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Strive to best complete the goals of the 2024 Socio-Economic Development Plan

Việt NamViệt Nam21/05/2024

Deputy Prime Minister Le Minh Khai, authorized by the Prime Minister, presented the report. (Photo: LINH KHOA)

Dear leaders, former leaders of the Party, State, Vietnam Fatherland Front and revolutionary veterans!

Dear National Assembly and compatriots and voters nationwide!

According to the agenda of the Session, the Government has submitted to the National Assembly 45 reports, submissions, and documents in many fields. Under the assignment of the Prime Minister, I would like to report to the National Assembly and the people and voters nationwide some main contents on the additional assessment of the results of the implementation of the Socio-Economic Development Plan in 2023 and the implementation of the Socio-Economic Development Plan in the first months of 2024.

I. ADDITIONAL ASSESSMENT OF 2023 RESULTS AND IMPLEMENTATION OF THE SOCIO-ECONOMIC DEVELOPMENT PLAN IN THE FIRST MONTHS OF 2024

1. Regarding additional assessment of results in 2023

At the 6th Session of the 15th National Assembly, the Government reported to the National Assembly on the socio-economic situation in the first 9 months and the whole year of 2023. In the last months of 2023, the Government and the Prime Minister directed all levels, sectors and localities to resolutely implement the Resolutions and Conclusions of the Central Committee, the National Assembly and the Government; continue to prioritize promoting growth, maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy; speed up the approval of plans and disbursement of public investment capital.

The work of building and perfecting institutions has been focused on, with many innovations in direction and methods; difficulties in production and business have been removed, long-standing issues have been resolved; national defense and security have been strengthened; social order and safety have been maintained; and international integration has been promoted.

The socio-economic situation in the last months of the year continued to recover, with each month being more positive than the previous month, each quarter being higher than the previous quarter, basically achieving the set general goals and achieving many important results in all fields.

The comments and assessments reported to the National Assembly are basically consistent, with many more positive changes. Some socio-economic indicators are higher than those reported to the National Assembly. The GDP growth rate reached 5.05% (reported to be over 5%), although lower than the set target, it is a high level in the world and the region. The economic scale reached 430 billion USD, entering the group of upper middle-income countries.

Inflation was controlled, the average consumer price index (CPI) increased by 3.25% (reported increase of about 3.5%); the currency and foreign exchange markets were basically stable, interest rates decreased. State budget revenue reached over 1.75 million billion VND, exceeding 8.2% and increasing by 133.4 thousand billion VND compared to the estimate, meeting the requirements of socio-economic development, national defense and security, ensuring social security and other urgent tasks.

Many policies and solutions have been implemented synchronously, promptly and effectively to support the economy, businesses and people; nearly 191.5 trillion VND of taxes, fees, charges and land rents have been exempted, reduced and extended. The state budget deficit is about 3.5% of GDP, public debt is about 37% of GDP, government debt is about 34% of GDP, much lower than the ceiling and warning threshold. By the end of 2023, about 680 trillion VND has been set aside to implement the new wage policy.

Total import-export turnover reached 681 billion USD; trade surplus was 28.3 billion USD (reported about 15 billion USD), contributing to ensuring the balance of payments and supporting foreign exchange balance. Energy security and food security were ensured; nearly 8.13 million tons of rice were exported with a value of 4.68 billion USD, up 35.5%.

FDI attraction reached 39.4 billion USD (reported about 27-30 billion USD), up 34.5%; realized FDI reached 23.2 billion USD (reported about 20-22 billion USD), up 3.5%, the highest ever.

Party and State leaders attend the National Assembly session on the morning of May 20. (Photo: LINH KHOA)

The development of strategic infrastructure systems has made remarkable changes, especially in the breakthrough of transport infrastructure. Planning work has been focused on and implemented vigorously, quality has been improved, creating conditions for exploiting and using resources effectively, promoting rapid and sustainable socio-economic development.

The socio-cultural fields continue to receive attention; social security is ensured; people's lives are constantly improved; the number of households with increased and stable income reaches 94.1%. National defense, security, social order and safety are strengthened and ensured; national sovereignty is maintained; foreign affairs and international integration are promoted.

