment from all economic sectors. Strive to reduce at least 30% of administrative procedure processing time by 2025; reduce at least 30% of business costs; abolish at least 30% of unnecessary business conditions; all procedures related to businesses must be carried out online, smoothly, seamlessly and effectively, ensuring transparency, minimizing paperwork; 100% of administrative procedures are carried out regardless of administrative boundaries within the province.
Further promote the role and effectiveness of the steering committee in reviewing and removing difficulties and obstacles related to projects; promptly and effectively implement the National Assembly's resolution on specific mechanisms and policies to remove difficulties and obstacles for projects and land in the inspection and examination conclusions...
Review and remove difficulties and obstacles to hand over, promptly put into operation and commercially exploit projects that have been and are being implemented, and projects that are behind schedule to free up resources, contribute to economic growth, and avoid loss and waste.
Continue to replicate the model of working groups working with each large global technology enterprise and strategic investor, proactively and promptly reporting to competent authorities on preferential, superior, and internationally competitive mechanisms and policies to attract large-scale, high-tech FDI projects that are capable of leading domestic enterprises to participate in regional and global value chains. Develop a "National Investment One-Stop Portal" to increase the attraction of foreign investors to Vietnam.
Research and apply a specialized legal framework to help the Vietnamese legal system catch up with the development speed of the digital economy, innovation and international integration, especially financial technology, artificial intelligence, platform economy, e-commerce, and special economic zones; propose a controlled testing legal framework for new technology industries.
Continue to support businesses in implementing pilot and specific mechanisms and policies, new and breakthrough regulations, and “green channel” mechanisms for investment projects in industrial parks and economic zones in the high-tech sector; classify green projects and green criteria to serve as a basis for mobilizing capital for green development.
Urgently research and develop mechanisms and policies to encourage investment, expand production capacity of raw materials and participate in North-South high-speed railway projects, urban railways, international railways, renewable energy projects, offshore wind power, etc. and guide, support and create maximum convenience for people and businesses in implementation.
Expand the scope, subjects, and areas of application of a number of pilot and specific mechanisms and policies that have been approved by the National Assembly to be applied in localities and have proven effective; conduct a comprehensive review of investment and business conditions, practice conditions, administrative procedures, and compliance costs of enterprises; review, supplement, and resolutely implement Resolution No. 02/NQ-CP of the Government on improving the business environment, ensuring clear goals, clear people, clear work, clear time, and clear results; continue to resolutely implement solutions for synchronous development of the financial market and capital market, especially solutions on safe, effective, sustainable, public, transparent issuance of corporate bonds, effectively supporting enterprises in mobilizing medium- and long-term capital for production and business development. By 2025, strive to complete the goal of upgrading the stock market.
In addition, build a legal framework to manage and promote the healthy and effective development of digital assets and digital currencies. Actively, flexibly, promptly and effectively operate monetary policy, closely coordinate and harmonize with a reasonable, focused and key expansionary fiscal policy and other macroeconomic policies; in which, focus on more effectively implementing tasks and solutions on managing interest rates, exchange rates, credit growth, operating the open market, interbank market, refinancing, money supply, issuing credit notes, etc.; put money out and withdraw money in a rhythmic, synchronous and reasonable manner to create cheap capital sources with low interest rates for people and businesses to develop production and business, promote economic growth associated with macroeconomic stability, control inflation, ensure major balances of the economy, safety of banking operations and the system of credit institutions; Implement more drastic and effective solutions to reduce lending interest rates, create conditions for people and businesses to access loans at reasonable costs, cheap capital prices to restore and develop production and business, promote economic growth; manage credit growth in line with economic growth targets, monitor and control inflation (4.5 - 5%); encourage credit institutions to direct credit to production and business sectors, priority sectors, economic growth drivers, credit for key projects and works, and agricultural exports; strictly control credit for potentially risky sectors; enhance the effectiveness of inspection, examination, control and close supervision of the operations of credit institutions; promptly and strictly handle violations in accordance with the law, especially credit institutions that compete unfairly and improperly with interest rates (both deposit and lending interest rates); Do not let commercial banks freely increase interest rates without direction, compete unfairly and unequally; review and classify subjects to reduce procedures and conditions for lending in order to push credit capital faster, more promptly and more effectively for projects and sectors that create momentum for growth, especially green growth; at the same time, ensure the safety and rationality of banking activities; study to increase the scale of the lending program for the forestry and fishery sector to about 100 trillion VND and expand the scope of the program for the agriculture, forestry and fishery sector; continue to study and implement preferential credit packages to promote economic growth drivers and provide loans for young people under 35 years old to buy houses.
