Prime Minister urges promotion of new growth drivers
Prime Minister Pham Minh Chinh (Photo: VNA) |
He requested tireless efforts to operate the monetary policy proactively, flexibly, promptly and effectively; combine it synchronously, harmoniously and closely with a reasonable expansionary fiscal policy and other macroeconomic policies.
Attention should be paid to speeding up the implementation of public investment projects and three National Target Programmes; fostering private investment and public-private partnership; selectively attracting FDI, and having support policies to attract capital in science and technology, and innovation, particularly semiconductor and artificial intelligence (AI). The Government leader urged enterprises to quickly and resolutely implement tasks to start work on the Lao Cai - Hanoi - Hai Phong railway project in 2025 and then the Lang Son - Hanoi route.
With the viewpoint of identifying institutional reform as "a breakthrough of breakthroughs", the Prime Minister asked for accelerating the improvement of institutions and laws, and administrative procedure reform; continue removing legal obstacles and promoting decentralisation; thoroughly fix the slow issuance of detailed regulations and documents guiding law enforcement; and soon issue a decree on the establishment, management, and use of a fund supporting investment in projects on developing high-quality human resources to serve high-tech development.
Chinh also emphasised the need to ensure social welfare and better people's living conditions; build a social security network covering people from all walks of life; ensure social progress and equality with no one left behind; and take drastic actions to carry out the emulation movement to do away with temporary and dilapidated houses nationwide by 2025.
More measures should be carried out to take the initiative in ensuring a balance between labour supply and demand, especially at industrial parks and in emerging industries; strengthen national defence and security; intensify the prevention and combat of corruption, wastefulness, and other negative phenomena; and improve the effectiveness of foreign affairs and international integration.
According to the Cabinet leader, last month, the Government focused on directing ministries, sectors and localities to implement conclusions of the Party Central Committee’s 10th session; address the consequences of storms and floods, especially Typhoon Yagi; and prepare for the National Assembly’s eighth session, and handle projects with poor performance.
Many international organisations and experts continue to appreciate the results and prospects of Vietnam's economy. Standard Chartered raised its forecast for Vietnam's GDP growth in 2024 from 6% to 6.8%, HSBC also adjusted its projection up from 6.5% to 7%; and the ASEAN+3 Macroeconomic Research Office (AMRO) predicted that in 2024 and 2025, Vietnam could have the highest growth among ASEAN+3 countries./.
See also
New policy drafted to help non-bank credit institutions develop further
17:13 | 12/11/2024 Policy
Việt Nam to stiffen regulations on violating social network platforms
16:23 | 12/11/2024 Policy
Party leader of Việt Nam holds phone talks with President-elect of US
08:55 | 12/11/2024 Policy
Vietnam affirms active, responsible role in APEC
15:56 | 11/11/2024 Policy
Additional policies on advertising by influencers proposed for the Advertising Law
17:25 | 09/11/2024 Policy
See more news
New regulations on mergers, consolidation of credit institutions proposed
09:25 | 08/11/2024 Policy
Vietnam gives top priority to relations with China: PM
16:43 | 07/11/2024 Policy
PM puts forth proposals to develop new-generation GMS economic corridors
14:59 | 07/11/2024 Policy
Vietnam proactively raises initiatives within CLMV
11:08 | 07/11/2024 Policy
Revised Pharmacy Law only fixes tip of iceberg
10:54 | 07/11/2024 Policy
Former Party, State leaders opine on draft documents for 14th National Party Congress
08:53 | 07/11/2024 Policy
Amendment to tax regulation on foreign suppliers proposed
09:13 | 06/11/2024 Policy
Lawmakers propose plans for State budget allocation
08:43 | 06/11/2024 Policy
Finance ministry proposes extending environmental tax cut on fuel products in 2025
16:47 | 05/11/2024 Policy
NA deputies call for solutions to ensure the feasibility of drug prevention and control programme
17:33 | 03/11/2024 Policy
Vietnam looks towards Net Zero goal in agriculture
17:25 | 12/11/2024 Environment
