Prime Minister Phạm Minh Chính stressed the importance of economic cooperation for achieving 8% growth by 2025 and double-digit growth thereafter. He called for a focus on macroeconomic stability, strategic investments in infrastructure and human resources, and enhancing international trade relations. Continuous monitoring of market trends and timely adaptations to trade policies are crucial for maximizing growth potential and foreign investments.
On March 8, Prime Minister Phạm Minh Chính emphasized the critical role of economic cooperation in achieving an 8% growth target by 2025 and sustaining double-digit growth in subsequent years. During a government meeting aimed at evaluating economic challenges and setting strategic goals, he acknowledged the difficulties but stressed the importance of committing to national responsibilities.
PM Chính highlighted that while fostering economic growth, it is essential to maintain macroeconomic stability, control inflation, and secure significant economic balances. He outlined the importance of promoting social equity and environmental protection alongside economic tasks.
He called for enhanced collaboration among ministries, sectors, and localities to ensure a comprehensive and effective approach to economic policies. The focus should be on three strategic areas: improving institutions, upgrading infrastructure, and enhancing high-quality human resource training, along with renewing traditional growth drivers and encouraging new ones.
The Prime Minister urged stakeholders to expedite public investment disbursement, implement key national projects, and develop various infrastructure projects, such as financial centers and high-speed railways. Additionally, he advocated for transitioning towards a greener economy and bolstering the knowledge, circular, and sharing economies.
He stressed the importance of foreign economic cooperation in driving growth and stressed strengthening trade and investment ties with key partners, including China, the US, and Japan. Enhancing competitiveness, transparency, and resilience while promoting international integration were noted as vital components.
Continuously monitoring market trends to adapt to changes in economic policies from other nations is crucial. PM Chính also urged the maximization of benefits from existing free trade agreements and acceleration of negotiations for new ones to diversify trade relations and supply chains.
Further, he requested ministries and local authorities to address challenges related to foreign investment, thereby facilitating the growth and operations of foreign businesses in Vietnam. Timely resolution of work permit and visa issues was also underscored as a priority.
Prime Minister Phạm Minh Chính’s emphasis on economic cooperation highlights several strategic areas for achieving ambitious growth targets in Vietnam. Maintaining macroeconomic stability, bolstering infrastructure, and enhancing human resource quality are key components of the country’s economic framework. Strengthening international partnerships, addressing challenges for foreign investment, and maximizing the benefits of trade agreements are necessary steps for fostering sustained economic growth and deeper global integration.
Original Source: vietnamnews.vn