Effectively organize the activities of the Steering Committee to review and organize the handling of problems in the legal system; effectively implement the Project "Application of digital technology in receiving and handling feedback and recommendations on legal documents", focusing on building and coordinating with ministries, branches and localities to operate the "Information system for receiving and handling feedback and recommendations on legal documents" to promptly detect, research, propose amendments and improvements to policies and legal regulations, remove barriers and institutional problems to ensure the goal of creating and promoting development.
Third, promote disbursement of public investment capital, take public investment as the leader, activate and attract all social resources.
Urgently complete the allocation of the entire state budget investment plan for 2025, ensuring focus, key points, not spreading out, in line with implementation capacity and in compliance with legal regulations on public investment; ensure estimates for disbursement for projects; in case of failure to complete the allocation, the Government will recover the unallocated central budget capital to allocate to other projects in need of capital to accelerate the completion progress, and at the same time direct the inspection to clarify individual and collective responsibilities for handling according to Party regulations and State laws.
Promote disbursement of public investment capital, strive for the disbursement rate of public investment capital in 2025 to reach at least 95% of the plan, in the spirit of taking public investment as the leading factor, activating and attracting all social resources; determined to complete the goal of having at least 3,000km of expressways and over 1,000km of coastal roads by the end of 2025...
Resolutely carry out site clearance work, promote the construction progress of key projects and works, and accelerate the implementation of national target programs. Pay attention to promoting progress, completely removing difficulties in supplying construction materials, speeding up investment preparation, investment decisions, and contractor selection for key national projects and works, and construction investment projects in the area.
Develop a disbursement plan for each project; require investors to report the disbursement progress of each project on a monthly and quarterly basis, comply with the disbursement plan on a monthly and quarterly basis; assign leaders to be responsible for each project, strictly control the scale, progress and efficiency of investment; make disbursement results a criterion for assessing the level of task completion for review, reward and strict and timely disciplinary action; review and promptly transfer capital plans of slow-disbursement projects to supplement other projects with good disbursement capacity and in need of speeding up progress according to regulations, especially important and urgent projects, strategic infrastructure projects and regional and national connectivity projects.
Strengthen discipline and order in disbursing public investment capital; impose sanctions and strictly handle according to law organizations and individuals who intentionally cause difficulties, obstruct, and delay the progress of capital allocation, implementation, and disbursement of public investment capital; resolutely handle negative and corrupt behaviors in public investment management; promptly replace individuals who are weak in capacity, afraid of mistakes, afraid of responsibility, shirking responsibility, and evading when performing public duties.
Strengthening on-site inspection and supervision, urging contractors and consultants to speed up progress. Accelerating the disbursement of public investment capital must be associated with ensuring the quality of works and projects, avoiding negativity, loss, waste, and group interests.
Improve the quality of investment preparation for projects for the 2026 - 2030 period, especially strategic infrastructure projects, the North - South high-speed railway, international railway connections, urban railways, international transit seaports, etc. Ensure that the total number of central budget projects for the 2026 - 2030 period does not exceed 3,000 projects nationwide. In addition, strengthen the management of state budget revenue; thoroughly save 10% of regular expenditures to focus on development investment.
Fourth, promote private investment and attract FDI.
Promote investment promotion activities; continue to replicate the mechanism of Working Groups working with each strategic investor to attract large-scale, high-tech FDI projects.
Effectively implement Decree No. 182/2024/ND-CP, dated December 31, 2024, regulating the establishment, management and use of the Investment Support Fund, contributing to stabilizing the investment environment, encouraging and attracting strategic investors, multinational corporations and supporting domestic enterprises in a number of high-tech and emerging fields such as artificial intelligence, digital transformation, green transformation, circulation, etc.
Speed up the progress of revising, adjusting and effectively implementing the Plan and the plan to implement the 8th Power Plan; promptly remove difficulties and obstacles, ensuring the progress of putting into operation large power source projects and important power grids.
Fifth, effectively exploit the domestic market, develop e-commerce and attract tourists.
