Prime Minister: High growth is very difficult, but we have room to do so.

The Prime Minister said that setting a high growth target is very difficult, but Vietnam has room to do so. Growth will help increase the size of the economy, per capita income, labor productivity and improve people's lives.

On the afternoon of November 4, during a group discussion at the 10th session of the 15th National Assembly , Prime Minister Pham Minh Chinh gave comments on the draft documents to be submitted to the 14th National Congress of the Party, as well as provided information on a number of issues of concern to delegates.

Prime Minister Pham Minh Chinh speaks at the afternoon meeting on November 4.

PHOTO: GIA HAN

Law making must be linked to practice

The Prime Minister emphasized the important role of national unity to serve national interests and create strength; and at the same time analyzed three strategic breakthroughs including infrastructure, human resources and institutions.

Regarding strategic infrastructure, the last term invested more than the previous term, focusing on building highways, roads and soon the North-South high-speed railway.

Reality shows that ministries, branches and localities need to be proactive in building institutions. For example, in the previous term, no locality was assigned to do projects, but now they are assigned, some localities do it very quickly, previously they were hesitant but now they are confident to do it.

The Prime Minister affirmed that infrastructure requires huge investment, so not only the State (including the central and local levels) but also private resources need to be mobilized, and there must be public-private cooperation to develop. In parallel, decentralization must go hand in hand with resource allocation, strengthening supervision, inspection and improving enforcement capacity.

Regarding law-making, the Prime Minister said that this is the driving force, resource and competitiveness of the economy. Therefore, we must not only focus on management but also change our thinking to be linked to reality. If we cannot manage, we must not build a prohibition mechanism.

Assuming that in the field of project investment, the most difficult part is site clearance, resettlement, compensation, etc. The law must have appropriate policies to harmonize the interests of the people, businesses and the State.

Or in the mechanism of designated bidding, the Prime Minister said that it is necessary to boldly implement instead of bidding but in fact it is just legalization. The important thing is that designated bidding must be impartial, transparent, and officials dare to take responsibility for implementation.

Delegates discussed in groups.

PHOTO: GIA HAN

"The more pressure our people have, the more effort they make; the more difficulty they face, the more creativity they come up with."

Referring to the two-level local government, the Prime Minister assessed that it has achieved success, contributing to reorganizing the country, shifting from management to creation and serving the people.

However, with the 3-level local government apparatus and habits formed over the past 80 years, it is impossible to immediately meet all the set goals.

With the motto of not being perfectionist, not being hasty, but also not missing opportunities, the Prime Minister said that it is necessary to complete functions, tasks and powers and from there form a suitable apparatus, associated with building job positions, arranging staff and making appropriate policies.

Regarding growth promotion, the Prime Minister said that it is necessary to link it with the scale of the economy, sustainable development, macroeconomic stability, inflation control, ensuring major balances of the economy, debt repayment, revenue must be enough to cover expenditure, etc. Macroeconomic stability is also a driving force for growth.

Based on research from many countries such as Korea, Japan, and Singapore, the Prime Minister believes that there needs to be a breakthrough in growth, combining rapid and sustainable growth. Countries often grow at 9-10%, we must also achieve this level to shorten and ensure the two strategic goals.

Acknowledging that setting a high growth target is very difficult, the Prime Minister affirmed that we have room to do it. "Despite the pressure, we still have to set it to do it. The more pressure our people have, the more effort they make; the more difficult it is, the more innovations they come up with. If we are satisfied with an average growth rate of 6-7%, and that growth is good enough, then we can take it a little more slowly. But setting a growth target of 8% or more is creating pressure and effort," the Prime Minister emphasized.

According to the Prime Minister, the whole world must take growth as its goal because when there is growth, the size of the economy, per capita income, productivity will increase and thereby improve people's lives. Therefore, this has been calculated to ensure that by 2030 the size of the economy will reach 800 billion USD to nearly 1,000 billion USD, catching up with faster countries.

Source: https://thanhnien.vn/thu-tuong-tang-truong-cao-la-rat-kho-nhung-chung-ta-co-du-dia-de-lam-185251104183626995.htm