Many prestigious international organizations highly appreciate the results and prospects of our country's economy. Fitch Ratings upgraded Vietnam's long-term national credit rating to BB+ (from BB), with a "Stable" outlook; Vietnam's business environment ranking in 2023 increased by 12 places; the Global Innovation Index increased by 2 places.

In the context of the rapidly changing, complex and unpredictable world and regional situation, the results achieved in 2023 are very remarkable, valuable and proud. However, our country still has limitations and difficulties.

Economic growth has not yet reached the set target. Production and business activities and access to credit still face many difficulties. Labor productivity growth has not yet met requirements. Investment and business procedures are still cumbersome. The lives of a segment of the population are still difficult. Development of high-quality human resources has not changed significantly.

Discipline and order of some cadres and civil servants are still not strict. Security, social order and safety, and crime in some areas still have complex factors. Natural disasters, droughts, storms, floods, saltwater intrusion, extreme weather, and landslides continue to develop unpredictably, causing serious consequences.

2. On implementing the socio-economic development plan for the first months of 2024

Since the beginning of 2024, the world situation has continued to develop in a complex and unpredictable manner with more difficulties and challenges. Geopolitical instability and escalating military conflicts in a number of countries and regions pose many risks, threatening global stability and development; natural disasters and climate change continue to have a severe impact.

Many major economies, our country's main trade and investment partners, are recovering slowly and continue to tighten monetary policies; the USD exchange rate and gold prices are increasing sharply; prices of crude oil, basic goods, transportation services, etc. are fluctuating strongly. However, the global economic and trade outlook is showing signs of improvement, creating favorable opportunities for development.

Domestically, economic growth continues to recover, socio-economic activities are more vibrant. International organizations continue to highly appreciate Vietnam's growth prospects in 2024. Implementing the Central Committee's Conclusion, the Resolution of the National Assembly, the Government; The Government and the Prime Minister have directed all levels, sectors and localities to focus on implementing Resolution No. 01, 02 and the Resolutions of the Government, striving to best complete the goals of the 2024 Socio-Economic Development Plan.

Deputy Prime Minister Le Minh Khai, authorized by the Prime Minister, presented the report. (Photo: LINH KHOA)

The focus is on perfecting institutions and policy mechanisms; renewing traditional growth drivers and effectively exploiting new growth drivers; promoting disbursement of public investment capital, national target programs, promoting exports, stimulating domestic consumption; saving state budget expenditures; ensuring electricity and gasoline supply; developing tourism; handling long-standing backlog issues; promoting national digital transformation.

Work with localities to remove difficulties and promote socio-economic development; directly inspect and urge important and key national projects and works in the spirit of "three shifts, four shifts", "overcoming the sun, overcoming the rain", "working through holidays, Tet holidays", "only discussing work, not discussing back", determined to complete as soon as possible with the highest quality. In general, the socio-economic situation in the first months of 2024 continued to change positively, achieving better results than the same period in 2023 in all fields.

2.1. Results achieved in the first months of 2024

a) Economically

The macro economy is basically stable, inflation is under control, and major balances are guaranteed. GDP growth in the first quarter of 2024 reached 5.66%, the highest in the 2020-2023 period; this is a great effort in the context of the economy facing many difficulties.

The average consumer price index (CPI) in the first four months increased by 3.93% over the same period last year. Monetary policy was flexibly managed and interest rates were reduced to support economic growth.

In the first 4 months of 2024, state budget revenue reached 43.1% of the estimate, up 10.1%; export turnover increased by 15%; trade surplus was 8.4 billion USD. Disbursement of public investment capital reached 17.46% of the plan, the highest in the past 4 years.

Total registered FDI capital reached 9.27 billion USD, up 4.5%, of which newly registered FDI capital reached 7.11 billion USD, up 73.2%; implemented FDI reached 6.28 billion USD, up 7.4%, the highest in the past 5 years. Many large corporations have committed to investing in Vietnam in the electronics, chip, semiconductor, renewable energy industries, etc.

The economy maintained positive growth momentum in all three regions. Agricultural production grew well, continuing to be a solid pillar of the economy; new rural construction achieved positive results. Industrial production recovered positively, especially the processing and manufacturing industry; production and supply of electricity and gasoline were ensured, meeting the needs of production and daily life.

Trade and services continued to develop quite well. Transport services improved, especially railway transport with many innovations. Tourism continued to recover rapidly with nearly 6.2 million international visitors, up 1.6 times over the same period in 2023 and up 3.9% over the same period in 2019.

