According to the Government leader, if this momentum is maintained, the economy could grow by more than 8 per cent in 2025.
GDP expanded by 7.85 per cent in the first nine months.
The Q4 GDP must increase by about 9.4 per cent in the industry, 8.3 per cent in services, and 4 per cent in agriculture, to achieve the target, the Prime Minister said. The digital economy accounts for roughly 20 per cent of the GDP.
Difficulties and challenges include the increasingly complex and unpredictable natural disasters and floods, which have caused estimated losses of about VND 40 trillion and could reduce national GDP growth by around 0.2 per cent this year, he was cited as saying by domestic media outlet.
He called for disbursing cent per cent of the planned public investment capital, simplifying administrative procedures, attracting strong foreign direct investment (FDI) inflows and stimulating private investment.
He also called for vigorous promotion of new growth drivers like science and technology, innovation, digital transformation, green and circular economy, creative industries, free trade zones, emerging industries as well as regional connectivity, urban development and efficient use of underground, space, and marine resources.
“By the end of December, there must be no areas nationwide lacking mobile or electricity coverage,” he stressed.
To stimulate economic growth in the remaining two months of the year, Minister of Industry and Trade Nguyen Hong Dien stressed the need to develop the domestic market, stimulate consumption, support production enterprises, while also accelerating public investment and selecting investors for projects in the energy and mineral sectors.
ALCHEMPro News Desk (DS)
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