Government resolution sets growth targets for sectors and localities in 2025

The resolution underscores the particular importance of 2025 as a critical year for accelerating progress, achieving breakthroughs, and meeting key goals. It marks the final year of the 2021-2025 five-year socio-economic development plan, a period of structural reforms to streamline government operations, and the lead-up to the 14th National Congress of the Communist Party of Vietnam. It is also a pivotal phase in preparing the country for a new era of prosperity, strength, and national advancement, in line with the 2021-2030 socio-economic development strategy.

Meanwhile, the global and regional landscape is forecast to be remain complex and unpredictable. The global economy continues to recover slowly, unevenly, and vulnerably, with rising risks. The Vietnamese economy is projected to maintain positive growth momentum, though challenges are likely to outweigh opportunities due to external pressures, internal constraints, and natural disasters such as storms, floods, droughts, and saltwater intrusion.

In this context, the government has set a national growth target of at least 8% for 2025 to lay a strong foundation for achieving double-digit growth in the 2026-2030 period. Ministers, heads of government agencies, and chairpersons of provincial and municipal People’s Committees are tasked with closely monitoring and assessing the implementation of the resolution’s targets.

It is essential to carefully track economic developments, coordinate effectively, and implement comprehensive, synchronized measures to ensure success. Leaders at all levels are urged to foster unity, adopt an innovative and breakthrough mindset, and show high determination, strong effort, and decisive action to achieve the growth targets outlined in the resolution.

Ministries and localities are required to quickly develop monthly and quarterly growth scenarios for their respective sectors. For GRDP (Gross Regional Domestic Product) growth targets, relevant agencies must work closely with statistical office to review 2024 GRDP data and formulate detailed projections for economic sectors and product-related tax adjustments on a quarterly basis to support leadership and decision-making. These growth scenarios must be submitted to the Ministry of Planning and Investment by February 2025 for consolidation and monitoring.

Government bodies are expected to take proactive measures within their jurisdiction and propose policy adjustments or solutions when necessary. Any issues beyond their authority should be reported to the Ministry of Planning and Investment for submission to the government and the Prime Minister to ensure timely resolution.

Ministries and local authorities must submit monthly and quarterly reports assessing progress, updating growth projections as needed, and proposing solutions to meet the set targets. These reports should be sent to the Ministry of Planning and Investment by the 25th of each month.

Provincial and municipal People’s Committees are directed to promptly assess resources, growth drivers, and new capacities for economic expansion. They must present their findings and implementation strategies to local People’s Councils by February 2025.

The Ministry of Planning and Investment is responsible for monitoring, and evaluating the implementation of the resolution and reporting to the government at its monthly meetings.

The Ministry of Information and Communications, in coordination with the Central Propaganda and Mass Mobilization Commission, as well as media agencies and relevant ministries, will lead efforts to disseminate and promote the resolution widely.

The Government Office is tasked with tracking and urging compliance with the resolution based on its assigned functions and responsibilities.