The development of socio-economic infrastructure has been promoted, especially important and key national transport and energy infrastructure projects; including the commencement of the Dong Dang-Tra Linh and Huu Nghi-Chi Lang expressway projects, the expansion of Terminal T2 at Noi Bai International Airport, and the opening of the Dien Chau-Bai Vot (30km) and Cam Lam-Vinh Hao (79km) sections, bringing the total number of kilometers of expressway put into operation to more than 2,000km.

Planning work continues to be focused on implementation; 110/111 plans have completed the preparation, appraisal and approval; most sectoral, field and provincial plans have been approved, announced and implemented, especially all 6 socio-economic regional plans have been approved and the National Marine Spatial Plan has been submitted to the National Assembly for approval.

b) On culture, society and environment

Continue to effectively implement social security policies, care for people with revolutionary contributions, reduce poverty, improve people's lives; support people to celebrate Tet safely, healthily, and warmly, so that every family has the conditions to enjoy the Spring Festival; pay social allowances fully and promptly; support people to overcome the consequences of natural disasters and stabilize their lives.

The Government has issued an Action Program to implement Resolution No. 42 of the Central Committee on continuing to innovate and improve the quality of social policies. The emulation movement nationwide to join hands to "eliminate temporary and dilapidated houses" and the Workers' Month and the Month of Action on occupational safety and hygiene have been widely deployed.

Ethnic, religious, elderly, child protection, gender equality, women's advancement, and social evil prevention and control work have been well implemented. Vietnam's human development index increased by 8 places, ranking 107/193. Vietnam's happiness index increased by 11 places, ranking 54/143.

Scene of the National Assembly session on the morning of May 20. (Photo: LINH KHOA)

The labor and employment situation has recovered positively; the connection between labor supply and demand has been strengthened, and workers have been supported in finding jobs; workers' incomes have increased. Attention has been paid to developing the overseas labor market. Social policy credit programs continue to be effectively implemented, contributing to creating jobs and livelihoods for the people.

Promote human resource development, especially high-quality human resources for emerging industries, chip manufacturing, and semiconductors. Actively implement the new general education program; focus on preparing for the National High School Graduation Exam and university and college admissions in 2024. Many students won prizes at international Olympic competitions. Summarize 10 years of implementing Resolution No. 29 of the Central Committee on fundamental and comprehensive innovation in education and training.

Promoting the role of the National Innovation Center. Many modern scientific and technological achievements are applied, especially in the fields of health, agriculture, industry and construction. The quality measurement standards system continues to be consolidated, harmonized with regional and world standards.

The quality of medical examination and treatment services, primary health care, and preventive medicine continues to improve; disease prevention and control work is well done. Medicines, medical supplies, and vaccines for the Expanded Immunization Program are basically guaranteed. Many advanced medical techniques have been successfully applied in recent times, demonstrating the remarkable progress of the Vietnamese health sector.

The fields of culture, sports and tourism are given attention and promoted. Activities to preserve and promote cultural heritage are implemented; the development of cultural industries is promoted. Sports and physical training movements are organized widely throughout the country.

Many political activities, traditional festivals and cultural and artistic activities, including the 94th anniversary of the founding of the Communist Party of Vietnam, the 70th anniversary of the Dien Bien Phu victory, the Hung Kings' death anniversary... were organized solemnly, safely and joyfully, contributing to preserving and promoting the traditional cultural values and heroic history of the nation, arousing patriotism and consolidating the great national unity bloc.

Proactively respond to climate change; prevent and combat natural disasters, strengthen resource management and environmental protection; ensure water security; actively develop environmental criteria, confirm projects granted green credit, and issue green bonds.

c) On building and perfecting institutions, administrative reform, inspection work, handling complaints and denunciations, preventing and combating corruption, waste and negativity

The work of building and perfecting institutions has many innovations, with focused resources. The National Assembly and the National Assembly Standing Committee's Law and Ordinance Building Program has been seriously implemented; draft laws have been reviewed, completed, and submitted to the National Assembly at the 5th Extraordinary Session and the 7th Session of the 15th tenure, ensuring progress and quality.

