The Vietnam Investment Forum 2025 has just taken place, with many topics related to the macroeconomic context and trends in capital flow shifts being analyzed and discussed.
The government and the National Assembly are striving to promote rapid and stable economic growth in Vietnam - Photo: BONG MAI
Many experts and investors participated in the 2025 Investment Forum, themed "Unlocking and Breaking Through," which took place today, November 8th, organized by VietnamBiz and Vietnam Moi.
Flexible approach to handling urgent issues.
Through the forum, Mr. Phan Duc Hieu - Standing Member of the National Assembly's Economic Committee, 15th term - stated that the National Assembly is currently meeting and discussing the socio-economic situation in 2024, along with the direction and tasks for 2025, considering many important issues.
Regarding socio-economic development, as of the last quarter, 14 out of 15 targets have been achieved, and the remaining target is expected to be completed this year. This is a positive development, considering that only 10 out of 15 targets were met last year. Simultaneously, the Government is very keen to surpass the GDP growth target set by the National Assembly.
In terms of institutional matters, during this session, the National Assembly is expected to pass 19 normative laws and resolutions on socio-economic development, as well as discuss and provide feedback on 12 other draft laws and resolutions.
Mr. Hieu observed that the current institutional reform efforts are more flexible, decisive, and balanced than in previous periods. There is a greater focus on promptly addressing urgent obstacles.
Regarding urgent issues that lack sufficient legal basis, the National Assembly applies the concept of a pilot resolution. For example, a pilot resolution is being considered for the implementation of commercial housing projects, in cases where the investor acquires land use rights from another party or already possesses land use rights. A pilot resolution is also being considered for the handling of assets in civil and criminal cases.
Regarding the high-speed rail project, the National Assembly will decide whether or not to implement it between now and the end of the year. This line is 1,541 km long and has a speed of 350 km/h. It starts from Ngoc Hoi station (Hanoi) and ends at Thu Thiem station (Ho Chi Minh City), passing through 20 localities, 23 passenger stations, and 5 freight stations. It is expected to boost socio-economic development.
The issue of excess cash in the treasury must be addressed to boost Vietnam's economy.
Forecasting the economic situation in 2025, Mr. Nguyen Tu Anh - Director of the Center for Information, Analysis and Economic Forecasting, Central Economic Committee, assessed Vietnam's monetary policy, stating that there are many driving forces to follow.
First, next year is the final year of the 2021-2025 term, requiring strong determination in governance and implementation. Note that while Vietnam previously aimed for stable growth followed by rapid growth, the current perspective is: rapid growth for stability. This means accepting higher risks and adjusting the inflation rate to 4.5%, instead of 4%.
Next, Mr. Tu Anh presented the current situation: " The economy is short of capital; we have money, but we can't get it out." There is 1 trillion dong currently sitting in the State Treasury .
Therefore, the Central Steering Committee on Anti-Corruption and Negative Phenomena also emphasized combating waste. That is, cases where leaders are afraid to act and do not disburse public investment funds. " Pointing out projects that have been unfinished for decades is even bigger than corruption," the expert said.
With this policy, it is expected that public investment funds will be disbursed quickly, reducing the amount of money in the State Treasury, thereby creating momentum to promote private investment.
Regarding the Vietnamese stock market, foreign investors have withdrawn approximately $3 billion USD since the beginning of the year. Mr. Le Anh Tuan, Director of Investment at Dragon Capital, stated that many parties label Vietnam as similar to China. However, "in the future, international investors will realize that we are not like China."
Therefore, there is a possibility that Vietnam's stock market will be upgraded from frontier to emerging market status in March 2025, earlier than the September 2025 deadline. However, the flow of foreign capital into the Vietnamese stock market still depends on the policy decisions of President Donald Trump, which are expected to become clearer only by the middle of next year.
Mr. Nguyen Ba Hung, Chief Economist of the Asian Development Bank (ADB) in Vietnam, stated that Vietnam's economy is highly open, with exports accounting for a large proportion of its GDP. Therefore, when facing difficulties in global trade policies, especially those of the US, the Vietnamese market will encounter challenges.
Therefore, in addition to leveraging advantages in foreign trade, it is necessary to focus on stimulating domestic demand and creating a more stable foundation.
Source: https://tuoitre.vn/phat-trien-kinh-te-2025-va-bai-toan-giai-quyet-tinh-trang-kho-bac-nha-nuoc-thua-tien-20241108135806489.htm
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