On the morning of May 5, at the opening session of the 9th session of the 15th National Assembly, Prime Minister Pham Minh Chinh presented a supplementary assessment report on the results of the implementation of the 2024 socio-economic development plan and the implementation of the socio-economic development plan in the first months of 2025.

Regarding the additional assessment of the 2024 results, the Prime Minister said that the comments and results of 2024 reported to the National Assembly at the previous session were basically consistent and had many better targets; all 15/15 main targets were achieved and exceeded, of which 12 targets exceeded the set targets. Notably, the target of increasing labor productivity exceeded the set plan, after 3 years of not achieving it.

Macroeconomic stability, major balances of the economy are ensured; deficit and public debt are well controlled. The economy recovers strongly, GDP growth rate reaches 7.09% (reported to the National Assembly as 6.8-7%), the highest in the region and among the group with high growth rates in the world; raising the size of the economy to 476.3 billion USD, up 3 places, reaching 32nd place in the world. GDP per capita in 2024 reaches 4,700 USD, approaching the upper middle-income threshold. Inflation is controlled at 3.63%; the money and foreign exchange markets are basically stable, lending interest rates continue to decrease. State budget revenue reaches a record of over 2 million billion VND, up 20.1% compared to the estimate, exceeding 342,700 billion VND; while exempting, reducing, and extending 197,300 billion VND in taxes, fees, charges, and land rents.

Traditional growth drivers have all been effective. Development investment has achieved positive results; public investment disbursement is 132,000 billion VND higher than the same period; Vietnam is among the 15 developing countries attracting the largest FDI in the world; realized FDI capital reached a record 25.4 billion USD (up 2.4 billion USD compared to the reported number). Total retail sales of goods and consumer service revenue increased by 9%; international visitors increased sharply (39.5%). Trade surplus of 24.8 billion USD and successfully opened up potential markets in the Middle East and Africa. Exploiting new growth drivers well. Strong digital transformation with Project 06 as a bright spot. E-commerce has the leading growth rate in the region, up 20%. Many projects and investment cooperation in emerging fields have been implemented, creating good spillover. The 2024 Global Innovation Index rose 2 places to 44/133. The national brand value reached 507 billion USD, up 1 place, ranking 32nd in the world.

Three strategic breakthroughs are focused on implementing drastically, synchronously and effectively. Innovation in thinking and working methods in the work of building and perfecting institutions. In 2024, the Government organized 11 thematic meetings on law-making; submitted to the National Assembly for consideration and approval of the largest volume of legislative tasks since the beginning of the term with 28 laws, 24 resolutions, and gave initial opinions on 19 draft laws, contributing to removing bottlenecks and clearing resources for development. Administrative procedures were cut, simplified, and compliance costs were reduced for people and businesses. The infrastructure system had a breakthrough, especially traffic and telecommunications infrastructure, creating new space and development opportunities, strengthening connectivity, reducing logistics costs, and improving national and business competitiveness. The Project on Human Resource Development for the Semiconductor Industry was promoted with the positive response of many prestigious universities and research institutes in the country and around the world.

Social security, security, safety and security are ensured with the spirit of "leaving no one behind". People's lives are improved; focus on effectively overcoming storm Yagi; the poverty rate continues to decrease, especially in ethnic minority areas, remote areas, border areas and islands. Social housing construction has achieved positive results; in 2024, support was provided to eliminate over 76,000 temporary and dilapidated houses. National defense, security, social order and safety are strengthened; national sovereignty is maintained; foreign affairs and international integration are promoted and promoted effectively.

According to the Prime Minister, in the context of many difficulties, the results achieved in 2024 are very valuable, proud, better than in 2023 in most areas, especially maintaining "warm inside, peaceful outside", highly appreciated by the people of the whole country and the international community; creating momentum for reform, creating development force, creating a vibrant atmosphere and creating strong trust of the people in the leadership of the Party.

