(MPI) – At the regular Government Press Conference in December 2024 held on the afternoon of January 8, 2025, Deputy Minister of Planning and Investment Nguyen Duc Tam answered questions of interest to journalists regarding the growth target and socio-economic development prospects in 2025; emphasizing that the Ministry of Planning and Investment determined that in 2025 it would continue to innovate and improve institutional work. This is one of the driving forces helping growth achieve high results.
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| Deputy Minister Nguyen Duc Tam speaks. Photo: Chinhphu.vn |
Deputy Minister Nguyen Duc Tam said that the Government has submitted to the National Assembly and the National Assembly has approved Resolution No. 158/2024/QH15 regarding the economic growth rate in 2025. The growth target is expected to be 6.5-7%, striving to achieve a growth rate of 7-7.5%. In the context of the current new situation, following the direction of the Party and State leaders as well as the drastic direction of the Government and the Prime Minister, since the end of December 2024, the Prime Minister has issued Official Dispatch No. 140/CD-TTg requesting all ministries, branches and localities to implement and develop growth scenarios so that in 2025, they strive to achieve a minimum growth rate of 8%. In favorable implementation conditions, strive for double-digit growth. In particular, very high requirements are set for localities often called "locomotives, growth drivers" such as Hanoi, Ho Chi Minh City, Binh Duong , Dong Nai and some other localities. If these localities grow higher than the figure achieved in 2024, it will create a huge growth driver.
As planned for 2024, the initial growth target was set at 6.5%, because storms and floods affected the growth rate by 0.8%. Up to now, with the strong direction of the Government and the Prime Minister, the growth is estimated at 7.09%. This is a very important basis and premise for implementing the goals set for 2025.
Regarding the motivation, solutions, and factors to achieve the growth target of at least 8% and strive for double-digit growth, at least 10%, Deputy Minister Nguyen Duc Tam emphasized that with the advisory body, the Ministry of Planning and Investment determined that in 2025, it is necessary to continue to innovate and improve institutional work. This is one of the driving forces to help growth achieve high results.
At the same time, continue to stabilize the macro economy, control inflation and ensure major balances of the economy. This is one of the key tasks, although we strive for high growth rate but still have to ensure the fundamental factors of the macro economy as well as control inflation.
Regarding monetary policy management, Deputy Minister Nguyen Duc Tam said that we should continue to be proactive, flexible, timely, effective and synchronous. In 2024, many tasks related to tax exemption, reduction, extension and deferral were carried out, by the end of the year it was about 197 trillion and it is expected to be about 337 trillion so far. That shows that if we create conditions for businesses, we will collect more, businesses will return to operations and have more confidence in the economy. This is one of the solutions that needs to be continued to be implemented in the coming time.
Since the beginning of 2025, the Government has issued a Decree related to tax exemption, reduction, extension, and deferral until the end of June 2025 for businesses to implement. This tax exemption, reduction, extension, and deferral not only supports businesses but also provides immediate support to people, allowing people to buy more goods, stimulating domestic demand.
The next content is to renew growth drivers, especially investment, stimulating consumption as well as import and export. Regarding investment, in the 2025 plan, ministries, branches and localities will have to disburse a total public investment capital of about 295 trillion VND, plus the amount carried over from 2024 according to the law of about more than 300 trillion VND. This is a very large number and disbursing all of this capital will create momentum to attract other economic sectors, as seed capital to attract and promote growth.
2025 will be the year of stimulating domestic consumption. This is one of the important tasks, not only Vietnam but also many countries in the world. Accordingly, focusing on stimulating domestic consumption, including attracting domestic and foreign tourists. Domestic tourists strive to attract 120-130 million arrivals and international tourists about 20 million. This is one of the resources to promote growth. In addition, 17 signed FTAs will be promoted.
Along with that, we focus on implementing Resolution 57/NQ-TW dated December 22, 2024 of the Politburo on breakthroughs in science, technology, innovation and national digital transformation. Recently, the Government issued Decree 182/2024/ND-CP regulating the establishment, management and use of the Investment Support Fund. In which, it stipulates support mechanisms for enterprises operating in the fields of science, technology, innovation, especially chips and semiconductors. If we can take advantage of this resource, this is one of the very important conditions.
Another growth driver is the acceleration of infrastructure development. It is expected that by the end of 2025, 3,000 km of highways and 1,000 km of coastal roads will be completed. Among them, many highway projects will be expanded from 2 lanes to 4 lanes and from 4 lanes to full lanes according to the plan.
Finally, we will build financial centers in Ho Chi Minh City and Da Nang City. This is a new game and a new way for us to attract more resources. If we can do this successfully, we will certainly have more resources for economic growth, Deputy Minister Nguyen Duc Tam emphasized./.
Source: https://www.mpi.gov.vn/portal/Pages/2025-1-8/Hop-bao-Chinh-phuquf2du.aspx
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