Resolution 25/NQ-CP 2025 on growth targets for sectors, fields and localities to ensure the national growth target of 8% or higher in 2025

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Resolution No. 25/NQ-CP dated February 05, 2025 of the Government on growth targets for sectors, fields and localities to ensure the national growth target of 8% or higher in 2025
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Official number:25/NQ-CPSigner:Pham Minh Chinh
Type:ResolutionExpiry date:Updating
Issuing date:05/02/2025Effect status:
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THE GOVERNMENT

______

No. 25/NQ-CP

 

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

__________________

Hanoi, February 5, 2025

RESOLUTION

On growth targets for sectors, fields and localities to ensure the national growth target of 8% or higher in 2025  

____________

THE GOVERNMENT

Pursuant to the June 19, 2015 Law on Organization of the Government; and the November 22, 2019 Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration;

Pursuant to the Government’s Decree No. 39/2022/ND-CP of June 18, 2022, promulgating the Working Regulation of the Government;

Pursuant to the 13th Party Central Committee’s Conclusion No. 123/KL-TW of January 24, 2025, on the supplementary scheme on the 2025 socio-economic development with a growth target of 8% or higher;

Pursuant to Government’s Resolution No. 01/NQ-CP of January 8, 2025, on major tasks and solutions to implement the 2025 socio-economic development plan and state budget estimates;

At the proposal of the Minister of Planning and Investment in Document No. 805/BKHDT-TH of February 4, 2025, and Document No. 824/BKHDT-TH of February 5, 2025;

Based on unanimous opinions of the cabinet members,

RESOLVES:

The year 2025 holds special significance as a year of acceleration, breakthroughs and finish, the final year of the 2021-2025 five-year socio-economic development plan, the year of carrying out a revolution in downsizing the organizational apparatus, the year of organizing Party Congresses at all levels proceeding to the 14th National Party Congress, and preparing and consolidating fundamental factors, paving the way for the nation to stay confident for stepping into a new era - the era of the nation's rise for strong development and prosperity, toward successfully implementing the goals of the 2021-2030 ten-year socio-economic development strategy. Meanwhile, the global and regional situation is forecast to see complicated and unpredictable developments; the global economy is recovering slowly, unevenly and not firmly with increasing risks. The country’s economy is forecast to maintain positive growth momentum, though opportunities and advantages are interwoven with difficulties and challenges, while challenges outweigh opportunities, especially from external negative impacts and prolonged internal limitations and shortcomings, storms, floods, drought, and seawater intrusion, etc.

In that context, in order to successfully achieve the national growth target of 8% or higher in 2025, serving as a solid foundation to attain a double-digit growth rate for the 2026-2030 period, the Government requests:

1. Ministers, heads of ministerial-level agencies and heads of government-attached agencies assigned to take charge of monitoring and evaluating the indicators provided in Appendix I to this Resolution, and chairpersons of provincial-level People’s Committees to focus on directing the implementation of the following tasks:

a/ To closely monitor, firmly grasp the situation, closely coordinate, and synchronously, comprehensively and effectively implement the tasks and solutions set out in all fields; to promote the spirit of solidarity and unity in direction and administration; to adopt innovative and breakthrough thinking with high determination, great efforts and resolute actions to ensure timely, flexible and effective implementation so as to achieve the growth targets and indicators of sectors and fields, and GRDP growth targets of localities as provided in Appendix I and Appendix II to this Resolution.

b/ To urgently develop monthly and quarterly growth scenarios of sectors and fields; for GRDP growth targets, to direct specialized agencies to closely coordinate with statistical offices, based on the announced GRDP data of 2024, review and develop GRDP growth scenarios for level-1 economic sector and 3 economic regions and taxes less subsidies on products on a quarterly basis to serve leadership, direction and administration tasks. Ministries, sectors and localities shall send growth scenarios to the Ministry of Planning and Investment in February 2025 for synthesis and monitoring.

c/ To proactively implement tasks and solutions within the ambit of their competence, and study and propose specific mechanisms, policies, tasks and solutions in cases falling beyond their authority, and send reports thereon to the Ministry of Planning and Investment for synthesis and reporting to the Government and Prime Minister to promptly remove difficulties and obstacles.

d/ To report and evaluate monthly and quarterly implementation, update growth scenarios (if any), and propose solutions to achieve growth targets and send them to the Ministry of Planning and Investment before the 25th of every month.

2. Provincial-level People's Committees shall urgently direct the study and review of new resources, driving forces and capacity for growth and implementation solutions, and send reports thereon to provincial-level People’s Councils in February 2025 to adjust the GRDP growth targets of localities in case a People’s Council has resolved a growth target lower than the target set out in this Resolution in order to ensure comprehensive and effective implementation.

