HANOI: Vietnamese Prime Minister Pham Minh Chinh is instructing the investment ministry and other authorities to work on development scenarios and measures that will enable the country to attain “double-digit” growth in gross domestic product (GDP) next year.
Cities and provinces have been ordered to develop expansion plans aimed at reaching the national growth goal, while ministries must set targets in their assigned sectors to achieve the same, according to a government statement.
Plans must be submitted to the premier before Jan 3.
While the National Assembly has set a GDP growth target of 6.5%-7% for next year, Chinh said earlier this month that the government sees 2025 as “the year of acceleration” and would strive for about 8% growth.
Chinh urged officials to focus on disbursing public investment from the start of 2025 to create growth momentum, according to the statement.
Disbursements in the first eleven months of 2024 were at just 60.4% of what had been planned by the premier, according to a publication under the finance ministry. — Bloomberg
