u88 PM urges timely allocation of state investment funds
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PM urges timely allocation of state investment funds Your browser does not support the audio element. Prime Minister Pham Minh Chinh has instructed ministries, agencies, and localities to finalize the allocation of the 2025 state investment plan by March 15, warning that unallocated funds will be withdrawn and reassigned to high-priority projects. PM Chinh stressed the importance of expediting fund distribution to accelerate projects' progress__Photo: VNAPrime Minister Pham Minh Chinh has instructed ministries, agencies, and localities to finalize the allocation of the 2025 state investment plan by March 15, warning that unallocated funds will be withdrawn and reassigned to high-priority projects.Chairing the Government’s February meeting, PM Chinh stressed the importance of expediting fund distribution to accelerate projects' progress, Minister-Chairman of the Government Office Tran Van Son said at a press conference on March 5.Son noted that Vietnam’s socio-economic situation in the first two months of 2025 has been highly positive, with macroeconomic stability maintained, inflation under control, and key economic balances ensured.The consumer price Index in the period increased by 3.27 percent compared to the same period in 2024. State budget revenue reached 25.4 percent of the annual estimate, up 25.7 percent. The export-import turnover grew by 12 percent, with a trade surplus of USD 1.47 billion. Foreign direct investment reached over USD 6.9 billion, a rise of 35.5 percent, while FDI disbursement hit nearly USD 3 billion, up 5.4 percent.Industrial production has seen strong growth, with the index of industrial production up 16.7 percent in February and 7 percent in the two-month period.Disbursement of public investment capital amounted to 60.4 trillion VND, equivalent to the same period in 2024, reaching 7.32 percent of the planned allocation.Additionally, Vietnam successfully hosted the ASEAN Future Forum 2025 and other high-level diplomatic events, further enhancing its international standing. Many global institutions remain optimistic about Vietnam’s economic outlook for 2025.Challenges key prioritiesDespite these achievements, the PM and Government members also acknowledged various challenges and shortcomings, including complicated and unpredictable international developments that have continued to impact Vietnam’s economy. Institutional and legal bottlenecks are still a major obstacle to economic growth. Accessing capital and mobilizing resources and accessing credit remains challenging, along with slow domestic demand recovery.The Government leader outlined major tasks and urgent priorities, emphasizing the goal of achieving a GDP growth rate of at least 8 percent in 2025.He underscored the importance of the implementation of an active, flexible, timely, and effective monetary policy in harmony with an appropriate expansionary fiscal policy.Public investment should be accelerated along with fine-tuning government bond issuance plans to secure additional capital for national key projects. Efforts should be made to increase revenue, cut down expenses and reduce taxes, fees and charges, he added.The PM emphasized that it is crucial to ensure there is no shortage of electricity for production, business and consumption.The Government leader also highlighted the need to revitalize traditional growth drivers, foster new ones as well as science-technology innovation and digital transformation.Agencies were urged to expand the "Vietnamese people prioritize using Vietnamese goods" campaign with new approaches; develop visa policies tailored for key international partners, including visa exemptions for global billionaires.Deputy Prime Minister Tran Hong Ha was assigned to hold working sessions with provinces in the Mekong Delta on rice production and exports, infrastructure development, and saline intrusion mitigation.The PM directed localities to continue tackling long-standing issues while accelerating major initiatives such as the construction of 1 million affordable housing units, prioritizing people under 35, and eliminating substandard houses.- obj.style.height = obj.contentWindow.document.documentElement.scrollHeight + 'px'; }、See also、UNICEF hails Vietnam’s public school tuition waiver policy as investment in future Commune police can handle up to 35 administrative procedures: Govt press conference PM holds dialogue with businesses from ASEAN NA Chairman charts bold legislative agenda for 2025 No obstacles can impede development of Vietnam-RoK relations: PM Vietnam announces amnesty ahead of reunification anniversary Vietnam grants visa exemptions to citizens of 16 countries Kyrgyzstan's prime minister to pay official visit to Vietnam serving APEC 2027 must drive Phu Quoc’s long-term growth: PM Vietnam nominated as Chair of 35th meeting of State Parties to UNCLOSThursday 03/06/2025 - 10:55
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