Prime Minister Phạm Minh Chính emphasized the importance of economic cooperation for achieving targeted economic growth of 8% by 2025. He stressed the need for stability, strategic improvements in various sectors, and strengthening international partnerships, particularly with key countries. The government is urged to enhance competitiveness and transparently respond to market developments while maximizing the benefits of free trade agreements.
On March 8, Prime Minister Phạm Minh Chính emphasized the necessity of bolstering economic cooperation to achieve an 8% economic growth target by 2025, with aspirations for double-digit growth in subsequent years. During a government meeting focused on assessing both regional and global economic conditions, he acknowledged the immense challenges involved but reaffirmed that these objectives are both vital and a sincere commitment to the nation.
The Prime Minister stated that while promoting growth is essential, it is equally important to maintain macroeconomic stability, control inflation, and ensure social equity, welfare, and environmental protection. He directed ministries and localities to work in close collaboration to implement strategies thoroughly across all sectors.
Three strategic areas were highlighted for breakthroughs: improving institutional frameworks, enhancing infrastructure, and advancing high-quality human resource training. He also urged the revitalization of traditional growth engines, such as investment, exports, and consumption, while fostering new avenues for growth.
PM Chính called for accelerated disbursement of public investments, along with the execution of significant national projects, including the establishment of financial centers, free trade zones, and various infrastructure developments. He noted the importance of transitioning to a greener growth model, embracing knowledge and circular economies, and supporting emerging industries like semiconductors and artificial intelligence.
The Prime Minister underscored the essential role of foreign economic cooperation in stimulating growth. He urged the government to prioritize strengthening economic and trade partnerships with key global players such as China, the United States, Europe, Japan, and South Korea. Additionally, he stressed the enhancement of the economy’s competitiveness and transparency through effective international integration.
In conclusion, Prime Minister Phạm Minh Chính’s call for strengthened economic cooperation is a strategic response to both current challenges and future growth ambitions. By focusing on institutional improvement, infrastructure development, and high-quality workforce training, along with fostering foreign partnerships, Việt Nam aims to create a resilient and competitive economy. This holistic approach ensures the fulfillment of ambitious growth targets while addressing key social and environmental responsibilities.
Original Source: vietnamnews.vn