The Government organized four thematic meetings on law-making; actively issued documents detailing the implementation; submitted to the National Assembly for permission for a number of laws to take effect in July 2024; proactively reviewed, promptly revised and issued many regulations to remove difficulties and obstacles for businesses and people, and promote production and business.

Focus on implementing specific contents of the new salary regime; the work of arranging administrative units at district and commune levels has been actively implemented. Promote administrative procedure reform, improve the investment and business environment, reduce compliance costs, create favorable conditions for businesses, people and foreigners. Digital transformation, development of digital government, digital economy have been enhanced, including the construction and operation of national databases, development of digital infrastructure, and online public services. The implementation of Project 06 has brought about positive results and fundamental changes in digital transformation; providing many applications and utilities to serve businesses and people, contributing to building a civilized society, preventing corruption, improving management efficiency and promoting socio-economic development.

Organize the implementation of the Politburo's Regulations on controlling power, preventing and combating corruption and negativity. The work of preventing and combating corruption and negativity has been promoted, drastically, synchronously, comprehensively, continuously, without stopping and achieved many important results, especially the work of recovering assets for the state, linking the work of preventing and combating corruption with the work of cadres, strictly handling violations with the motto "no forbidden areas, no exceptions". Speed up the progress, complete the investigation, propose prosecution, bring to trial many cases under the supervision and direction of the Central Steering Committee on preventing and combating corruption and negativity; actively build a national database on asset and income control.

National Assembly deputies at the morning session on May 20. (Photo: LINH KHOA)

d) On defense, security, foreign affairs

Effectively implement national defense policies and protect the Fatherland. Priority is given to investment in national defense and security, especially the main pillars, contributing to maintaining national defense and security, firmly protecting independence, sovereignty, unity and territorial integrity. Flexibly and effectively handle situations, avoid being passive or surprised, especially border and island issues; always promote the vanguard and core role, promptly present in key, difficult and dangerous places.

Ensuring security, social order and safety, maintaining peace for the people; absolutely protecting the security and safety of the activities of Party and State leaders, international and important events; fighting against crimes, especially economic crimes, drugs, fraud, high-tech crimes... achieving positive results; strengthening fire prevention and fighting, strictly handling violations of traffic laws.

Foreign affairs and international integration activities were implemented synchronously and comprehensively, which was an “impressive” highlight; effective coordination between party diplomacy, state diplomacy and people’s diplomacy contributed to maintaining a peaceful and stable environment and a favorable foreign situation for development. Effectively implementing high-level foreign affairs programs, deepening bilateral cooperation and promoting the role at multilateral forums. Economic diplomacy was promoted; commitments and agreements were actively implemented. Citizen protection work was implemented promptly. The position and prestige of our country were increasingly enhanced.

d) Regarding handling outstanding and prolonged issues and projects

Many issues and projects that have been backlogged and prolonged have been focused on and achieved positive results. In particular, documents and conditions have been prepared for consideration and approval of the policy of compulsory transfer of weak banks, ensuring system safety. The restructuring project of the Vietnam Development Bank has been implemented and achieved initial results. Three nitrogen fertilizer factories are restructuring their loans and have initially made profits. The plan to implement the Politburo's Conclusion on handling the Shipbuilding Industry Corporation has been issued and implemented. The obstacles of many important electricity and energy projects have been actively resolved, including the Lo B-O Mon gas power project, which has had its investment decision approved and signed a contract to buy and sell electricity and gas; the Nghi Son oil refinery has implemented restructuring of governance, operations, and optimized production and business; the Long Phu 1 power project is negotiating and resolving obstacles to restart soon...

2.2. On existence, limitations, difficulties and challenges

Pressure on macroeconomic management is still high, especially in controlling inflation, managing interest rates and exchange rates; credit growth is still low; world and domestic gold prices fluctuate strongly. Although economic growth has achieved good results, it still faces many challenges. Production and business activities of enterprises and people face many difficulties. Industrial production recovery is still slow. Agricultural production, especially in the Mekong Delta, faces many difficulties due to prolonged and more severe drought and saltwater intrusion.

The real estate market is recovering slowly, the progress of the social housing loan package of 120 trillion VND has not met requirements. The progress of some expressway, key traffic projects, and site clearance projects is still slow. Some mechanisms, policies, regulations, and administrative procedures are still overlapping, cumbersome, and slow to be amended. The lives of a segment of the population are still difficult. Natural disasters, epidemics, food poisoning, forest fires, work accidents, traffic accidents, drug crimes, and high-tech crimes are still complicated.

