In the period of 2021 - 2025, despite facing the adverse impact of the pandemic, the economic development task was still completed excellently under the leadership of the Party. GDP growth was higher than the previous period, the resilience of the economy was strengthened, creating a solid foundation to raise the level of development tasks in the era of rising up.
Economic development is the key task
Economic development is one of the "great" tasks of the nation, and this is completely consistent with the Marxist-Leninist view that material production, and more broadly, the economic field, is the basic activity of mankind, determining other fields.
Vietnam's economy is highly resilient during the pandemic, with an average growth rate of 6.3% in the 2021-2025 period, higher than 6.2% in the 2016-2020 period.
Economic development contributes to a strong shift in economic structure, gradually reducing the proportion of agriculture in the economy. This is the right development process of a socialist-oriented market economy. By 2025, the proportion of agriculture will be about 12%, equivalent to the proportion of agriculture in China's economic structure in 2023.
With the highest growth rate in the region and the world , Vietnam has accumulated significant material resources for the economy, improving its position and enhancing its national prestige in the world economy.
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| With the highest growth rate in the region and the world, Vietnam has accumulated significant material resources for the economy - (Illustration photo: KT) |
Land, labor, and domestic and foreign investment resources are mobilized significantly. Traditional development drivers such as public investment, domestic consumption, and export are promoted and renewed. New development drivers such as digital economy, green economy, circular economy, sharing economy, and creative economy are discovered, exploited, and operated effectively. Both types of drivers are combined and promoted quite synchronously, creating a positive impact on GDP growth of about 8.5% in 2025.
Economic development is the core task that becomes the cognitive support and basis to attract interest and orient the development of other areas, increasing the connection and mutual support between the major development tasks of the country. The more fully the core task is implemented, the more favorable conditions are created for the completion of other tasks and vice versa.
Elevate the mission to firmly stabilize the basic balances
The target of continuous double-digit GDP growth throughout the 2026-2030 period shows that the task of economic development is the focus that the Draft deepens and fundamentally raises in the era of rising up to firmly ensure high growth speed associated with continuous improvement of growth quality, increase the great spillover of structural transformation, but it is necessary to pay special attention to maintaining stability of basic balances, minimizing deviations and deviations, ensuring conformity with the nature of Vietnam's socialist-oriented market economy.
Firstly, high and continuous growth is a necessary condition and reflects the "quantity" aspect, while deep structural transformation is a sufficient condition and reflects the "quality" aspect. High growth based on increased mobilization of available resources such as natural resources, low-cost labor, or low-efficiency capital use will be difficult to maintain in the long term. Therefore, it is necessary to pay attention to deep structural transformation, especially the industrial structure, on the basis of deeply reducing the proportion of agriculture and rapidly increasing the proportion of industry and services, especially modern technology industry, core technology, dual-use technology and high-quality services.
The successful experience of high growth and deep structural transformation of countries and territories such as Korea, Singapore, Taiwan (China), Hong Kong (China) shows that it is necessary to closely link high growth with deep structural transformation through many appropriate policies, tools and measures. Harmoniously and effectively combine industrial, trade, investment policies with monetary, fiscal and social security policies. To achieve high growth, it is necessary to increase resource mobilization in developing industries with high comparative advantages, but to achieve deep structural transformation, it is necessary to invest strongly and rapidly in developing high-tech industries, increase research and development costs in all fields, and reduce the average annual proportion of agriculture in the structure by 0.5-0.6%.
Improving the Total Factor Productivity (TFP) index and labor productivity needs to be linked to the Investment Efficiency Index (ICOR) and the Global Innovation Index (GII).
Second, do not trade off growth with environmental protection. The development process is not an end in itself, it needs to be directed towards achieving specific goals such as creating value, improving livelihoods, and serving people. Excessive resource mobilization can lead to environmental destruction such as deforestation, reduced biodiversity, soil erosion and pollution, nutrient depletion, water and air pollution, increased climate change, and increased net emissions. This increases future adjustment costs, reduces the quality of life, and increases net social losses. Third, minimize the gap in development levels between regions so that no one is left behind. The risk of increasing disparity in development levels will be even greater because economic centers with large investments, attracting a large number of high-quality human resources, rapid urbanization, favorable international connections become centers of high-tech industry, modern trade, bustling international finance and currency while there are still areas in a state of underdevelopment, backward infrastructure, precarious people's lives... even falling into unemployment and poverty. This needs to be minimized by highly effective economic and social security policies and tools.
Fourth, economic development must be linked to human development. Economic development must be people-centered. High growth must ensure that the human development index is improved proportionately, especially education, health, happiness, and social progress.
Fifth, ensure a reasonable balance in the implementation of the four basic tasks so that those tasks support each other, creating the greatest results. The four tasks include economic development as the focus, Party building as the key, ensuring national defense and security as a regular task and cultural development as the spiritual foundation of the whole society. If any task is overemphasized or/and underestimated compared to other tasks, it can affect the synchronous and simultaneous completion of tasks, creating optimal impact on development. Therefore, to ensure inclusive development, the elevation of the economic development task needs to be correspondingly elevated in the implementation of other tasks to ensure the highest balance in the implementation of all tasks, aiming at the goal of inclusive development of the country in the era of development.
According to VOV.VN
Source: https://baovinhlong.com.vn/kinh-te/202511/nang-tam-nhiem-vu-phat-trien-kinh-te-la-trong-tam-trong-ky-nguyen-vuon-minh-dd718e6/
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