Accordingly, the Chairman of the Provincial People's Committee requested the Heads of the Provincial Departments, Branches, and Sectors, Chairmen of the People's Committees of districts, towns, and cities, according to their assigned functions and tasks, to focus on thoroughly grasping the first and most consistent requirement in the coming time, both in the short and long term, which is to mobilize all economic sectors, all enterprises, and people to participate in socio-economic development, actively work in production, and create material wealth to contribute to the growth and development of the country. All institutions, mechanisms, and policies must aim at and achieve this requirement.

At the same time, it is necessary to focus on reforming and promoting both the supply and demand sides in a manner consistent with the reality, nature and level of the Vietnamese economy to promote rapid and sustainable economic growth. In particular, supply-side factors should be promoted to ensure long-term growth requirements, with fewer consequences but with higher delays; promoting demand-side factors can be faster but with more risks.

Specifically, on the supply side, we should continue to focus on strong institutional reform, improve the business investment environment, strengthen the confidence of businesses and people, strive to reduce at least 30% of processing time for administrative procedure by 2025; to reduce at least 30% of business costs, especially in the field of customs, regulatory compliance costs, informal costs,... strive to eliminate at least 30% of unnecessary business conditions; Strive for Vietnam's investment environment to be among the top 3 countries in ASEAN within the next 2-3 years.

Research and application of a specialized legal framework should be carried out to help the Vietnamese legal system catch up with the development speed of the digital economy, innovation and international integration, especially financial technology, artificial intelligence (AI), platform economy, e-commerce and economic zones; propose a controlled testing legal framework for new technology industries; propose a separate legal framework for economic zones and technology zones (such as special preferential tax mechanisms, specific mechanisms in resolving trade disputes in special zones, etc.).

Regarding land policy and real estate market, it is necessary to unblock, promote transactions and attract investment capital into the market; promote urban areas to become the driving force of national growth on the basis of completing a high-quality and synchronous infrastructure system; build a national digital map system on planning and land prices; study the establishment of a "National Housing Fund" to develop low-cost housing in large cities; Apply open financial policies to international financial center models; effectively exploit foreign indirect investment; study the formation of a "Duty Free Port" model to turn Vietnam into a major logistics center, develop a "National Investment One-Stop Portal" to increase the attraction of foreign investors to Vietnam; promote the development of science - technology and innovation.

In addition, it is necessary to implement policies to attract talents to work in state agencies, units, and enterprises, and special policies for cadres and civil servants with good performance in their work; at the same time, have a mechanism to remove those who are not qualified and competent from the apparatus; Further concretize the policy of encouraging and protecting cadres who dare to think and dare to do; Continue to perfect the system of state apparatus organization, have mechanisms and strengthen decentralization and delegation of power to localities; Pay attention to perfecting policies to respond to population aging.

On the demand side, the government investment should be promoted in the country's strategic and fundamental infrastructure system, in terms of quantity, quality and consistency; promoted to private investment by creating a favorable, transparent, safe, low-cost investment environment with easy access to credit capital; promotion of domestic consumption, only when domestic consumption is promoted can it help sustain GDP growth; increase net exports.

Promotion should focus on the export of processed agricultural, forestry and aquatic products on the basis of developing agricultural economy instead of purely agricultural production; industrialize agriculture; adjust land use limit policy to facilitate land accumulation; encourage piloting of new forms of cooperation in agriculture.

Implement an expansionary fiscal policy; flexible monetary policy, and cautiously loosen monetary policy./.

Source: Official dispatch No. 314/UBND-TH dated March 7, 2025 

News by Hai Nhu

Translation by Hoang Oanh