(MPI) - Minister of Planning Nguyen Chi emphasised that, looking back on 2024, alongside the overall achievements of the nation, the planning, investment, and statistics sector also attained numerous outstanding results, summarized into ten key highlights. He made his speech a conference to review the performance of the sector and set tasks for 2025 held in Hanoi on December 28.

Prime Minister Pham Minh Chinh presented the first-class Labour Order to the Ministry of Planning and Investment. Photo: MPI

First, the Ministry of Planning and Investment (MPI) made relentless efforts to establish a new mindset and strategic vision for an era of national rise, aiming to become a high-income country by 2045.

This mindset encompasses proactive creation, breakthrough growth, and dynamic development. It emphasises taking charge of the future, using development to maintain stability and stability to promote growth. The vision targets a “convergence” of advantages and strengths to enable Vietnam to soar, achieve comprehensive development, and realize its aspiration for a more prosperous and happier nation.

Second, the scale and potential of the economy have continued to grow, building on achievements from 40 years of Doi Moi (Renewal), particularly since the start of this term, helping the nation accumulate strength for a breakthrough in the next phase.

Efforts focused on closely monitoring and accurately forecasting developments, allowing timely adjustments to priorities in management and operations. By the end of 2024, Vietnam is on track to achieve all 15 key targets, with a growth rate of approximately 7%, surpassing the 6-6.5% goal.

Third, significant progress was achieved in implementing three strategic breakthroughs, thanks to innovative thinking, approaches, and execution.

Fourth, various policies and solutions were deployed comprehensively, timely, and effectively to support businesses, especially small and medium-sized enterprises, in overcoming challenges and adapting to global trends.

Fifth, Vietnam remains an attractive destination for global foreign direct investment (FDI), even amid declining global capital flows and intensified competition among nations. The country attracted an estimated 31.4 billion USD in the eleven-month period, with the realized capital at approximately 21.7 billion USD, up 7.1% year-on-year.

Sixth, efforts to unlock and efficiently utilize development resources saw positive outcomes, including addressing weak enterprises, underperforming banks, and delayed or inefficient projects.

Seventh, innovation, the startup ecosystem, and new industries such as digital economy, green growth, circular economy, chips, semiconductors, artificial intelligence, and high-tech agriculture were strongly promoted. New economic models, such as international financial centers and free trade zones, were piloted in several localities.

Eighth, fundamental progress was made in planning. Regional Coordination Councils effectively implemented regional plans and projects, fostering regional linkages and creating new growth hubs for the country.

Ninth, economic, political, and social stability was maintained, creating a favorable environment for investment and business development. Consequently, international organizations and enterprises continued to recognize and highly evaluate Vietnam’s growth prospects and business environment, committing to long-term investment.

Tenth, foreign relations, economic diplomacy, particularly technological diplomacy, achieved significant milestones. Vietnam expanded economic dialogues with strategic and comprehensive partners, and global enterprises, enhancing the nation’s reputation and creating new opportunities for development. Initiatives like the Belt and Road cooperation, diplomatic activities with Laos, Cambodia, and Mekong River nations were further strengthened.

Speaking at the conference, Prime Minister Pham Minh Chính asked the planning, investment, and statistics sector continue to uphold the spirit of the “five pioneering principles” including: pioneering in  innovative mindset, as resources originate from thought, motivation stems from innovation, and strength arises from the people; thinking deeply, acting boldly, and taking a long-term perspective; ensuring that commitments are honored, actions are executed, and tangible products and results are delivered.

Pioneering in building and perfecting institutions, identifying this as the breakthrough of breakthroughs, serving as a source of resources and a driving force for development.

Pioneering in leading and mobilizing all resources for rapid and sustainable development, including state resources, private resources, foreign direct and indirect investments, and public-private partnership resources.

Pioneering in innovation, digital transformation, green transition, and developing new economic models such as the circular economy, sharing economy, knowledge-based economy, night economy, creative economy, as well as restructuring the economy.

Pioneering in building national databases and formulating policies based on data-driven insights./.

Bao Linh

Ministry of Planning and Investment