Major tasks and solutions to implement 2024 socio-economic development plan

The Government has issued a Resolution on major tasks and solutions to realize the socio-economic development plan for 2024.

First, the Government will give priority to maintaining macro-economic stability, controlling inflation, and ensuring major balances of the economy.

The Government will pursue an active monetary policy and proper fiscal policy in favor of macroeconomic stabilization and growth.

Credit organizations are encouraged to cut costs and simplify lending procedures and to reduce lending rates to support economic growth.

Second, the Government will continue reviewing and perfecting institutions, laws, mechanisms, and policies while improving law enforcement capacity and streamlining administrative procedures and business conditions.

Such important bills like the Land Law, Law on Credit Organizations, Law on Promulgation of Normanative Documents are expected to get through the National Assembly this year, according to the Resolution.

Third, the Government will speed up strategic infrastructure development, with a focus on expressway, airport, urban infrastructure, inter-regional infrastructure projects.

Specifically, the Government will accelerate construction of sections of the Eastern North-South Expressway , Ha Noi Region’s Ring Road No. 4, Ho Chi Minh City’s Ring Road No. 3;, Khanh Hoa- Buon Ma Thuot, Chau Doc- Can Tho- Soc Trang, Bien Hoa- Vung Tau, Tuyen Quang- Ha Giang expressways; Long Thanh International Airport, Terminal 3 of Tan Son Nhat International Airport among others.

Fourth, the Government will continue restructuring the economy in association with growth model transformation; improving the country’s competitveness; fostering digital economy, green econonyt, circular economy, and e-commerce; renewing growth driving forces and fully tapping new growth impetuses.

Fifth, the Government will focus on advancing the development of high-quality workforce, particularly the workforce for bio-technology, artificial intelligence, semiconductor and chips while stepping up innovations.

Sixth, the Government targets to promote comprehensive development of culture in harmonious combination with economic growth, and conintue innovating and improving the quality of social policies.

Seventh, the Government will proactively cope with climate change, ensure water resource security, strengthen management of natural resources and environment.

Eighth, the Government will accelerate region-to-region links, particularly transport infrastructure and energy.

Ninth, the Government will continue streamlining the State apparatus, accelerating corruption combat, and tightening administrative disciplines.

Source: VGP