Specifically, Hanoi and Ho Chi Minh City must strive to achieve a growth rate of around 8-10 per cent, the prime minister said in a despatch.
Prime Minister Pham Minh Chinh has urged Vietnamese officials for concerted efforts to achieve a GDP growth rate of at least 8 per cent in 2025, higher than the National Assembly’s 6.5-per cent target.
The focus will be to stabilise the macro-economy, control inflation and ensure major balances.
He called for a green transition, a hike in disbursement and a rise in efficiency of public investment.
The focus will be to stabilise the macro-economy, control inflation and ensure major balances.
The prime minister also asked for efforts to renew traditional growth drivers, including investment, consumption and exports, a domestic news agency reported.
He called for a green transition; a hike in disbursement and a rise in efficiency of public investment; digital transformation; a circular economy and promotion of new industries like semiconductor, artificial intelligence, cloud computing and Internet of Things.
A sandbox for circular economy will be submitted to the government in the first quarter next year. The country will also issue a green taxonomy to promote green transition.
Strategic infrastructure systems, including the North-South high-speed railway, urban railways in Hanoi and HCM City, railways connected with China and the Long Thanh International Airport in the southern province of Dong Nai, will be strengthened.
Efforts are also needed to speed up the resumption of nuclear power plants, the construction of international financial centres in HCM City and Da Nang and the foundation of free trade zones in several localities, the prime minister’s despatch said.
Fibre2Fashion News Desk (DS)