2.3. About the cause

The results achieved are thanks to the correct, close and timely leadership and direction of the Central Executive Committee, directly and regularly by the Politburo and the Secretariat, headed by General Secretary Nguyen Phu Trong; the accompaniment and supervision of the National Assembly; the participation and close coordination of agencies in the political system; the correct, drastic, timely, methodical, scientific and practical direction and management of the Government, the Prime Minister, all levels, sectors and localities; the support, trust and active participation of the people, the business community and the help and assistance of international friends.

The above-mentioned shortcomings and limitations have many causes, mainly due to the rapidly changing, complex, unpredictable world economic and political situation, with many unprecedented developments, exceeding forecasts, creating great pressure on the direction and management work. The economy is in transition, its scale is still modest, its starting point is low, its internal capacity is limited, its resilience and competitiveness are not high, while its openness is large, so it is subject to many impacts and influences from external factors.

The inherent shortcomings and weaknesses of the economy have been present for a long time and are more evident in difficult conditions, including weak real estate, corporate bond, stock and banking markets. Analysis, forecasting and policy response in some cases are not timely and effective. Some officials and civil servants are not proactive and decisive, and still have a mentality of avoidance, shirking responsibility and fear of responsibility...

2.4. About lessons learned

(1) Unity of the entire Party, unity of the entire people, national unity, international unity. Thoroughly grasp and seriously implement the Party's guidelines and policies, the State's policies and laws; ensure close and smooth coordination and the participation with high determination of the entire political system.

(2) Must grasp the practical situation, respond to policies promptly and flexibly. Manage proactively, decisively, promptly and effectively; ensure close and smooth coordination between ministries, branches and localities; quickly and effectively implement issued mechanisms and policies.

(3) Promote decentralization and delegation of authority in conjunction with resource allocation and strengthen inspection, supervision and control of power; resolutely and persistently fight against corruption, waste and negativity. Strengthen discipline and order. Actively and proactively resolve work according to functions, tasks and authority; be steadfast, courageous and highly determined, do not avoid or shirk responsibility.

(4) Taking people as the center, subject, most important resource, driving force and goal of development; focusing on prioritizing resource allocation for cultural and social development and environmental protection.

(5) Information and communication work must be timely, proactive, accurate, creating excitement, optimism and social consensus. Promoting the spirit of self-reliance, self-improvement, striving to improve, high determination, innovation and creativity.

II. MAIN TASKS AND SOLUTIONS IN THE COMING TIME

International delegates attend the National Assembly session on the morning of May 20. (Photo: LINH KHOA)

1. Background

The world and regional situation in the coming time is forecast to continue to develop in a complex and unpredictable manner, creating great challenges and pressure on the direction and management of the macro economy and socio-economic development of our country. Domestically, difficulties, challenges and opportunities are intertwined, with more difficulties and challenges, requiring us to be more determined, make greater efforts, take more drastic actions, accelerate and make breakthroughs to successfully complete the socio-economic development goals for 2024 and the 5-year Plan 2021-2025.

2. Direction and management perspective

Firstly, thoroughly grasp and strictly implement the Resolution of the 13th Party Congress and the Resolutions of the Party and the National Assembly. Focus on synchronously and effectively implementing the 10-year Socio-Economic Development Strategy 2021-2030, the 5-year Socio-Economic Development Plan 2021-2025, focusing on 3 strategic breakthroughs, 6 key tasks and 12 main groups of solutions.

Second, promote the spirit of proactiveness, positivity, innovation, creativity, daring to think, daring to do; ensure flexibility, timeliness, and effectiveness in direction and management. Grasp the developments in the domestic and international situation; improve analytical and forecasting capacity; and respond to policies promptly.

Third, resolutely not retreat in the face of difficulties, steadfast in the set goals. Make the most of favorable conditions and opportunities for development. Take internal strength as fundamental, strategic, long-term, and decisive; external strength as important and breakthrough. Focus on removing difficulties, promoting production and business, creating jobs and livelihoods for the people.

