Prime Minister Pham Minh Chinh has just signed Directive No. 05 on key tasks and solutions to promote economic growth and accelerate disbursement of public investment capital, ensuring the national growth target of 8% or more in 2025.
The Directive clearly states that the growth target of 8% or more in 2025 is a difficult and challenging task, but we must be determined to complete it to create momentum, create strength, and create a position for double-digit growth in the following years, with the spirit that the Party has directed, the Government has agreed, the National Assembly has agreed, the People have supported, and the Fatherland has expected, then we only discuss doing, not retreating.
The Directive sets out key tasks and solutions to promote economic growth and accelerate public investment disbursement. Specifically, it focuses on resolutely, synchronously and effectively implementing the Resolutions and Conclusions of the Central Committee, the Politburo , the National Assembly and the Government, effectively promoting the new and breakthrough mechanisms, policies and regulations that have been issued, and immediately removing and releasing resources of the economy.
The Ministry of Finance continues to research and propose policies on tax, fee, charge and land rent exemption, reduction and extension to support people and businesses, promote production, business, tourism and domestic consumption in 2025, and report to competent authorities before March 15.
An area in Ho Chi Minh City (Photo: Trinh Nguyen).
The State Bank of Vietnam shall conduct monetary policy proactively, flexibly, promptly, effectively, in close and harmonious coordination with a reasonable, focused expansionary fiscal policy and other macroeconomic policies; focus on more effectively implementing tasks and solutions on managing interest rates, exchange rates, and credit growth.
Ministries, agencies and localities continue to support enterprises in implementing pilot and specific mechanisms and policies, new and breakthrough regulations, and "green channel" mechanisms for investment projects in industrial parks and economic zones in the high-tech sector. The Ministry of Agriculture and Environment immediately develops a classification of green projects and green criteria to serve as a basis for mobilizing capital for green development.
Units focus on reviewing, amending and perfecting regulations that are no longer suitable, overlapping or incomplete in the direction of resolving problems wherever they arise, and proactively handling and implementing them at any level according to their authority or proposing to competent authorities to amend and perfect them; promoting decentralization and delegation of authority in conjunction with strengthening inspection, supervision and improving the implementation capacity of cadres, civil servants and public employees.
Institutions, mechanisms and policies must aim to mobilize all economic sectors, businesses and people to participate in socio-economic development, contributing to the growth and development of the country.
The Ministry of Finance shall preside over and the State Bank of Vietnam, according to its assigned functions and tasks, shall propose and submit to the Government in March a legal framework for managing and promoting the healthy and effective development of digital assets and digital currencies.
The Ministry of Justice effectively implemented the Project "Application of digital technology in receiving and handling feedback and recommendations on legal documents" according to Decision No. 244 of the Prime Minister.
Ministries, agencies and localities promote disbursement of public investment capital, striving for the disbursement rate of public investment capital in 2025 to reach at least 95% of the plan assigned by the Prime Minister, in the spirit of taking public investment as the leader, activating and attracting all social resources;
The goal by the end of 2025 is to have at least 3,000km of highways and over 1,000km of coastal roads, basically complete Long Thanh International Airport, Lach Huyen area ports, put into operation Tan Son Nhat T3 terminal, Noi Bai T2 terminal, start construction of Lien Chieu port, complete investment procedures for Can Gio international seaport, Ho Chi Minh City... need to be determined to be completed.
The Ministry of Industry and Trade presides over and coordinates with the Ministry of Foreign Affairs, relevant ministries and agencies to support businesses in effectively utilizing commitments in 17 signed Free Trade Agreements (FTAs); promote negotiations and advise on signing FTAs with Middle Eastern countries, Switzerland, Norway, Finland, India, Brazil, etc.; enhance exploitation of new and potential markets, including the Middle Eastern, Halal, Latin American and African markets.
Ministries, agencies and localities strengthen the management of cross-border e-commerce activities; promote the export of services, especially finance and banking, develop logistics, expand air and sea transport; enhance international integration in services and sign digital economic agreements...
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