Gov’t identifies three focal tasks to fuel economic development

The Government has identified three focal tasks for economic development in 2022, noting that it will capitalise on every opportunity to promote socio-economic recovery and development nationwide, maintain long-term growth momentum, and make use of new and sustainable drivers.

At a teleconference between the Government and localities on January 5, Deputy Prime Minister Le Minh Khai, on behalf of the Cabinet, presented its draft resolution on the key tasks and solutions for implementing the socio-economic development and State budget plans in 2022.

Among the three main tasks, the first is to revive and promote production and business activities, step up export, accelerate public investment disbursement, and encourage public - private partnership for infrastructure development, especially strategic infrastructure facilities.

The second is to persistently maintain macro-economic stability, control inflation, and improve the economy’s self-reliance, resilience, and adaptability.

The third is to boost substantive and effective economic restructuring; develop e-commerce, the digital economy, and new business models applying information and digital technology; and deal with outstanding problems that have lasted for years, according to Khai.

He noted that to do so, the Government has devised several measures, including drastically and concurrently implementing the overall programme on COVID-19 prevention and control and the one on socio-economic recovery and development in order to achieve a GDP growth rate of 6 - 6.5%.

It will also use monetary, fiscal, and other macro-economic policies in a flexible way to sustain macro-economic stability, control inflation, and guarantee major balances of the economy. Besides, it will stimulate domestic consumption, sustainably develop export and import, effectively mobilise resources for socio-economic recovery and development, and make use of public investment to attract non-State resources.