HCMC – The Government is targeting GDP growth of over 7% for 2024 while keeping inflation under 4.5%, according to Prime Minister Pham Minh Chinh.
Speaking on the first day of the National Assembly’s eighth session on October 21, PM Chinh laid out plans to stabilize the macroeconomy and maintain key financial balances.
The Government also targets a 15% increase in credit, a state budget revenue boost of over 10%, and at least 95% disbursement of allocated public investment funds by year-end.
To achieve these goals, ministries have been instructed to tackle legal hurdles, accelerate administrative reforms, and enhance the investment environment.
Chinh highlighted the importance of early public investment disbursement in 2025 and emphasized the need for selective foreign investment and stronger domestic markets, alongside efforts to stimulate consumer demand.
The Government will also focus on managing prices of essential goods, ensuring stable supplies, and prioritizing key areas such as digital transformation, infrastructure development, and climate resilience.
Enhancing energy transition and modernizing agriculture are also integral to the economic strategy for the coming year.
