HÀ NỘI — Prime Minister Phạm Minh Chính urged private enterprises to play a pivotal role in achieving Việt Nam's ambitious 8 per cent economic growth target for 2025, calling on them to contribute ideas and solutions to overcome challenges and ensure long-term economic resilience and sustainability in the new era.This call to action was made during a meeting on Monday, at which permanent Government officials and business leaders came together to discuss collaborative strategies for achieving this crucial growth target.This year, the country is expected to face more challenges, including worldwide political instability, trade barriers and domestic issues. Chính stated that the Government has set growth targets for localities, ministries, agencies and State-owned enterprises, aiming for a national economic growth rate of at least 8 per cent.This target is designed to build momentum for even bigger achievements, including double-digit growth in the years ahead, with the business community expected to play a pivotal role.The Government plans to meet with banks, small- and medium-sized enterprises (SMEs) and foreign direct investment (FDI) businesses to address difficulties and offer feedback on policies, mechanisms and regulations.Ministries have been instructed to review and report monthly on policy obstacles for necessary amendments, including tax breaks, VAT reductions and land rent adjustments. The Prime Minister stressed the need for strong support policies and pledged to streamline procedures, ensuring a better environment for businesses.The Government will continue to focus on science and technology, innovation, digital transformation and new growth spaces. PM Chính urged private businesses to take part in these large projects and proposed suitable policies to support their involvement.Businesses contribute around 60 per cent of GDPMinister of Planning and Investment Nguyễn Chí Dũng presented a report highlighting the significant role of businesses in Việt Nam’s economic growth.As of 2024, the country has over 940,000 active enterprises, 30,000 co-operatives and more than five million household businesses. In 2024 alone, over 233,000 new businesses were established or resumed operations, marking a record high.The private sector contributes approximately 60 per cent of GDP and 98 per cent of total export turnover, and employs 85 per cent of the workforce. Việt Nam’s economy grew by 7.09 per cent in 2024, ranking among the world’s fastest-growing economies, with a GDP of US$476.3 billion, ranking 33rd globally. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News