On the demand side of the economy: Implement stimulus solutions through increased government spending, promote and further expand the market for goods and services (including both import-export and domestic markets). Promote public investment disbursement, effectively implement government development investment projects, thereby increasing demand for goods and services from the government.
In addition, promote social consumption through market and credit solutions in social consumption. Develop tax and credit mechanisms and policies to support increased purchasing power, stimulate domestic consumption and tourism; deploy synchronous solutions to exploit domestic consumption and tourism trends during holidays and Tet. Implement policies on tax exemption, reduction, extension, fee, land rent, etc. to support people and businesses, promote production, business, tourism and domestic consumption activities.
On the supply side of the economy: Unblock and increase social investment capital in production and business activities, quickly resolve barriers in the process of entering the production and business market, reduce interest rates, increase access and mobilize capital for production and business activities... Implement solutions to reduce production and business costs by accelerating the completion of infrastructure projects, especially connection infrastructure and digital infrastructure.
At the same time, build market confidence by improving the effectiveness of administrative reforms, adjusting financial policies (tax exemptions and reductions), ensuring safety and security in economic activities, especially security in the fields of finance, credit and investment. Strongly promote trade, import, export and tourism activities. Trade and tourism activities belong to the group of activities with fast impacts, responding quickly to policy impacts. Promoting these activities will promote high growth in the short term.
Strengthening the connection between supply and demand, promoting domestic market trade; promoting the distribution of goods via digital platforms associated with strengthening supervision and handling of violations on e-commerce platforms; developing consumption models combined with experiences such as digital shopping centers, combining trade - culture - tourism, etc.
Promote connections between domestic manufacturers and modern distribution channels to expand domestic product consumption nationwide; support businesses in developing smart logistics systems, combining modern warehouses, artificial intelligence, and big data technology to optimize transportation and reduce distribution costs; research and implement the formation of a "Duty Free Port" model to turn Vietnam into a major logistics center.
In addition, ensure energy security, avoid shortages and interruptions in the supply of gasoline and oil for the domestic market in all situations. Promote tourism promotion; improve the quality of tourism products; organize cultural, artistic and sports programs to create highlights to attract tourists. Effectively implement the national target program on cultural development for the period 2025 - 2035; develop and implement a plan for the development of cultural industries.
Sixth, effectively exploit foreign markets and promote sustainable exports.
Support businesses to effectively utilize commitments in 17 signed FTAs; promote negotiations and sign FTAs with Middle Eastern countries, Switzerland, Norway, Finland, India, Brazil, etc.; enhance exploitation of new and potential markets, including the Middle East, Halal, Latin American, and African markets.
Providing information and supporting businesses to meet new standards of export markets; updating and evaluating Vietnam's export situation to give early warning to businesses about products that are likely to be investigated by foreign countries; supporting businesses in anti-dumping lawsuits.
At the same time, strengthen inspection and control of goods origin and proactively and actively discuss with partners about Vietnam's goods origin management policy. Strengthen management of cross-border e-commerce activities; promote service exports, especially finance - banking, develop logistics, expand air and sea transport; strengthen international integration in services and sign digital economic agreements. Create conditions for enterprises and economic entities operating in the agricultural sector to access capital sources, apply high technology to production and processing of agricultural products to improve productivity, enhance quality and product value, create favorable conditions to expand markets, and promote exports.
Seventh, strongly promote new growth drivers, breakthroughs in science and technology development, innovation, digital transformation, and high-quality human resources.
Proactively develop specific programs and plans and organize the drastic, synchronous, timely and effective implementation of Resolution No. 57-NQ/TW, dated December 22, 2024, of the Politburo, "On breakthroughs in science, technology, innovation and national digital transformation"; Resolution No. 03/NQ-CP, dated January 9, 2025, of the Government, on "Action program to implement Resolution No. 57-NQ/TW"; Resolution No. 193/2025/QH15, dated February 19, 2025, of the National Assembly, "On piloting a number of special mechanisms and policies to create breakthroughs in science, technology, innovation and national digital transformation".
Promote comprehensive and extensive national digital transformation in all sectors and fields, creating new momentum for economic growth based on science, technology, data, digital technology and innovation; develop a widespread digital economy, ensure network security and safety. Continue to effectively implement Decision No. 06/QD-TTg dated January 6, 2022, the Prime Minister, approving the Project "Developing applications of data on population, identification and electronic authentication to serve national digital transformation in the period 2022 - 2025, with a vision to 2030" (referred to as Project 06); accelerate data sharing, especially data on population, justice, education, banking, tax, insurance, enterprises, land, and vehicles.
