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Summary

10 ECONOMY - POLICY
16 COVER STORY
RISING DIFFICULT TO ACHIEVE
Demand for rising NATIONAL FINANCIAL PLAN 2021-2025
INDUSTRIAL REAL ESTATE RISK FROM TARGETS BEING

S ome of the targets in the national financial plan for the
2021-2025 period are likely to be difficult to achieve,
such as the proportion of domestic revenue in total State
budget revenue, revenue from equitization and divestment of
A ccording to an assessment from the Ministry of State capital in enterprises and development investment
Construction (MoC), the amount of FDI going to the
manufacturing and processing sector in the first nine expenditure from foreign capital sources, and the direct debt
months of 2023 continued to lead in total investment, with repayment obligations of the government / State budget
revenue that are close to the warning threshold. In the
more than $14 billion, accounting for 69.3 per cent of the total
and increasing by 15.5 per cent over the same period of 2022. government’s view, the process of restructuring the State
At the same time, the recent trend of multinational budget still has many shortcomings. In organizing
corporations shifting industrial real estate investment into implementation for 2024 and 2025, the government will
Vietnam has had an impact, causing industrial park real estate continue to direct relevant ministries and agencies to continue
implementing and achieve the targets set. Accordingly, the
demand to grow this year. However, the planning and
development of industrial parks, economic zones, and government will promote institutional improvements, handle
industrial clusters in recent times has revealed a number of problems between laws, continue to restructure State budget
limitations. The MoC has made five recommendations. It will expenditures, strictly control State budget overspending, and
coordinate closely with relevant ministries, branches, and amend, supplement and complete regulations for the financial
services market.
agencies to perfect legal institutions, mechanisms and policies
on planning and developing industrial parks, economic zones,
and industrial clusters.
13 ECONOMY - POLICY

FOCUS ON INVESTMENT

6 ECONOMY - POLICY TO PROMOTE GROWTH
BREAKTHROUGH AT YEAR’S-END

SOLUTIONS IN ACHIEVING

GROWTH GOALS

V ietnam’s GDP growth in 2023 as a whole is estimated to he biggest growth driver in Vietnam’s economy over
reach over 5 per cent and 6-6.5 per cent is targeted for 2024.
National Assembly (NA) delegates highly regard the T the closing two months of the year and the years to
economic indicators posted in recent times. However, amid come is public investment. Over the past nine months,
difficult and challenging circumstances, to achieve Vietnam’s the Prime Minister and the government have made many
growth goals it is necessary to act more decisively and identify new specific instructions through resolutions, directives, and
breakthrough solutions. It also is necessary to look directly at the telegrams to encourage the disbursement of public
problems, difficulties, and obstacles to focus on quickly resolving investment capital. Ministries and localities have focused on
them and boost development. Emphasizing six guiding viewpoints, directing and creating favorable conditions for investors and
the Prime Minister noted the synchronous and effective contractors to speed up the construction of projects and other
implementation of Resolutions from the Party and the NA, works. But the implementation of public investment capital
especially three strategic breakthroughs, six key tasks, and 12 main has not yet met expectations due to certain shortcomings that
groups of solutions; and work done to promote the strength of the cannot be completely overcome. It is therefore necessary to
entire political system and the people; arouse a desire to build a focus fiercely on implementing solutions synchronously to
strong country; tighten discipline; and firmly grasp reality and achieve set goals and be proactive in project implementation
respond proactively, flexibly, promptly, and effectively. while avoiding disruptions in the implementation and
disbursement of capital resources.
4 KINH TẾ VIỆT NAM | Số 44 | Ngày 30/10/2023 www.vneconomy.vn