Minister presents report on 2021-2025 economic restructuring scheme
Minister of Planning and Investment Nguyen Chi Dung presented a report on economic restructuring scheme for the 2021-2025 period and an examination report by the National Assembly’s Economic Committee during the ongoing second session of the 15th NA in Hanoi on October 29.
Hanoi (VNA) – Minister of Planning and Investment Nguyen Chi Dung presented a report on economic restructuring scheme for the 2021-2025 period and an examination report by the National Assembly’s Economic Committee during the ongoing second session of the 15th NA in Hanoi on October 29.
Minister Dung said the scheme offers six target groups, including restructuring credit organisations and public administrative units, improving the allocation and use of resources, as well as businesses to raise their competitiveness, internal capacity and self-resilience of the economy; strengthening regional connectivity, upgrading value chains of sectors based on technological advances and digital transformation, among others.
It also defines 130 specific tasks to be assigned to ministries, agencies and localities for the effort, he said.
Chairman of the NA’s Economic Committee Vu Hong Thanh said the committee basically agreed with the report and spoke highly of the Government’s efforts in directing the 2016-2020 economic restructuring plan.
He asked the Government to assess the COVID-19’s impacts on the possibility of achieving set targets in the restructuring of credit organisations, deal with slow public investment disbursement, pay attention to developing venture capital, derivatives and consumption credit markets, attract investment in agriculture and new-model cooperatives.
The committee suggested the Government add several targets in the scheme, including developing urban economy into the national pillar, making the best use of advantages from new-generation free trade agreements to promote domestic economic reform, ensuring green growth in combination with environment protection and effective response to climate change.
Basically, the commit🍨tee agreed with measures set in the scheme and proposed t﷽he legislature offer opinions on the necessity of issuing the scheme, the list of programmes and projects, and other issues of deputies’ concern./.
Fifteen among 22 targets set in the National Assembly’s Resolution 24/2016/QH14 on economic restructuring during 2016-2020 have been or are likely to be fulfilled in 2020, according to the Government’s report presented to the legislature’s 10 session.
The National Assembly Standing Committee gave opinions on the economic restructuring plan for the 2021-2025 period during its ongoing fourth session in Hanoi on October 12.
The economic restructuring plan in the 2021-2025 period aims to create changes in the growth model towards higher productivity, quality, competitiveness and the adaption capacity of the economy, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Thirty years ago, on July 28, 1995, Vietnam’s accession to ASEAN marked a historic strategic decision, opening a new chapter in the country’s integration process and beginning its strong rise.
Ambassador Vu Le Thai Hoang has outlined specific priorities and proposals for cooperation with the UNODA in preparation for the upcoming 11th Review Conference of the Non-Proliferation of Nuclear Weapons (NPT).
The Vietnamese Party leader's visit is therefore expected to mark a new stage in the development of the Comprehensive Strategic Partnership between the two countries, with a focus on such areas as digital transformation, supply chains, semiconductors, clean energy, and maritime security, Choe assessed.
At their meeting, which took place in the Angolan capital of Luanda on August 7 as part of State President Luong Cuong’s ongoing state visit to the African nation, the two officials also agreed to make full use of existing cooperation mechanisms, particularly the Vietnam – Angola Intergovernmental Committee, and step up exchanges of delegations at all levels.
President Luong Cuong's talks with his Angolan counterrpart João Manuel Gonçalves Lourenço, Vietnamese leader's receptions for a delegation from the Japan – Vietnam Parliamentary Friendship Alliance, and the Government's regular meeting for July are among news highlights on August 7 evening.
Over the past five decades, the Vietnam - Angola relationship has grown steadily, marked by political trust and close bonds between their Parties, States, Governments, and peoples, said Deputy Prime Minister and Foreign Minister Bui Thanh Son.
President Luong Cuong called on the two countries to join hands to promote South – South cooperation, contribute to building a fair and equal global political and economic order, safeguard independence and sovereignty, and promote extensive and substantive international solidarity and cooperation.
President Luong Cuong called on the community to remain united, integrate well into local society, adhere to local laws, and continue contributing to both Angola’s development and Vietnam – Angola relations.
Vietnamese President Luong Cuong and Speaker of the National Assembly (NA) of Angola Carolina Cerqueira agreed to continue strengthening political trust, boost high-level delegation exchanges via all channels, including the parliamentary one, and create favourable legal conditions for bilateral cooperation.
Illustrative image (Photo: VNA) 