Highest first quarter growth in 2020-2025 period

Regarding the implementation of the Socio-Economic Development Plan in the first months of 2025, the Prime Minister said that since the beginning of the year, the world situation has had many new developments that are extremely complicated and unpredictable. In particular, the US's sudden announcement of a high-level reciprocal tax policy on a large scale, including Vietnam, has negatively impacted global economic growth, seriously threatening the supply chain and international trade and investment flows. Traditional and non-traditional security issues are increasingly fierce and difficult to control.

In that context, implementing the resolutions and conclusions of the Central Committee, the National Assembly, and the direction of General Secretary To Lam, with the spirit of "Discipline, responsibility; proactiveness, timeliness; streamlining and efficiency; accelerating breakthroughs", the Government and the Prime Minister focused on directing ministries, branches and localities to synchronously, drastically and effectively deploy tasks and solutions in all fields.

The focus is on streamlining and reorganizing the apparatus to ensure smooth operations; focusing on promoting growth with a target of 8% or more; innovating the work of building and implementing laws, including submitting to the Politburo and the National Assembly for approval many breakthrough mechanisms and policies; working with many localities to remove difficulties and promote socio-economic development; inspecting and urging important and key national infrastructure projects and works, determined to complete them as soon as possible, with the highest quality and without exceeding capital.

In particular, when the United States announced its new tariff policy, we were calm, courageous, proactive, and synchronously implemented many timely, flexible, and appropriate response measures, achieving initial positive results; Vietnam is one of the first countries with which the United States agreed to negotiate. Implementing the direction of the Politburo and General Secretary To Lam, the Government and the Prime Minister have been closely directing the negotiating team and ministries and agencies to monitor the situation, urgently complete the plan, and be ready to negotiate with the United States in the spirit of "harmonized benefits - shared risks".

Results achieved in the first months of 2025, the Prime Minister said, GDP growth in the first quarter of 2025 is estimated at 6.93%, the highest compared to the same period in the 2020-2025 period; many localities have double-digit growth. In the first 4 months of the year, the macro economy was basically stable, inflation was well controlled, major balances were ensured. Exchange rates were stable; lending interest rates continued to decrease, credit growth was positive. The average consumer price index was at 3.2%, creating room for flexible and effective management of macro policies. State budget revenue in the first 4 months reached over 944,000 billion VND, equal to 48% of the year's estimate and increased by 26.3%; total import-export turnover is estimated at over 275 billion USD, up 15%, trade surplus of over 5 billion USD; ensuring domestic food security and exporting 3.4 million tons of rice; Realized FDI capital reached over 6.7 billion USD, the highest in the 2020-2025 period, showing that Vietnam continues to be an attractive destination for international investors.

All three economic sectors grew positively. Agricultural production maintained its growth momentum. Industry flourished, especially the processing and manufacturing industry, which grew at a double-digit rate (10.1%); electricity and petroleum for production, business and consumption were ensured. Trade and services continued to develop. Total retail sales of goods and consumer service revenue increased by nearly 10%; e-commerce grew strongly. Tourism was a bright spot, attracting nearly 7.7 million international visitors, the highest ever, up 23.8% over the same period.

Socio-economic infrastructure is developed in a synchronous and modern direction, prioritizing key and important projects on highways, high-speed railways, airports, seaports, educational, medical and social infrastructure... Simultaneously starting and inaugurating 80 key works and projects, strategic infrastructure to celebrate the 50th anniversary of the Liberation of the South and National Reunification, putting into operation Tan Son Nhat T3 terminal and opening the main route of 5 component projects of the North-South Expressway...

Strongly implementing Resolution No. 57-NQ/TW of the Politburo; in which the Government submitted to the National Assembly 13 important draft laws and prioritized the allocation of resources to create breakthroughs in science, technology, innovation and national digital transformation. Online public services were enhanced; pilot investment in satellite internet services was approved; upgrading 5G infrastructure and the national telecommunications axis. Deploying Project 06 brought many substantive results; providing many applications and utilities to serve people and businesses. Digital transformation in tax management and electronic invoices generated from cash registers were implemented drastically and effectively.

