Minister of Planning and Investment: Maintain a 5% annual GDP growth target.
- 141
- Brand
- 23:21 16/10/2023
DNHN - Minister of Planning and Investment Nguyen Chi Dung emphasised that the Government will not adjust the GDP target for 2023 because the common spirit is the highest level of determination to achieve this year's goal
At the 27th meeting of the National Assembly Standing Committee, Minister of Planning and Investment (MPI) Nguyen Chi Dung stated, about the content of socio-economic development, that from the beginning of the 15th term to the present, the National Assembly has always accompanied and created the most favourable conditions for the Government.
In particular, the National Assembly not only eliminates institutional obstacles and hurdles but also creates favourable conditions for the Government's implementation, such as in the socioeconomic recovery process and policy mechanisms. There is currently timely and effective support.
The Government Report clearly states that GDP growth in 2023 is expected to reach approximately 5%, which, while lower than the target (approximately 6.5%), is still quite high compared to many countries around the world. territories and regions. The average consumer price index for the year is estimated to be approximately 3.5%, significantly lower than the target of approximately 4.5%.
![Minister of Planning and Investment (MPI) Nguyen Chi Dung. Minister of Planning and Investment (MPI) Nguyen Chi Dung.](https://media.doanhnghiephoinhap.vn/uploads/2023/10/16/new-shortcut-1697473237.jpg)
Regarding the plan's objectives and goals, the Report identifies the following as the primary objectives: There are 15 primary objectives in the socioeconomic and environmental fields. GDP per capita reaches approximately 4,700 - 4,730 USD; the proportion of processing and manufacturing industry in GDP reaches approximately 24.1%-24.2%; the average growth rate of the consumer price index (CPI) is 4-4.5%; the average growth rate of social labour productivity is 4.8%-5.0%...
About the 2023 GDP growth target of over 5%, the Minister of Planning and Investment stated that, in comparison to the global situation as a whole, this is an encouraging and commendable result. Minister Nguyen Chi Dung emphasised that the Government did not adjust the target because the highest level of determination to achieve this year's target is the common spirit and that the Government is concentrating on directing implementation.
Minister Nguyen Chi Dung disclosed that the government and ministries will strive to achieve the following significant objectives: growth rate and GDP per capita, proportion of industry and processing. generated in GDP or labour productivity, agricultural labour's proportion of total social labour.
During the meeting, Chairman of the National Assembly's Economic Committee Vu Hong Thanh stated that, due to the delayed impact of solutions from economic support policies that have been continuously implemented since the start of 2022, and with the close, timely, and scientific leadership and direction of the Central Government, the National Assembly and the National Assembly Standing Committee will strengthen close, timely, and effective supervision and coordination. The Standing Economic Committee concurs with numerous forecasts that economic growth in 2024 and 2025 will be stronger than in 2023.
According to the Resolution of the National Assembly, achieving an average growth rate of 6.5% to 7% for the period 2021-2025, which is higher than the average growth rate for the five years 2016-2020 (6.25%), is an extremely difficult task, especially in light of the extremely complex and unpredictable global situation.
In addition, achieving certain objectives, such as GDP per capita targets, the proportion of processing and manufacturing industries, the average social labour productivity growth rate, the urbanisation rate, the proportion of trained workers with degrees and certificates, and the health insurance participation rate, will be exceedingly difficult without more innovative solutions.
P.V (t/h)
Related news
- Vietnamese brands reaching international markets
- Hòa Phát Group leaders receive major pay hike during steel market crisis
- Apartment prices continue to rise far beyond workers' incomes
- Ho Chi Minh City: Economic recovery, yet the number of businesses exiting the market remains high
- General Secretary and President Tô Lâm: "Although it is a small and medium-sized business community, it is very large..."
- Practical applications of carbon credits in the economy. Part XI: Bridging policy and strategy for the carbon credit market
- Vietnamese users pay special attention to security when using OTT applications
- Is the gold price stabilization policy truly effective?
- Yen Bai: Implementing the plan to manage and eliminate ozone-depleting substances and greenhouse gases
- FPT's strategic expansion in Japan
- Mastering Real Estate Business Law to be ready for the next growth cycle
- The Vietnam Association of Small and Medium Enterprises honors an audience with the General Secretary and President Tô Lâm
- Practical applications of carbon credits in the economy. Part XIX: Training human resources - A strategic and urgent task for the carbon credit market
- Dr. Tran Xuan Luong: Real estate businesses lacking resources will be eliminated from the game
- "Vietnam's startup ecosystem in 2024 remains on a path of promising development"
- Export-import credit is entering a “busy season”
- Tight control on foreign borrowing, businesses face more difficulties
- Why is credit growth showing signs of slowing down?
- Bank interest rates increase: Market situation and new trends
- Untying the knot of accessing investment capital for Vietnamese startups
Đọc thêm Brand
Vietnamese brands reaching international markets
Although Vietnam is regarded as the new manufacturing hub as multinational companies implement the "China+1" strategy, very few domestic brands are known by foreign consumers.
Toyota holds the strongest brand health in Vietnam
Toyota possesses the strongest brand health in the automotive industry in Vietnam, according to the 2024 Automotive Brand Rankings recently released by Decision Lab.
GBA Oktoberfest 2024: Southeast Asia's largest beer festival returns to Hanoi, Danang and Ho Chi Minh City
The GBA Oktoberfest will officially return in September and October, celebrating German cuisine, craft beer, and vibrant traditions.
AK FOOD maintains “Ho Chi Minh City Green Enterprise” title for two consecutive years
AK FOOD was one of 98 enterprises honored at this ceremony and notably has maintained this title for two consecutive years.
Startup Selex Motors became the second electric vehicle brand to export abroad
According to the founder of Selex Motors, the plan to export abroad came earlier than expected, and in the future, Selex Motors also aims to develop other markets in Southeast Asia.
Vinschool opened two new school clusters in Hưng Yên and Phú Quốc
On August 15, Vinschool officially inaugurated two new school clusters, Vinschool Ocean Park 2 (Hưng Yên) and Vinschool Grand World (Phú Quốc), extending its mission of delivering world-class education across the nation.
Viettel successfully deployed the first standalone 5G network in Vietnam
Viettel's deployment of a standalone 5G network promises to offer a variety of attractive services for both individual and enterprise customers.
Vietnam's coffee chain market witnessed robust growth
According to statistics from Mibrand, Vietnam's coffee chain market is currently led by five major brands: Highland Coffee, Trung Nguyên e-coffee, The Coffee House, Phúc Long, and Katinat.
Vinamilk: The only FMCG enterprise in the Top 50 Listed Companies by FORBES Vietnam for 12 consecutive years
For 12 consecutive years, Vinamilk has maintained its position among the leading group in the Top 50 Best Listed Companies ranking. It is also the sole representative of both the dairy industry and the FMCG sector to hold this record.
The only bank in Vietnam to receive the "Green Award" from The Asian Banker
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) has made a significant mark on its journey toward green and sustainable development by winning the prestigious "Best Green Financing in Vietnam" award.