Fourth, strengthen solidarity and unity; promote decentralization, delegation of authority, allocation of resources, improve implementation capacity combined with strengthening inspection and supervision; maintain administrative discipline and order. Immediately remove bottlenecks, difficulties and obstacles; proactively resolve within authority, do not rely on others and promptly propose and recommend issues beyond authority.

Fifth, in all cases, it is necessary to ensure socio-political stability; strengthen national defense and security; strengthen foreign affairs, international integration and promote information and propaganda to create social consensus; encourage, promote and arouse patriotism and aspirations of enterprises, people and the whole society.

3. Main tasks and solutions

(1) Prioritize promoting growth associated with macroeconomic stability, controlling inflation, ensuring major balances of the economy; closely, effectively and harmoniously coordinate macroeconomic management policies. Renewing traditional growth drivers and promoting new growth drivers. Continuing to implement policies on interest rate exemption and reduction, debt deferral, debt restructuring and exemption, reduction and extension of taxes, fees, charges and land rents to remove difficulties for production and business.

Strengthening financial and state budget discipline; expanding the collection base, ensuring correct, sufficient and timely collection and preventing tax losses, especially from food service businesses, cross-border e-commerce, etc.; strictly implementing regulations on electronic invoices, avoiding prolonged delays. Thoroughly saving state budget expenditures, especially regular expenditures; reviewing and resolutely cutting down on spending tasks that are not really necessary. Strengthening price and market management, having a suitable roadmap to adjust prices of goods and services managed by the State.

Actively, flexibly, promptly and effectively manage monetary policy; coordinate synchronously, harmoniously and closely with a reasonable, focused and key expansionary fiscal policy and other policies. Manage exchange rates and interest rates in accordance with the market situation and set goals. Resolutely and immediately implement solutions to stabilize the gold market according to regulations; focus on inspection and examination; apply electronic invoices and strengthen information and communication.

Continue to remove difficulties, facilitate access to credit capital for businesses and people; direct credit to production and business, priority sectors and growth drivers; strive for credit growth of about 15% and reduce lending interest rates by 1-2%. Accelerate disbursement of the 120 trillion VND program for loans for social housing, workers' housing, and renovation of old apartments.

Resolutely promote the disbursement of public investment capital, use public investment to activate and lead private investment, strengthen public-private cooperation; promptly report to competent authorities to adjust capital plans of ministries, agencies and localities that have not allocated or are slow to disburse to other ministries, agencies and localities that have quickly disbursed and need additional capital; promptly handle difficulties and obstacles to speed up the progress of important and key national infrastructure projects and national target programs; strive to disburse over 95% of the assigned plan.

Strengthen trade promotion, boost exports to major markets, exploit potential markets, effectively promote signed trade agreements and treaties. Speed up negotiations and sign free trade agreements with the United Arab Emirates (UAE), the South American Common Market, etc. Strongly develop the domestic market, stimulate consumption, and effectively implement the campaign "Vietnamese people prioritize using Vietnamese goods".

(2) Continue to innovate processes, improve the quality of drafting and promulgating legal documents. Ensure the quality and progress of draft laws, resolutions, mechanisms, policies, new, pilot and specific regulations submitted to the National Assembly. Promptly draft and promulgate detailed implementing documents, ensuring they take effect at the same time as the laws and resolutions that have been passed.

Focus on removing long-standing obstacles and shortcomings; promote decentralization and delegation of power; rectify and aim to end the fear of making mistakes, avoiding and shirking responsibility; improve the effectiveness of the direction and administration of the Government, the Prime Minister and the coordination between ministries, branches and localities.

Continue to cut and simplify administrative procedures; effectively implement the innovation of one-stop-shop and interconnected one-stop-shop mechanisms; accelerate digitalization, data reuse, enhance integration, sharing, and data synchronization between databases, create clear changes in the provision of online public services, contributing to reducing time and costs for businesses and people.

(3) Focus on effectively and substantially restructuring the economy in conjunction with growth model innovation, improving productivity, quality, efficiency and competitiveness. Promote the development of digital economy, green economy, circular economy, sharing economy, emerging industries and fields, and new business models. Promote restructuring of the state budget, improve management efficiency, allocation and use towards enhancing the leading role of the central budget and the proactive role of local budgets. Continue restructuring credit institutions in conjunction with bad debt handling, focusing on compulsory transfer of weak banks. Effectively implement the restructuring project, strategies, production and business plans and development investment of state-owned corporations and groups; actively participate in and implement large-scale projects with high spillover effects. Focus on handling enterprises and projects that are behind schedule and have prolonged losses.

