Vietnam's PM Calls for Reforms to Drive Economic Growth

In a pivotal meeting held in Hanoi, Prime Minister Le Minh Hung led discussions with the Ministry of Finance to assess Vietnam's economic performance and devise strategies aimed at securing double-digit growth. The session convened senior officials and centered on enhancing economic policies.

The Prime Minister stressed the critical need for innovative thinking and operational methods to effectively mobilize resources. He pointed out that in a swiftly evolving global landscape, traditional techniques might fall short of the ambitious growth goals.

The officials reviewed the present economic climate, identifying key drivers, obstacles, and challenges. The Ministry of Finance was acknowledged for its pivotal role in overseeing national finances, maintaining economic equilibrium, and facilitating business expansion.

The government praised the ministry's contributions to enhancing the investment climate, fostering entrepreneurship, and adapting to policy shifts. Recent reforms in areas such as taxation and financial systems have significantly supported economic advancements.

Despite notable progress, the Prime Minister cautioned that global uncertainties and internal challenges pose risks to economic stability. He emphasized the necessity for resolute determination and cohesion to navigate these hurdles and sustain growth.

A primary focus of the gathering was on tapping both domestic and international resources. The Prime Minister advocated for improved utilization of public and private investments, the development of capital markets, and effective management of state assets to underpin sustainable growth.

He also highlighted the significance of digital advancement, innovation, and enhanced governance. Upgrading data systems and modernizing administrative processes were recognized as vital steps to boost efficiency and transparency.

Moreover, the government aims to refine the legal framework by updating crucial laws and policies. Efforts to streamline procedures, minimize business expenses, and cultivate a more favorable environment for enterprises are also underway.

Concluding the meeting, the Prime Minister urged ministries and agencies to act decisively and carry out reforms successfully. He reiterated that realizing double-digit growth necessitates coordinated actions, robust leadership, and ongoing innovation in every sector.