Post by : Shakul

Le Minh Hung has reaffirmed the government’s determination to achieve double-digit economic growth while maintaining a strong foundation of macroeconomic stability during discussions at the National Assembly.

Speaking at a session involving the Hai Phong delegation, the Prime Minister emphasized the importance of aligning economic ambitions with stability, stating that growth should not come at the cost of financial imbalance or long-term risks.

He noted that National Assembly delegates had contributed valuable and diverse perspectives, reflecting public expectations and helping shape a comprehensive approach to socio-economic development. The government is also considering reforms to simplify reporting systems and integrate data for better transparency and efficiency.

The Prime Minister highlighted that achieving high growth will require major structural reforms and coordinated action across all sectors. He stressed the importance of reviewing legal frameworks, simplifying administrative procedures, and leveraging digital transformation to improve governance.

A key focus of the government’s strategy is the implementation of three strategic breakthroughs, including institutional reforms, infrastructure development, and the enhancement of human resource quality. These pillars are expected to drive sustainable growth in the coming years.

He further emphasized the need to unlock resources tied up in stalled projects, noting that resolving existing bottlenecks could significantly contribute to economic expansion without solely relying on new growth drivers.

The government also plans to increase investment levels significantly, aiming for total social investment to reach around 40% of GDP. However, the Prime Minister stressed that attracting private and foreign investment will depend on maintaining a transparent and stable legal environment.

Concluding his remarks, he reiterated that macroeconomic stability remains the foundation of all growth efforts. He warned against “overheating growth” and emphasized that sustainable development must balance expansion with economic stability and risk management.

#Asia News #Politics #China #Economy #Vietnam