Regarding culture, society and environment, social security policies, care for people with revolutionary contributions, and poverty reduction have been effectively implemented; the material and spiritual life of the people has been improved. Timely visit, encourage and support people to celebrate a joyful, safe, healthy, warm and meaningful Tet, so that everyone and every family can have Tet. Organize early payment of pensions and social insurance benefits for May 2025.

Credit packages with preferential interest rates are being actively implemented for consumer loans and social housing purchases for young people, the poor, and low-income people. The emulation movement of the whole country joining hands to eliminate temporary and dilapidated houses has been spreading strongly across the country with the motto "whoever has something helps, whoever has merit helps merit, whoever has property helps property, whoever has a lot helps a lot, whoever has little helps a little".

Resource management, environmental protection, natural disaster prevention and control, and climate change response are enhanced. Labor and employment recover positively; the connection between labor supply and demand is strengthened; workers' income increases. Vietnam's happiness index in 2025 is ranked 46/143, up 8 places compared to 2024.

Focus on developing high-quality human resources, especially in the fields of basic science, chips, semiconductors, microcircuits, engineering and high technology, and key technologies. Education and training continue to be innovated; expand the implementation of digital transcripts, strengthen the management of extra teaching and learning, and make English the second language in schools...

Public health care, primary health care, and preventive medicine continue to receive investment attention; effective and timely response and prevention of infectious diseases. Electronic health records and electronic medical records are strongly promoted in all provinces and centrally run cities. Vaccines for the Expanded Immunization Program are basically guaranteed; many advanced medical techniques are mastered and deployed.

The cultural and entertainment industries have shown positive signs of development with many unique and creative cultural products and activities of the youth. The country's major anniversaries and traditional festivals are solemnly and meaningfully organized, such as the 95th anniversary of the founding of the Communist Party of Vietnam, the Hung Kings' death anniversary, etc.; successfully organizing military parades, marches and many national events to celebrate the 50th anniversary of the Liberation of the South, the reunification of the country in a safe, joyful and healthy manner, affirming the heroic history of the nation, strongly fostering the spirit of patriotism, deeply expressing gratitude to revolutionary generations, and consolidating the great national unity bloc.

The work of building and perfecting institutions has completed a large amount of work in a short time, and the quality has been improved. At the 9th extraordinary session, the Government submitted to the National Assembly for approval 3 important laws. At this session, the Government submitted to the National Assembly the largest number of laws and resolutions ever at a session (44 draft laws and resolutions); including many important contents with "pioneering" nature, such as developing science and technology, developing the private economy, one law amending many laws in the financial sector, resolutions on policies on building and implementing laws, special mechanisms and policies for legal workers..., meeting practical requirements, creating new development momentum. Actively promulgating detailed implementation documents; proactively reviewing, amending and supplementing many regulations to promote production and business, removing difficulties and obstacles for people and businesses.

Implementing the resolutions and conclusions of the Central Committee, the Politburo, the Secretariat, the Government and the Prime Minister, the Government has resolutely deployed the arrangement and streamlining of the Government and local government apparatus, ensuring synchronization, unity, smoothness, efficiency, without interruption or impact on the operations of agencies, organizations, businesses and people. The arrangement and streamlining of the Government apparatus has been completed to 14 ministries and 3 ministerial-level agencies (reducing 8 ministries, ministerial-level agencies, and agencies under the Government); at the same time, the arrangement and reorganization of administrative units at all levels and the construction of a 2-level local government organization model have been quickly, resolutely and effectively deployed.

Promote decentralization, delegation of power, reform of administrative procedures, improve the investment and business environment, reduce compliance costs, create favorable conditions for people, businesses, foreigners and foreign experts. Strictly implement the Work Program and Conclusion of the Central Steering Committee on preventing and combating corruption, waste and negativity; focus on perfecting institutions and solutions to prevent corruption; strengthen inspection, examination and implementation of inspection conclusions; promote settlement of complaints and denunciations and reception of citizens.

