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Key tasks and solutions to achieve economic growth targets and promote public investment disbursement in 2025 (See photo news) (See video news)

(MPI) - At the Government Conference with localities to implement the Central Committee's conclusions, the National Assembly's and Government's Resolutions on economic growth, held online on February 21, 2025, Deputy Minister of Planning and Investment Tran Quoc Phuong reported to the Government on key tasks and solutions to implement the Central Committee's, National Assembly's and Government's Resolutions and Conclusions on economic growth and promote disbursement of public investment capital in 2025, ensuring the national growth target in 2025 reaches 8%.

Bộ Tài chínhBộ Tài chính21/02/2025

The conference was chaired by Prime Minister Pham Minh Chinh. Deputy Prime Ministers co-chaired the conference. Attending were leaders of ministries, branches and 63 localities at online bridges. The conference was connected to the bridge of the Ministry of Planning and Investment .

Deputy Minister of Planning and Investment Tran Quoc Phuong speaks. Photo: Chinhphu.vn

According to Deputy Minister Tran Quoc Phuong, the coming period is a crucial period to bring our country into a new era, requiring double-digit growth in the 2026-2030 period. Therefore, 2025 is a year of special importance, requiring breakthrough growth to reach the target of the 5-year Plan 2021-2025, creating momentum for growth in the coming period.

Over the past years, our country has steadily overcome difficulties and challenges, becoming a bright spot in terms of growth and macroeconomic stability in the world. The Government has flexibly, promptly, effectively and creatively implemented solutions and policies to proactively adapt to the situation, supporting the economy to recover quickly from the impact of natural disasters, epidemics, and storm No. 3...

In 2024, our country will achieve and exceed 15/15 main targets, of which 12 targets will be exceeded; growth is estimated at 7.09%, among the world's leading groups, while inflation only increased by 3.63%; Ho Chi Minh City, Hanoi and many key localities achieved high growth rates. People and businesses increased their confidence in the economic prospects, which is an important driving force for growth in the coming time.

Based on the reality and development requirements, the Government has proactively strived and submitted to the Party Central Committee and the National Assembly to issue Conclusions and Resolutions to adjust the growth target for 2025 to 8% or more. Fast but sustainable growth, ensuring macroeconomic stability, major balances of the economy, controlling inflation and improving people's lives, protecting the environment...

The Government has issued Resolution No. 01/NQ-CP and No. 25/NQ-CP defining 12 key targets for industries and sectors in 2025; requiring localities to have breakthrough growth of 8% or more, in which the two growth poles of Hanoi and Ho Chi Minh City and leading localities need to have growth higher than the national average.

Deputy Minister Tran Quoc Phuong also emphasized the context, situation and conditions to achieve the growth targets of sectors, fields and localities in 2025. In particular, in terms of advantages and opportunities: the unity of awareness and action of the entire political system, all levels, sectors, localities, people and businesses with a spirit of high determination, solidarity and unanimity to bring the country into a new era.

Confidence of people, businesses, domestic and foreign investors in economic growth prospects in both the short and long term. New, breakthrough regulations, increased decentralization and delegation of power; many institutional and legal bottlenecks and problems have been proactively reviewed and promptly resolved.

Many strategic infrastructure projects have been completed and put into operation, creating new development space for industries, fields and localities. Opportunities from changes in the world situation, shifts in global trade and investment supply chains and our country's foreign affairs achievements, signed FTAs, under negotiation and our country's position on the global map of semiconductor industry, creative startups...

Regarding the growth drivers of industries, sectors and localities in 2025, Deputy Minister Tran Quoc Phuong pointed out the achievements of the country, industries, sectors and localities after 40 years of Innovation, creating position, prestige and driving force for high growth in the coming time. Creatively applying lessons learned by the Central and Government in directing and managing growth, especially in 2024.

New thinking, new ways of doing things, new institutions, breakthroughs and flexible, synchronous and creative policies and solutions in implementation, especially in Hanoi, Ho Chi Minh City and localities applying pilot and specific mechanisms. Complete the arrangement of the apparatus organization towards streamlining, compactness, effectiveness and efficiency.

Traditional growth drivers of investment, consumption and export; effectively exploiting economic corridors, space, new development drivers from strategic infrastructure projects, new and potential export markets. The National Assembly has allowed adjustments to inflation targets, state budget deficit, public debt, government debt, foreign debt, etc., creating conditions to promote fiscal and monetary policies to support growth.

Promoting the efficiency of investment resources of state-owned enterprises; resources that are blocked and wasted are immediately put into the economy. New policies and regulations, breakthroughs in science and technology development, innovation, digital transformation, high-quality human resources to develop new growth drivers for the economy.

Regarding the allocation and disbursement of public investment capital in 2024 and the first month of 2025, as of January 31, 2025, ministries, agencies and localities have allocated VND 741.1 trillion in detail, reaching 89.7% of the plan assigned by the Prime Minister. The amount of capital not yet allocated in detail is VND 84.8 trillion, including: NTSW capital of VND 40.1 trillion of 27/48 ministries, agencies and 40/63 localities, NSDP balanced capital of VND 44.7 trillion of 26/63 localities.

Regarding key tasks and solutions, Deputy Minister Tran Quoc Phuong emphasized that ministries, branches and localities continue to comprehensively and effectively implement the Resolutions and Conclusions of the Party Central Committee, the Politburo, the National Assembly, the Government, Resolutions No. 01/NQ-CP, 02/NQ-CP, 03/NQ-CP, No. 25/NQ-CP, and the directions of the Government and the Prime Minister; grasp the situation, proactively take solutions with the spirit of turning all difficulties and challenges into breakthrough opportunities, with high determination, great efforts and drastic actions to strongly promote and renew growth drivers.

Accordingly, focus on tasks and solutions on administrative reform, quickly resolving investment procedures, removing difficulties and obstacles for businesses and projects; perfecting institutions and laws; promoting private investment, attracting FDI; effectively exploiting the domestic market, developing e-commerce and attracting tourists; promoting sustainable exports; promoting new growth drivers, developing science and technology, innovation, digital transformation, and high-quality human resources./.

Source: https://www.mpi.gov.vn/portal/Pages/2025-2-21/Nhiem-vu-giai-phap-trong-tam-dot-pha-de-thuc-hien-qyfco4.aspx


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