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Gov't targets to boost GDP growth to 6-6.5% in 2024

VGP – The Government targets to boost GDP growth to 6-6.5 percent in 2024 from 5.05 percent in 2023, according to its report released at the Cabinet meeting on Friday.

Posts Huong Giang

January 05, 2024 12:34 PM GMT+7
Gov't targets to boost GDP growth to 6-6.5% in 2024- Ảnh 1.

From left to right: Deputy Prime Minister Tran Hong Ha; Politburo member, Standing member of the Communist Party Central Committee's Secretariat and Chairwoman of the Party Central Committee's Organization Commission Truong Thi Mai; Politburo member, Prime Minister Pham Minh Chinh; Politburo member, President Vo Van Thuong; Politburo member, Chairman of the National Assembly Vuong Dinh Hue; member of the Party Central Committee's Secretariat, Deputy Prime Minister Le Minh Khai; Deputy Prime Minister Tran Luu Quang at the Cabinet meeting in Ha Noi, January 5, 2024. Photo: VGP

Last year, Viet Nam’s economic performance was resilient and positive considering the very challenging global context, noted Andrea Coppola, Lead Economist for the World Bank in Viet Nam.

The country was still able to sustain a rate of growth that many other countries in the rest of the world can only dream about, Andrea Coppola told VGP in a recent interview.

The Government will also keep inflation rate at around 4-4.5 percent, increase disbursed volume of public investment capital to over 95 percent, and cut regular expenditures by 5 percent.

As an export-driven economy, the Government will continue step up negotiations and signing of new free trade agreements with the United Arab Emirates and Latin American countries while promoting exports to African markets in a bid to raise export turnover by at least 6 percent against 2023.

Regarding infrastructure development, the Government will strive to move forwards to achieving the goal of building 3,000km of expressways by 2025; complete construction and put into use of Ben Thanh-Suoi Tien metro line in 2024.

It wil also upgrade nevigation channels to Cai Mep-Thi Vai seaport, and Nam Nghi Son seaport; approve the investment plan for the North-South high-speed railway.