Promote green transformation, develop circular economy, creative economy, sharing economy, emerging industries and fields such as artificial intelligence, big data, cloud computing, new energy, biomedicine, cultural industry, entertainment industry, etc., promote new business models, focusing on a number of wholesale, retail, processing and manufacturing industries, tourism, and logistics.
Focus on implementing the National Assembly's Resolution on new pilot policies, breakthroughs in investment, finance, bidding and control tests; encourage and promote the effectiveness of scientific and technological funds, venture capital funds, start -up, innovation; Applying the model of "Public Investment - Private Management", "Investment Investment - Public Use", "Public Leaders - Private Management"; ensure the initiative and creativity of scientists. At the same time, focusing on effectively implementing the plannings and plans for implementation of the issued planning; Develop economic corridors, industrial - urban - service belt associated with new centers, such as Long Thanh Airport, International Financial Center; Proactively propose solutions to develop semiconductor and chips ...
In addition, urgently researching and developing mechanisms and policies to encourage and attract good experts in the country and Vietnamese overseas and foreigners with high qualifications to participate in scientific and technological development, innovative innovation in Vietnam. Promote 5G commercialization; 6G technology research; Developing telecommunications satellites and upgrading national telecommunications shaft infrastructure. Promote investment and develop high -speed broadband infrastructure. Research and propose mechanisms and policies to promote the formation of digital technology enterprises.
Urgently implement projects on international financial centers in Ho Chi Minh City and regional financial centers in Da Nang; Complete the draft resolution of the National Assembly on the International and Regional Financial Center in Vietnam to submit to the National Assembly at the meeting in May 2025.
Researching and developing specific policies to develop great potential economic zones such as Van Don, Van Phong, free trade areas, border economic zones and regions according to the resolutions of the Politburo; Completing legal resolutions and procedures in 2025.
Urgently develop specific mechanisms and policies to immediately implement the semiconductor's human resource development program in 2030, orientation to 2050 and ensure resources to implement the program. Urgently promulgate and organize the effective implementation of strategies that have been issued on research, application, exploitation of marine spaces, underground space, space space.
Focus on implementing synchronously and effectively solutions and policies to encourage and promote high quality human resource training for priority and emerging fields and fields; Researching and developing policies to support investment in resources, ordering and assigning training tasks for high -quality human resource training institutions.
Have policies to attract talents to work in agencies, units and special policies for cadres and civil servants who achieve excellent achievements at work; At the same time, there is a mechanism to remove from the apparatus of those who are incompetent and qualified; More concretizing the policy of encouraging and protecting officials who dare to think, dare to do, dare to innovate creativity, and dare to break through for the common benefit.
Implement solutions to synchronously develop cultural, well implement social security policies, sustainable poverty reduction; Environmental protection, proactive disaster prevention and control, climate change response, drastically implementing commitments at COP26, political stability, consolidation, strengthening national defense and security; Doing well the policy communication, continuing to promote external activities, international and effective international integration.
Time pressure is huge. The goal of two -digit growth (over 10%) is set out for "by 2030 Vietnam to be developing, with modern industry, high average income" set by the 13th National Party Congress with many specific goals can be achieved. But in general, this goal is generally very challenging, it is necessary to make remarkable efforts, with the direction, closeness and drastic administration of the Government and the involvement of the whole society, the political system and especially of the government apparatus at all levels to take specific and practical actions to create a strong change in the economic restructuring, to implement the industrialization and modernization.
Source: https://tapchicongsan.org.vn/web/guest/kinh-te/-/2018/1081702/cac-giai-phap-trong-tam%2c-dot-pha-bao-dam-thuc-hien-thang-loi-muc-tieu-tang-truong-8 Koro-len-trong-nam-nva-hai-nnai-nam -nam-tiep-thiee-thee-thiee-thiee.aspxe.lippmxe.aspxe
![[Photo] Ho Chi Minh City holds funeral for former President Tran Duc Luong](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/24/9c1858ebd3d04170b6cef2e6bcb2019e)
![[Photo] Party and State leaders visit former President Tran Duc Luong](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/24/960db9b19102400e8df68d5a6caadcf6)
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