Vietnam determined to realize economic recovery and development

(VOVWORLD) - Following  a recent government meeting with localities on ways to realize socio-economic targets this year, Prime Minister Pham Minh Chinh signed Resolution 01 on ways to realize socio-economic development tasks in 2022 focusing on economic recovery.

Vietnam determined to realize economic recovery and development - ảnh 1Prime Minister Pham Minh Chinh speaks at the government meeting with localities on ways to realize socio-economic targets this year.

The government says 2022 is the year to contain the pandemic, and recover and develop the economy while maintaining national sovereignty and political stability and ensuring people a peaceful and happy life.

Opportunities seized to boost socio-economic recovery and development

Under the Resolution, the government asks ministries, sectors, and localities to strengthen disciplines, uphold solidarity, promote innovation, and more effectively adapt to the pandemic with a special focus on implementing the Program on COVID-19 Prevention and Control and the Program on Socio-economic Recovery and Development 2022, two important, urgent tasks. The government stressed the importance of implementing coordinated measures to safely and flexibly adapt to and effectively control the pandemic, facilitate goods distribution, restore production, accelerate vaccination, and boost technology transfer, research, and production of vaccine and medicines domestically.

The government outlines 3 central tasks: recovering and promoting production and business; strengthening exports; and speeding up public investment disbursement and mobilizing resources to upgrade infrastructure, particularly strategic infrastructure while maintaining macro-economic stability, controlling inflation, and improving self-reliance, resilience, and adaptability of the national economy. It’s crucial to enhance economic restructuring and promote e-commerce, digital economy, and new businesses models based on the application of information technology and digital technology.

In Resolution 01, the government asked ministries, sectors and localities to tackle difficulties to completely disburse public investment capital, and restructure, recover and develop key industries. The government stressed the need to settle constrains, improve the business environment and national competitiveness, and increase labor productivity by 5.5%.

Resolution 01 manifests the government’s determination to recover and develop the economy this year.

Prime Minister Pham Minh Chinh said: "The government will do its utmost. Ministries, sectors, particularly Ministers need to proactively engage in this effort. We will work together for the common interests. The more complicated our tasks are, the more united we should be. With our joint efforts, we can make it."

Consensus of the whole system

Nguyen Van Nen, Secretary of HCM City’s Municipal Party Committee, says the city is ready to respond to the pandemic, improve its competitiveness, strengthen administrative reform, develop the economy, and build an urban government.                                                  

"The city aims to respond to the pandemic with mechanisms and policies that mobilize the public engagement. This year, we will continue to improve the performance of the local administration and the business environment, and help businesses overcome difficulties," said Mr. Nen.

One of the key tasks of the Ministry of Transport this year is to create breakthroughs in infrastructure investment. This year, 12 transport projects will be inaugurated. The industry and trade sector plans to boost trade promotion activities, optimize free trade agreements, increase exports, diversify the export market and export items.

Minister of Industry and Trade Nguyen Hong Dien said: "The industry and trade sector will be restructured based on technology, innovation, and achievements of the 4th Industrial Revolution. We aim to promote digital transformation, work closely with other ministries, sectors, and localities to reduce logistic service costs, facilitate trade to improve competitiveness, strengthen discipline, and improve efficiency and the leaders’ accountability."

The government targets a growth rate of 6 to 6.5% this year with GDP per capita of 3,900 USD.