Opinions at the discussion session all acknowledged the achievements, such as stable macro- economy , controlled inflation, and ensured major balances - the vital foundations of an economy rising amid global instability. However, along with these positive points are many unavoidable difficulties.
Specifically, according to the report prepared for the question and answer session just sent by Minister of Finance Nguyen Van Thang to National Assembly deputies, economic growth in the first quarter reached 6.93% - the highest growth rate compared to the first quarter of the years in the period 2020-2025, but did not reach the set target (7.7%). This puts great pressure on the remaining quarters to achieve the 2025 growth target of 8%, in the context of many difficulties in production and business, traditional growth drivers have not met expectations, and new growth drivers are in the early stages, needing time to be effective. The macro economy is still under great pressure, especially in terms of interest rates, exchange rates, and inflation control.
Not only that, the lack of connection and business cooperation between Vietnamese enterprises as well as between domestic enterprises and foreign-invested enterprises (FDI) in the same industry and between industries further increases the "emptiness" in the global value chain - where we should be more strongly developing.
In addition to the growth problem, an equally important goal of putting the two-level local government apparatus into smooth operation from July 1 is also posing many challenges. Allocating resources for the “dual goal” of both economic growth and organizational improvement requires a more profound, flexible and practical management mindset than ever before.
For an economy with a large degree of openness like Vietnam, closely monitoring the global economic and political situation, correctly assessing the reality to have timely policy responses can be considered a key factor, especially in the context of complicated geopolitical conflicts, trade wars and protectionism. This is also an important foundation from which to closely, synchronously and effectively coordinate policies; in which fiscal and monetary policies must "talk to each other", be harmonious and have clear goals: Support recovery, unlock resources, maintain stability and nurture growth drivers in both the short and long term. Along with that, closely monitor the situation of localities after the arrangement to ensure growth requirements in Resolution No. 25/NQ-CP of the Government.
As mentioned by National Assembly delegates in the discussion session, in the context of resources being allocated for two goals, financial discipline and order continue to be the "rein" that cannot be loosened. The state budget must ensure correct, sufficient and timely collection; all sources of revenue - from preventing tax losses, transfer pricing, cross-border transactions to digital business - must be managed more transparently and effectively. In particular, debt collection and tightening budget revenue and expenditure discipline are not only for the goal of increasing revenue by 15%, but also an affirmation of a constructive government that always maintains credibility and discipline in national governance.
Along with that, focusing on unblocking and effectively using public investment resources; perfecting institutions, improving the investment and business environment continues to be a long-term and persistent task, through the implementation of Resolution No. 66/NQ-CP of the Government on cutting and simplifying administrative procedures related to production and business activities... That is how we respond to the desire for recovery and breakthrough; it is a synchronous action towards a more dynamic, fair and efficient economy.
In particular, it is impossible not to mention a special feature of 2025: there are dozens of important legal documents and resolutions that take effect immediately. The progress of issuing guiding documents to ensure that these legal documents soon come into effect; including plans to arrange, allocate, handle, and effectively exploit public assets, after the arrangement and streamlining of the apparatus is of great significance in maintaining traditional growth momentum and creating new development impulses. This is also a test of vision and the ability to realize policies into concrete actions in the current context.
Source: https://www.sggp.org.vn/huong-den-muc-tieu-kep-post799896.html
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