The work of preventing and combating waste has received special attention and achieved positive results, especially in handling backlogged and prolonged projects that have caused loss and waste of resources; in which, the Government has completed the review and is proposing to the Politburo and the National Assembly to remove obstacles for over 2,200 projects with a total capital of nearly 5.9 million billion VND (equivalent to about 235 billion USD) and a total land use scale of about 347,000 hectares.

Regarding national defense, security, and foreign affairs, effectively implement military and defense guidelines, strategies, and policies. Timely, flexibly, and effectively handle situations, avoid being passive or surprised, and firmly protect independence, sovereignty, and territorial integrity. National defense and security potential is consolidated and enhanced. Social order and safety are maintained; absolutely protect the security and safety of Party and State leaders' activities and important events of the country. The fight against crime, especially high-tech crimes, online fraud, drugs, counterfeit goods, etc., has achieved positive results; traffic accidents have decreased in all three criteria. Excellently completed the work of supporting and overcoming the consequences of the earthquake in Myanmar.

Foreign affairs and international integration have been implemented synchronously and comprehensively, contributing to maintaining a peaceful and stable environment and a favorable foreign situation for development. Many high-level foreign affairs activities have been effectively implemented. Elevating multilateral foreign affairs; successfully organizing the 4th Summit of the Partnership for Green Growth and the Global Goals 2030 (P4G) and the Future of ASEAN Conference, demonstrating Vietnam's international responsibility, new position, new mindset and leading role. People's foreign affairs and citizen protection continue to be effectively implemented.

Besides the results, the Government's report also pointed out the limitations and shortcomings that need to be handled more drastically and effectively.

According to the Prime Minister, the reasons for the results achieved are: The correct and timely leadership of the Central Executive Committee, which is regularly, directly and closely led by the Politburo and the Secretariat, headed by General Secretary To Lam; the coordination, accompaniment and supervision of the National Assembly; the participation of agencies in the political system; the correct, drastic, practical and effective management and operation of the Government, the Prime Minister, ministries, branches and localities; the support, trust and active participation of the people, the business community and the cooperation and assistance of international friends.

The main causes of the limitations and shortcomings are the rapid, complex, and unpredictable changes in the world situation, with many unprecedented developments that exceed forecasts, creating great pressure on the direction and management work, especially the macro economy. Our country is still a developing country, the economy is in transition, the scale is still modest, and it has a large openness, while the internal capacity is still low, the ability to withstand external shocks and competitiveness are not high. The long-standing shortcomings and weaknesses of the economy are more clearly revealed in difficult conditions. The work of analysis, forecasting and policy response is sometimes not timely and effective. A number of cadres and civil servants have not met the requirements, are not resolute and thorough, are still insensitive, evasive, pushy, and afraid of responsibility.

The Prime Minister emphasized five important lessons learned:

Firstly , closely follow the resolutions and conclusions of the Party, the National Assembly and the direction and administration of the Government and the Prime Minister.

Second , strengthen solidarity and unity. Do not back down in the face of difficulties; be steadfast in achieving the set goals but with higher determination, greater efforts, and drastic actions in management, operation, and implementation.

Third, grasp the situation, respond proactively, promptly, flexibly, feasiblely, and effectively with policies; look far ahead, think deeply, and do big things; save time; value intelligence; and make timely decisions. Assign tasks to ensure "clear people, clear work, clear responsibility, clear authority, clear time, and clear results".

Fourth , promote decentralization and delegation of power along with resource allocation, improve implementation capacity at all levels, strengthen inspection, supervision, urging, encouragement, rewards, and timely and appropriate disciplinary action.

Fifth , focus on removing barriers and bottlenecks; resolutely cut cumbersome administrative procedures, reduce costs and compliance time for people and businesses; create a favorable, fair, open, transparent and equal investment and business environment.

Ha Van

Source: https://baochinhphu.vn/thu-tuong-ra-soat-de-xuat-thao-go-cho-2200-du-an-voi-tong-von-235-ty-usd-102250505111525332.htm