Acknowledging the challenges in achieving the target, the directive stresses its necessity to build momentum for sustained double-digit growth in future.
The key measures include rigorously and effectively implementing resolutions and conclusions of the party central committee, politburo, National Assembly and the government, and capitalising on freshly-introduced policies and mechanisms to unlock economic resources, a domestic news agency reported.
The finance ministry has been tasked with proposing tax cuts, fee reductions and extended payment deadlines to support businesses and boost domestic production and consumption.
The State Bank of Vietnam has been asked to adopt a flexible and proactive monetary policy, ensuring stable interest rates, exchange rates and credit growth.
Governmental agencies and local authorities have been ordered to facilitate businesses in implementing pilot programmes and special economic policies in high-tech industrial zones, while the ministry of agriculture and environment has been directed to establish green project classification criteria.
The directive also calls for policies to promote investment in key infrastructure projects, including the North-South high-speed railway, urban rail networks, international rail connections and offshore wind power.
Regulatory reforms have been called for in the directive to tackle unsuitable, overlapping and incomplete regulations.
The government also aims to complete 3,000 km of expressways, 1,000 km of coastal roads and key airport and seaport projects.
ALCHEMPro News Desk (DS)
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