3. The Ministry of Planning and Investment shall assume the prime responsibility for, and coordinate with ministries, sectors and localities in, synthesizing, monitoring and evaluating the implementation and make proposals (if any), and report thereon to the Government at its monthly meetings.

4. The Ministry of Information and Communications shall assume the prime responsibility for, and coordinate with the Party Central Committee’s Commission for Information, Education and Mass Mobilization, news and press agencies, ministries, central sectors and localities in, disseminating this Resolution.

5. The Government Office shall, within the ambit of its assigned functions and tasks, monitor and urge the implementation of this Resolution.-

On behalf of the Government

Prime Minister

PHAM MINH CHINH

 

 

APPENDIX I

GROWTH TARGETS FOR SECTORS AND FIELDS IN 2025
(To Resolution No. 25/NQ-CP of February 5, 2025)

No.

Target

Unit of calculation

Target in 2025

Agency in charge of monitoring and evaluating

1

Ratio of revenues mobilized to the state budget to GDP

%

16

Ministry of Finance

2

Ratio of development investment expenditures/state budget’s total expenditures

%

31

Ministry of Finance

3

Ratio of recurrent expenditures/ state budget’s total expenditures

%

Below 60

Ministry of Finance

4

Entire society’s realized investment capital to GDP

%

33.5

Ministry of Planning and Investment

5

Growth rate of total export turnover

%

12

Ministry of Industry and Trade

6

Trade surplus

USD billion

30

Ministry of Industry and Trade

7

Index of industrial production (IIP)

%

9.5

Ministry of Industry and Trade

8

Growth rate of retail sales of consumer goods and services

%

Approximately 12

Ministry of Industry and Trade

9

Growth rate of B2C e-commerce market

%

20-22

Ministry of Industry and Trade

10

Rate of businesses applying e-commerce

%

60-62

Ministry of Industry and Trade

11

Growth rate of total electrical energy produced and imported in the whole system

%

12.5-13

Ministry of Industry and Trade

12

Tourists:

   

-

International tourists

Million arrivals

22-23

Ministry of Culture, Sports and Tourism

-

Domestic tourists

Million arrivals

120-130

Ministry of Culture, Sports and Tourism

 

APPENDIX II

GROWTH TARGETS FOR PROVINCES AND CENTRALLY RUN CITIES IN 2025
(To Resolution No. 25/NQ-CP of February 5, 2025)

No.

 

GRDP growth target in 2025 (%)

I

The Red River Delta region

 

1

Hanoi city

8

2

Vinh Phuc province

9

3

Bac Ninh province

8

4

Quang Ninh province

12

5

Hai Duong province

10.2

6

Hai Phong city

12.5

7

Hung Yen province

8

8

Thai Binh province

9

9

Ha Nam province

10.5

10

Nam Dinh province

10.5

11

Ninh Binh province

12

II

The Northern midland and mountainous region

 

12

Ha Giang province

8

13

Cao Bang province

8

14

Bac Kan province

8.5

15

Tuyen Quang province

9

16

Lao Cai province

9.5

17

Yen Bai province

8.2

18

Thai Nguyen province

8.5

19

Lang Son province

8

20

Bac Giang province

13.6

21

Phu Tho province

8

22

Dien Bien province

10.5

23

Lai Chau province

8

24

Son La province

8

25

Hoa Binh province

9

III

The North-Central and Central Coastal region

 

26

Thanh Hoa province

11

27

Nghe An province

10.5

28

Ha Tinh province

8

29

Quang Binh province

8

30

Quang Tri province

8

31

Hue city

8.5

32

Da Nang city

10

33

Quang Nam province

10

34

Quang Ngai province

8.5

35

Binh Đinh province

8.5

36

Phu Yen province

8

37

Khanh Hoa province

10

38

Ninh Thuan province

13

39

Binh Thuan province

8

IV

The Central Highlands region

 

40

Kon Tum province

10

41

Gia Lai province

8

42

Dak Lak province

8

43

Dak Nong province

8

44

Lam Dong province

9

V

The Southeast region

 

45

Ho Chi Minh City

8.5

46

Binh Phuoc province

8.8

47

Tay Ninh province

8

48

Binh Duong province

10

49

Dong Nai province

10

50

Ba Rịa - Vung Tau province

10 (except crude oil and gas)

VI

The Mekong Delta region

 

51

Long An province

8.7

52

Tien Giang province

8

53

Ben Tre province

8

54

Tra Vinh province

8

55

Vinh Long province

8

56

Dong Thap province

8

57

An Giang province

8.5

58

Kien Giang province

8

59

Can Tho city

9.5

60

Hau Giang province

8.8

61

Soc Trang province

8

62

Bạc Lieu province

9

63

Ca Mau province

8

 

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