New policy drafted to help non-bank credit institutions develop further
17:13 | 12/11/2024 Policy
Quang Ninh to host 3rd Vietnam Int'l Digital Week next week
17:11 | 12/11/2024 Science - Technology
Social network users must authenticate accounts from December 25
17:10 | 12/11/2024 Society
Bình Thuận tourism aims for green, sustainable development
17:06 | 12/11/2024 Tourism
Multimedia
Vietnam’s national brand value reaches 507 billion USD in 2024
17:06 | 11/11/2024 Infographic
Vietnam-Chile Comprehensive Partnership
09:51 | 10/11/2024 Infographic
Vietnam manufacturing returns to expansion
13:31 | 09/11/2024 Infographic
Vietnam's key contributions to ACMECS
11:02 | 07/11/2024 Infographic
Vietnam’s role in GMS economic cooperation
09:20 | 06/11/2024 Infographic
New policy drafted to help non-bank credit institutions develop further
17:13 | 12/11/2024 Policy
Việt Nam to stiffen regulations on violating social network platforms
16:23 | 12/11/2024 Policy
Party leader of Việt Nam holds phone talks with President-elect of US
08:55 | 12/11/2024 Policy
Vietnam affirms active, responsible role in APEC
15:56 | 11/11/2024 Policy
Footwear industry eyes UKVFTA to bolster exports
10:00 | 11/11/2024 Industry
North-South express railway – driving force to spawn new support industries
17:09 | 08/11/2024 Support industries
Automotive support industry strives to become spare part supplier
09:34 | 08/11/2024 Support industries
Việt Nam’s auto industry strives to reach global recognition
08:58 | 08/11/2024 Industry
Bac Giang prioritises high-tech FDI projects, services industry
17:04 | 12/11/2024 FDI
Vietnam draws new wave of high-value investments: Savills
19:30 | 10/11/2024 Investment
Hanoi attracts 1.6 billion USD in FDI in ten months
15:18 | 07/11/2024 Investment
Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion
16:16 | 04/11/2024 Investment
S&P affirms Techcombank’s BB- rating
10:10 | 11/11/2024 Finance-Banking
Tax sector fulfils nearly 95% of state budget collection target
15:38 | 09/11/2024 Finance-Banking
Việt Nam's stock market moves closer to emerging market status amid key policy changes
18:05 | 06/11/2024 Stock Market
Krungsri proposes accelerating purchase of 50% of SHBFinance’s charter capital
15:46 | 05/11/2024 Finance-Banking
Vietnam looks towards Net Zero goal in agriculture
17:25 | 12/11/2024 Environment
Holistic approach needed to improve glass recycling
11:31 | 12/11/2024 Environment
Storm Toraji intensifies and moves northwest in East Sea
08:58 | 12/11/2024 Environment
Typhoon Yinxing weakens as it moves southwest
10:04 | 11/11/2024 Environment
Quang Ninh to host 3rd Vietnam Int'l Digital Week next week
17:11 | 12/11/2024 Science - Technology
Việt Nam's new fast track policies to boost high-tech investment environment set for approval
09:33 | 09/11/2024 Science - Technology
Practical innovations
09:15 | 06/11/2024 Science - Technology
Technology “key” to attract FDI
09:09 | 05/11/2024 Science - Technology
Social network users must authenticate accounts from December 25
17:10 | 12/11/2024 Society
Long Thanh Airport’s runways expected to be completed three months ahead of schedule
15:57 | 12/11/2024 Society
Specific policies proposed for North-South high-speed railway project
11:38 | 12/11/2024 Society
Bến Thành - Suối Tiên metro line operates at 100% capacity in trial run
09:04 | 12/11/2024 Society
Hà Nội to host large-scale international fair for key industrial products in 2025
16:54 | 12/11/2024 Vietnamese Brands
Agriculture, craft village festival to be held in Hà Nội
16:49 | 12/11/2024 Vietnamese Brands
Vietnamese Goods Week brings vibrant showcase to Thai province
10:16 | 08/11/2024 Vietnamese Brands
Sóc Trăng’s ST25 fragrant rice awarded 5-star OCOP rating
11:05 | 07/11/2024 Vietnamese Brands
Two Vietnamese artists nominated for Grammy Awards
17:02 | 12/11/2024 Culture
Great Solidarity of Ethnic Groups Week to take place next week
09:55 | 08/11/2024 Culture
Famous musical star Philip Quast to perform and share experiences in Hà Nội
09:40 | 06/11/2024 Culture
'Cải lương' guru performs in TV programme
09:34 | 06/11/2024 Culture
Bình Thuận tourism aims for green, sustainable development
17:06 | 12/11/2024 Tourism
Tuyen Quang Province promotes tourism in ethnic minority, mountainous areas
17:15 | 11/11/2024 Tourism
Vietnam remains RoK tourists’ favorite foreign destination
13:15 | 10/11/2024 Tourism
Cao Bang eyes new opportunities for cross-border tourism development
10:36 | 08/11/2024 Tourism