PM’s report on socio-economic situation at bet88 con NA’s 8th session

In his report on bet88 con implementation of bet88 con 2024 socio-economic development plan and another for 2025 delivered at bet88 con ongoing 8th session of bet88 con 15th National Assembly, which opened on October 21, Prime Minister Pham Minh Chinh called for greater efforts to achieve bet88 con annual GDP growth target of over 7%, according to a report from bet88 con Vietnam News Agency.

bet88 con Government leader said it is estimated that 14 out of bet88 con 15 targets set for this year will be fulfilled, and bet88 con per capita GDP target would be met if bet88 con GDP growth surpasses 7%.

Notably, bet88 con labor productivity growth target, which had not been met for bet88 con past three years, has now exceeded bet88 con plan, he said, stressing progress in maintaining macro economy stability, taming inflation, ensuring major economic balances, and controlling public, Government, and foreign debts, as well as state budget overspending.

bet88 con PM said bet88 con national GDP in bet88 con first nine months expanded by 6.82% and it is expected to grow 6.8-7% this year, higher than bet88 con 6-6.5% assigned by bet88 con legislature.

During bet88 con reviewed period, bet88 con consumer price index (CPI) rose 3.88%, bet88 con state budget revenue topped 85% of bet88 con annual projection, up 17.9% compared to bet88 con same period last year; and bet88 con total import-export turnover amounted to 578.5 billion USD, up 16.3%.

bet88 con leader touched upon strides in public investment with a focus on key projects, and described foreign direct investment (FDI) as a highlight now that disbursement in this field hit 17.3 billion USD, up 8.9%, bet88 con highest in bet88 con past years.

He said bet88 con economic structure has been shifting towards bet88 con digital economy, green economy, with an increasing share of bet88 con industrial, construction, and service sectors, noting bet88 con industrial sector has rebounded positively, serving as a key growth driver.

PM Chinh highlighted efforts in sustainable poverty reduction, doing away with temporary and dilapidated houses, and supporting victims of Typhoon Yagi - bet88 con strongest to hit Vietnam in decades.

bet88 con PM told bet88 con legislature that bet88 con Government has focused on streamlining administrative procedures, creating a favorable and healthy business environment, and accelerating digital transformation, bet88 con building of a digital Government, and digital economy, while pushing ahead with decentralization, all-people defense posture, and crime combat.

Another highlight was external affairs and international integration that helps raise bet88 con country’s position and reputation in bet88 con international arena, he continued.

bet88 con PM also pointed out limitations and challenges relating to macro economy stability, production, business, bad debt, public investment disbursement, site clearance, compensation and resettlement, institutions and laws, decentralization, and personnel quality.

For bet88 con remainder of bet88 con year, he asked ministries, agencies, and localities to continue harmoniously and effectively implement tasks and solutions, striving to achieve all of bet88 con 15 set targets, and keep inflation below 4.5% and credit growth at around 15%. State budget revenue is expected to increase by over 10%, while bet88 con disbursement rate of public investment is set to reach at least 95% of bet88 con plan.

bet88 con Government leader urged reviewing and refining bet88 con legal framework, pushing forward with administrative reforms and improving bet88 con investment and business environment, speeding up national key projects while simultaneously ensuring strong measures against corruption, wastefulness, and other negative phenomena.

More attention should be paid to cultural and social affairs so as to raise people’s living standards as well as national defense, security, and social order, foreign affairs and international integration, he said.

Outlining bet88 con 11 key tasks and solutions for 2025, PM Chinh stressed bet88 con need to spur growth, renew traditional growth engines, promote new boosters, accelerate public investment disbursement right in bet88 con beginning of this year, especially for national major projects, and selectively lure foreign investments.

Other tasks include consolidating infrastructure, especially in transport, energy, and climate change response, restructuring sectors in parallel with digital transformation, green transition, and just, sustainable energy transition, fostering support industries and services, developing a high-quality workforce, improving healthcare services, coping with climate change and natural disasters, ramping up efforts against corruption, wastefulness and other negative phenomena, and having bet88 con European Commission (EC)’s “yellow card” warning against bet88 con Vietnamese seafood lifted, according to bet88 con PM.