Accelerate the restructuring of industries, especially the processing and manufacturing industries. Propose breakthrough mechanisms and policies to attract investment in emerging sectors, large-scale FDI projects, and high technology. Effectively implement the 8th Power Plan; promptly complete new mechanisms and policies on electricity. Ensure energy security, supply of gasoline and oil, and avoid power shortages in any situation.

Continue restructuring the agricultural sector in association with new rural development; shift from agricultural production to agricultural economy. Strongly develop ecological, green, organic, high-tech agriculture, adapting to climate change; ensure domestic food security and promote agricultural exports. Actively implement the Project of 1 million hectares of high-quality, low-emission rice in the Mekong Delta. Synchronously deploy solutions to soon remove the IUU yellow card.

Promote potential and advantageous service industries; reduce transportation costs. Develop tourism comprehensively, quickly and sustainably; strengthen the management of tourism service prices, accommodation, and food; promote tourism promotion; strive to attract 18 million international visitors by 2024. Soon issue and effectively implement the Tourism System Plan until 2030.

(4) Accelerate the progress of important national and inter-regional transport infrastructure projects, especially the construction of 1,000km of expressways to strive to put about 3,000km into operation by 2025, opening up new development space and momentum, increasing the added value of land funds, and reducing logistics costs. Put into operation the Nhon-Hanoi Railway Station elevated urban railway, the Ben Thanh-Suoi Tien urban railway and the 500kV line 3 Quang Trach-Pho Noi project.

Promote the development of digital infrastructure, soon put 5G network into commercial exploitation and operation; promote the development of data center infrastructure and build national databases, especially the national data center project. Strengthen the implementation of Project 06 associated with data integration and sharing, forming a digital citizen ecosystem. Promote non-cash payments and digital banking activities.

Focus on completing the approval of the remaining plans; promoting regional linkage development, promoting the role of the Regional Council; effectively implementing the approved plans. Actively implementing Resolution No. 06 of the Politburo on planning, construction, management and sustainable development of Vietnamese urban areas.

(5) Focus on developing high-quality human resources in conjunction with promoting research, development and application of science and technology. Continue to drastically implement fundamental and comprehensive innovation in education and training. Accelerate the development of the Education Development Strategy to 2030; implement autonomy in higher education; improve the quality of vocational education. Strongly promote the national innovative startup ecosystem, the National Innovation Center and strengthen the connection of innovation networks.

Develop a mechanism for employing scientists and pilot special incentive policies. Urgently issue and implement the Semiconductor Industry Development Strategy and the Semiconductor Human Resource Development Project; strive to have 50-100 thousand high-quality human resources for the semiconductor chip manufacturing industry by 2030.

(6) Comprehensively and synchronously develop cultural fields, harmoniously combining economic development with culture and society. Continue to implement the Conclusion of General Secretary Nguyen Phu Trong at the National Cultural Conference and Conclusion No. 76 of the Politburo on building and developing Vietnamese culture and people. Promote the internationalization of national cultural values and identities to the world and nationalize the quintessence of world culture into Vietnam. Develop the cultural industry in a professional, modern, creative and competitive direction. Immediately implement the National Target Program on Cultural Development after the National Assembly approves the investment policy.

Improve the quality of medical examination and treatment services, primary health care, and preventive medicine; proactively and effectively respond to epidemics; ensure medicines, vaccines, and medical equipment; strengthen management of the medical environment and food safety. Ensure that over 90% of children under 1 year old are fully vaccinated. Implement a roadmap to correctly and fully calculate the price of medical services; promote the development of the pharmaceutical and medicinal materials industry.

Innovate and improve the quality of social policies; continue to effectively implement social security policies, policies for people with revolutionary contributions, sustainable poverty reduction, leaving no one behind. Expand the subjects participating in social insurance and health insurance; expand and increase social subsidies. Develop a plan to adjust regional minimum wages. Effectively implement work on ethnic groups, religions, the elderly, youth, children, gender equality, for the advancement of women.

