Urgent need to promote new growth drivers

This was emphasized a lot in the discussion on the socio -economic situation, in the question and answer session at the National Assembly last weekend. And that is something worth noting.

It is also necessary to reiterate that the assertions from the National Assembly deputies, as well as from the Minister of Finance Nguyen Van Thang, and from the Permanent Deputy Prime Minister Nguyen Hoa Binh all emphasized that the economy is continuing its positive trend, with many macroeconomic indicators and targets better than the same period last year. Even the early estimates of GDP growth in the second quarter and the first 6 months of the year, as informed by Deputy Prime Minister Nguyen Hoa Binh, are quite positive, with GDP growth in the second quarter possibly reaching about 7.6%; the first 6 months of the year reaching about 7.3%.

This is one of the highest growth rates in the region and the world , and it is certainly a remarkable result in the context of general difficulties in the global economy.

But clearly, compared to the proposed scenario, a lot of effort is needed. At the end of the first quarter of 2025, when updating the growth scenario for 2025, the Ministry of Finance said that GDP growth in the second quarter must reach over 8%. If the above estimates are correct, it means that the pressure to complete this year's growth target will continue to be placed on the third and fourth quarters, with the growth rate of these two quarters certainly having to be over 8%. Deputy Prime Minister Nguyen Hoa Binh also mentioned the phrase "very big challenge" when answering questions from National Assembly deputies about the possibility of achieving the growth target of over 8% this year.

To promote growth, many groups of solutions have been and will continue to be implemented, including continuing to "renew" traditional driving forces and promoting new growth drivers.

With traditional motivations, solutions have been proposed and efforts have been made for a long time, including promoting disbursement of public investment capital, with the new goal of achieving 100% of the plan assigned by the Prime Minister; developing the domestic market, promoting consumption and increasing exports.

In the current context, as Minister of Finance Nguyen Van Thang has repeatedly affirmed, production and business are still facing many difficulties, traditional growth drivers have not met expectations, so it is urgent to quickly promote new drivers. This is necessary, but in reality, new growth drivers are still in the early stages and need time to be effective.

Being in the early stages, now, in response to the demands and requirements of rapid economic growth, it needs to be accelerated and strengthened. From promoting investment attraction in new fields such as semiconductors, AI... to promoting the development of digital economy, circular economy, green economy... The "Four Pillars" have been established, it is time to promote efficiency.

Not only the private economy, but also the state economy and the state-owned enterprise sector need to be promoted. A new resolution on the development of state-owned enterprises is also being proposed. And not only a proposal, after the meeting on the Project to summarize the implementation of the Resolution of the 5th Central Committee, Session XII on state-owned enterprises (Resolution No. 12-NQ/TW), last weekend, the Ministry of Finance began to discuss this content.

Details have not been mentioned, but it is clear that such rapid and drastic moves are being attempted, all for the development of the economy. This drastic action will certainly contribute significantly to bringing into play both traditional and new growth drivers, especially new growth drivers, effectively. That is necessary to bring the economy to rapid and sustainable growth not only in 2025, but also in the next period.

Source: https://baodautu.vn/cap-thiet-thuc-day-dong-luc-tang-truong-moi-d310089.html