ANTD.VN - The Government proposed that in order to achieve the 2025 growth target of 8% or more, if necessary, the budget deficit can be adjusted; public debt and foreign debt can reach or exceed the warning threshold...
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Minister of Planning and Investment Nguyen Chi Dung presents a report to the National Assembly. |
On the morning of February 12, at the 9th Extraordinary Session of the 15th National Assembly, authorized by the Prime Minister, Minister of Planning and Investment Nguyen Chi Dung presented a report on the Supplementary Project on socio -economic development in 2025 with a growth target of 8% or more.
Accordingly, the Government proposed adjusting the growth target for 2025 to 8% or more - higher than the Central target, the National Assembly has resolved to be 6.5-7%, striving for 7-7.5%.
Minister Nguyen Chi Dung emphasized that 2025 is of special importance, being the final year of implementing the 5-year Socio-Economic Development Plan 2021-2025, the year of acceleration, breakthrough, and reaching the finish line.
Therefore, the country's GDP growth in 2025 needs to reach 8% or more, contributing to creating a solid foundation to achieve double-digit growth rates for a long enough period (starting from 2026).
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Hanoi National Assembly Delegation at the opening session of the 9th extraordinary meeting on the morning of February 12 |
The growth scenario set by the Government is that the industrial and construction sector will grow by about 9.5% or more (of which the processing and manufacturing industry will increase by 9.7% or more; services will increase by 8.1% or more; agriculture, forestry and fishery will increase by 3.9% or more). Economic sectors will grow by about 0.7-1.3% higher than in 2024.
GDP scale in 2025 is about over 500 billion USD, GDP per capita is about over 5,000 USD. The average consumer price index (CPI) growth rate is about 4.5-5%...
To achieve a growth scenario of 8% or more, the Government requires promoting the leading role of growth of dynamic regions, economic corridors and growth poles. In particular, the GRDP growth of localities in 2025 must be at least 8-10%, especially Hanoi and Ho Chi Minh City.
Potential localities and large cities that are locomotives and growth poles need to strive for a growth rate higher than the national average; have appropriate incentive mechanisms for localities with high growth, with central regulation.
"If necessary, the state budget deficit should be adjusted to about 4-4.5% of GDP to mobilize resources for development investment; public debt, government debt, and foreign debt may reach or exceed the warning threshold of about 5% of GDP" - the Government's proposal proposed.
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Chairman of the National Assembly's Economic Committee Vu Hong Thanh presented the inspection report. |
Presenting the report examining this content, Chairman of the National Assembly's Economic Committee Vu Hong Thanh said that the Economic Committee basically agrees with the goals, requirements, and economic growth scenarios in the Government's submission.
However, the auditing agency also stated that the production and business situation in early 2025 has not improved much. Therefore, it is necessary to focus on analyzing and evaluating the implementation conditions to ensure the feasibility of the Project, especially focusing on solutions to ensure national financial security and public debt safety.
Regarding the proposal to adjust the targets on deficit spending and public debt, the Economic Committee said that this proposal is necessary to mobilize resources for development investment.
However, it is recommended to clarify the plan for using the additional deficit and public debt in case of adjustment; at the same time, effectively use resources, strictly implement the provisions of the law on state budget and the law on public debt management; resolutely manage to ensure deficit and public debt.
Source: https://www.anninhthudo.vn/dieu-chinh-tang-truong-nam-2025-tu-8-gdp-tren-500-ty-usd-thu-nhap-binh-quan-hon-5000-usd-post603250.antd
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