Supplementation to the Plan for socio-economic development in 2025 with the objective of achieving a growth rate of 8% or higher in Vietnam

Supplementation to the Plan for socio-economic development in 2025 with the objective of achieving a growth rate of 8% or higher in Vietnam​ (Image from the Internet)

The National Assembly passed Resolution 192/2025/QH15 on February 19, 2025, which supplements the Plan for socio-economic development in 2025 with the objective of achieving a growth rate of 8% or higher.

Supplementation to the Plan for socio-economic development in 2025 with the objective of achieving a growth rate of 8% or higher in Vietnam

The National Assembly generally agrees with the tasks and solutions proposed by the Government of Vietnam and the agencies of the National Assembly, and at the same time, requests the Government of Vietnam and the related agencies to focus on implementing the following tasks and solutions:

* Promote the completion of the legal, institutional framework and improve the efficiency of law enforcement

Innovate the legal building mindset towards “both strict management and development creation,” moving away from the mindset of "if it can't be managed, it's forbidden"; emphasize the "management by results" method, shift strongly from "pre-control" to "post-control" associated with enhanced inspection and supervision.

Create a favorable environment for investment, business production, science and technology development, innovation, promote digital transformation, focus on reviewing, and soon amend the Enterprise Law, Investment Law, Public-Private Partnership Investment Law, Bidding Law, and the Law on Management and Use of State Capital Invested in Enterprises. Actively and urgently build legal corridors, incentive mechanisms for new issues, high-tech projects, large projects, new trends, digital transformation, green growth, and circular economy; soon enact the Law on Science, Technology, and Innovation, amended Atomic Energy Law; quickly establish a legal framework scheme for the development of smart production, smart factory models, smart management models, the National Program on Strategic Technology and Industry Development.

Continue to complete the legal framework to promote the rapid, healthy, and efficient development of all types of markets (finance, securities, science, technology, labor, real estate...). Review to expand the scope, subjects, and locations, apply some particularly piloted mechanisms and policies already permitted by the National Assembly in 10 localities and effectively applied. Develop special policies for the development of potential economic zones such as Van Don, Van Phong, border economic zones, and regions per the Politburo's Resolutions.

Promptly implement laws, resolutions of the National Assembly that have been passed, especially documents regarding the arrangement of agency organizations, ensuring continuity and efficiency; complete regulations on the organizational apparatus, promote decentralization, and delegation to implement a revolution in organizing the apparatus towards thinning, compactness, strength, performance, effectiveness, efficiency. Immediately promulgate strong enough mechanisms and policies, specific, transparent legal regulations to overcome the state of pushing, avoidance, lack of responsibility in public service execution, create a creative space, encourage, protect cadres who dare to innovate, dare to think, dare to do, dare to take responsibility for common benefits, not self-seeking; strengthen inspection, urging to regularly supervise, promptly correct, rectify violations, defects, and lack of accountability.

* Focus resources on completing strategic, synchronized, modern infrastructure; clear and effectively use public investment resources

In 2025, basically complete Long Thanh International Airport, the ports in the Lach Huyen area, put into operation Terminal T3 Tan Son Nhat, T2 Noi Bai; start constructing Lien Chieu port; accelerate investment preparation procedures for strategic traffic infrastructure projects of national importance. Supplement approximately 84.3 trillion VND in public investment capital from increased revenue, savings from state budget spending in 2024 to expedite the implementation of projects capable of absorbing capital (expressways, coastal roads...) in 2025.

Thoroughly save expenditure; strive to save an additional 10% of regular additional expenditure estimates in 2025 compared to the 2024 estimate and increased state budget revenues in 2024 for investment in the Lao Cai - Hanoi - Hai Phong railway line; take advantage of public debt space, state budget deficit to mobilize, supplement resources for development.

Accelerate the implementation of national target programs; among them, promptly complete investment procedures for the national target program on cultural development for the 2025-2035 period for immediate implementation in 2025.

Accelerate the disbursement of public investment capital, strive for a 95% nationwide disbursement rate in 2025; supplement, apply special, particularly specific mechanisms, policies for large-scale, focal projects. If necessary, adjust the state budget deficit from 4% to 4.5% of GDP to mobilize resources for development investment; public debt, Government debt, and national foreign debt may reach, even exceed, the warning threshold of about 5% of GDP.

More details can be found in Resolution 192/2025/QH15 on February 19, 2025.

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