From a solid foundation to aspiration for comprehensive and confident economic growth

(Chinhphu.vn) - The Government's report shows a comprehensive and bright picture of Vietnam's socio-economic situation in the 2021-2025 period. Despite the pandemic and many international fluctuations, the economy still maintains strong growth momentum, affirming the Government's mettle, vision and outstanding management capacity.

Associate Professor, Dr. Nguyen Thuong Lang, Institute of International Trade and Economics , National Economics University - Photo: VGP/HT

Associate Professor Dr. Nguyen Thuong Lang, Institute of International Trade and Economics, National Economics University, commented that the Prime Minister 's Report on socio-economic development, national defense and security has comprehensively, deeply and vividly reflected the country's picture after 5 years of implementing key tasks in a challenging context.

Having gone through a period of turmoil due to the COVID-19 pandemic and the complexity of the international situation, Vietnam has maintained macroeconomic stability, demonstrating its mettle and steadfastness in its strategic development goals. According to him, the most notable highlight is the average GDP growth rate of 6.6% in the 5 years 2021-2025, higher than the 2016-2020 period (6.5%). This figure clearly demonstrates the resilience and strong recovery of the economy, while reinforcing the belief that growth in 2025 will reach at least 8% and aim for 10% from 2026.

This is an optimistic signal, creating strong confidence for the business community, domestic and foreign investors as well as the whole society. According to Associate Professor, Dr. Lang, this result also shows the close, timely and effective management capacity of the head of the Government , contributing to enhancing the prestige and international position of Vietnam.

Along with GDP growth, total export turnover is likely to exceed the 900 billion USD mark, while FDI capital flows remain high, demonstrating the economy's deep integration capacity. This affirms that Vietnam is effectively exploiting international commitments and making good use of opportunities from the global value chain, opening up new development space.

Notably, all 15 basic development targets have been achieved and exceeded, reflecting the stable and balanced operation of the economy. Vietnam is like a "big machine" operating smoothly, creating a solid momentum for take-off in the coming period.

Another special mark is the completion of a series of large-scale strategic infrastructure projects. Thousands of kilometers of highways have been put into use, the 500kV line 3 connecting Quang Trach - Pho Noi has been completed, the world's leading modern National Exhibition Center has been put into operation, Long Thanh airport is preparing for exploitation and the North - South high-speed railway project is being vigorously promoted.

These key projects not only promote public investment and attract private capital but also create a spillover effect, directly serving the socio-economic development process. According to Associate Professor, Dr. Lang, each completed mega-project is a testament to the Government's determination and strategic vision in creating new growth drivers.

In addition, handling thousands of backlogged and slow-to-implement projects over the past years has contributed to eliminating waste, freeing up development resources and creating conditions to mobilize more investment capital for the economy.

The government also continues to emphasize innovation and consolidation of traditional growth drivers such as public investment, foreign investment, private investment, while promoting consumption and exports. At the same time, new growth drivers are taking shape strongly: Digital transformation, green transformation, circular economy, sharing economy, semiconductor industry development, artificial intelligence, cross-border e-commerce and crypto asset market.

These factors will help increase aggregate demand, expand aggregate supply, and contribute to shifting the economy to a new state of development – ​​more dynamic, creative, and sustainable.

In the field of human resources, the Government aims to train 100,000 AI engineers, while promoting education and training reforms to meet the requirements of the high-tech era. The timely concretization of Party Resolutions through administrative procedure reform, the removal of thousands of inappropriate regulations, reduction of regular expenditures and increased investment in education, social security and cutting-edge technology shows a strong determination in building a knowledge-based economy.

"When the entire political system is united, the country is converging all the "heavenly time, favorable terrain, and favorable people" to make a breakthrough. The synergy between legislative, executive, and judicial agencies, the business community, and the people, together with the belief in the leadership of the Party and the Government, is opening a new era of development - an era in which Vietnam rises strongly, confidently, and integrates deeply into the global economy," Associate Professor, Dr. Nguyen Thuong Lang emphasized.

Mr. Minh

Source: https://baochinhphu.vn/tu-nen-tang-vung-chac-den-khat-vong-tang-truong-kinh-te-toan-dien-va-tu-tin-102251020194732353.htm