(MPI) - The National Assembly (NA) adopted a resolution on the socio-economic development plan for 2025 on November 12.

The National Assembly adopts a resolution on the socio-economic development plan for 2025. Photo: quochoi.vn

The resolution sets an objective that 2025 as a year of acceleration and breakthrough to achieve the highest results of the five-year socio-economic development plan for 2021 – 2025.

The priorities are continuing to promote growth on the basis of maintaining macroeconomic stability, controlling inflation, and ensuring the major balances of the economy. There will be a heightened focus on supplementing and perfecting the removal of obstacles in the legal system, essentially resolving the issues, backlogs, and complications related to institutions and the prolonged execution of organizations to best meet the requirements for innovation and breakthroughs for national development in new circumstances.

The implementation also involves restructuring industries and sectors substantially and effectively, associated with the renewal of the growth model, and improving productivity, quality, resilience, and competitiveness of the economy.

In addition, it also accelerates the progress, ensures quality, and soon completes the construction of strategic and important national infrastructure projects to effectively exploit new development spaces. Emphasising building hi-quality human resources, especially for priority and emerging industries and sectors; strongly promoting science, technology, innovation, digital transformation, green economy, digital economy, and circular economy linked with ensuring security and safety to promote development.

In the resolution, the NA asked to develop culture and society closely and harmoniously integrated with economic development; ensure social welfare, social security, and improve the people's living standards.

It is important to further intensify the reduction of administrative procedures, and improve the business investment environment; enhance substantial and effective decentralization and delegation of authority; continue to refine and re-organise the organizational structure to be lean, effective, and efficient; tighten discipline and order, and emphasize the responsibility of leaders.

The resolution targets the gross domestic product (GDP) growth rate of about 6.5-7.0%, asking for efforts to achieve 7 - 7.5%. GDP per capita is expected to reach about 4,900 USD, the proportion of the processing and manufacturing industry in the GDP at about 24.1%, and the consumer price index (CPI) increase at 4.5%.

Bao Linh

Ministry of Planning and Investment