(7) Strengthening resource management and environmental protection, preventing and combating natural disasters, responding to climate change, ensuring water security... Urgently develop a master plan on preventing and combating drought, water shortage, saltwater intrusion, subsidence, and landslides in the Mekong Delta. Immediately remove difficulties and obstacles in land recovery, allocation, and conversion of land use purposes.

Focus on implementing Vietnam's initiatives and commitments at COP28 and the Resource Mobilization Plan to implement the Political Declaration on the Establishment of the Just Energy Transition Partnership (JETP). Research mechanisms and policies to establish and operate a pilot carbon credit trading platform from 2025. Focus on effectively implementing the Strategy for Sustainable Development of Vietnam's Marine Economy.

(8) Continue to perfect the clean, streamlined, effective and efficient state administrative apparatus; innovate the management of public services and civil servants, build a contingent of cadres and civil servants with sufficient qualities, capacity, integrity, and are truly servants of the people; implement the new salary policy from July 1, 2024; complete the arrangement of district and commune-level administrative units for the 2023-2025 period in September 2024. Perfect the regimes and policies to attract and promote talents; encourage cadres to be dynamic, creative, dare to think, dare to do, dare to make breakthroughs for the common good; overcome the situation of shirking responsibility, fear of mistakes, and fear of responsibility.

Synchronously implement the conclusions and directives of the Politburo, the Secretariat, the programs and work plans of the Central Steering Committee on anti-corruption and anti-negativity and the National Strategy on anti-corruption following the motto "no forbidden zones, no exceptions". Increase publicity and transparency in inspection and auditing; promote the enforcement of civil and administrative judgments, and the recovery of assets misappropriated or lost in corruption and economic cases.

(9) Effectively deploy military and defense strategies and projects, enhance defense and security potential; firmly protect independence, sovereignty, and territorial integrity; grasp, forecast, and closely assess the situation, avoid being passive or surprised. Maintain national security, ensure political security, social order and safety in all situations. Focus on attacking and suppressing all types of crimes, especially drug crimes, cyber crimes, and high-tech crimes; ensure network security, information security, traffic order and safety, fire prevention, fire fighting, rescue, and relief. Prepare to well organize the 80th anniversary of the founding of the Vietnam People's Army and the 35th anniversary of the National Defense Day...

(10) Synchronously, comprehensively and effectively deploy foreign affairs and international integration activities; maintain a peaceful and stable environment and create favorable conditions to attract resources for national development, enhance Vietnam's prestige and international position. Submit to competent authorities to issue a new Resolution on international integration. Actively participate in and promote candidacy for multilateral agencies and forums; prepare to host important events. Strengthen economic diplomacy, cultural diplomacy and people-to-people diplomacy; do a good job of overseas Vietnamese and citizen protection.

(11) Strengthen information and propaganda, especially policy communication; promptly combat and refute false information, wrong and hostile viewpoints. Strengthen propaganda on socio-economic development achievements, major events of the country; promote good models, creative ways of doing things, good people and good deeds. Do a good job of foreign information work, seek support from international friends for the cause of building, protecting and developing the country. Effectively carry out mass mobilization work, promote the role of the Vietnam Fatherland Front, socio-political organizations, and people's organizations, contributing to strengthening the great national unity bloc, creating social consensus.

Dear Congress,

The task of implementing the socio-economic development plan for the remaining period of 2024 is very heavy, but with the spirit of solidarity, dynamism, innovation, creativity, promoting the will of self-reliance, self-strengthening, higher determination, greater efforts, and more drastic actions, we will definitely overcome all difficulties, overcome all challenges, take advantage of all opportunities, develop the socio-economy quickly and sustainably, ensure national defense and security and integrate deeply and effectively into the international community, and strive to achieve the highest goals set for 2024 and the entire 2021-2025 period.

The Government respectfully thanks and hopes to continue to receive the close leadership and direction of the Central Executive Committee, the Politburo, the Secretariat, headed by General Secretary Nguyen Phu Trong; the attention, companionship, support and supervision of the National Assembly, the President, the Vietnam Fatherland Front, socio-political organizations, people's organizations, compatriots, voters nationwide and overseas Vietnamese to successfully implement the set goals and tasks, contributing to creating new confidence, new momentum, new motivation for rapid and sustainable development, realizing the aspiration to develop the country more decently, more beautiful, on par with the world powers, with the people prosperous and happy, as beloved President Ho Chi Minh always wished.

Thank you very much.


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