📝 OP-ED: Fruits of economic growth must reach all citizens, says Party chief
The fruits of economic growth must be shared harmoniously, fairly, and equitably among all citizens, Party General Secretary To Lam told a conference reviewing the 2024 performance and setting 2025 tasks for the Government and local authorities in Hanoi on January 8.
Hanoi (VNA)🌺 - The fruits of economic growth must be shared harmoniously, fairly, and equitably among all citizens, Party General Secretary To Lam told a conference reviewing the 2024 performance and setting 2025 tasks for the Government and local authorities in Hanoi on January 8.
As the Vietnamese Government gears up for carrying out its 2025 socio-economic development plan, it is clear that the focus extends beyond mere economic metrics. The Government is committed to fostering a society where cultural enrichment, social welfare, and the well-being of citizens are integral to the nation’s progress.
The 2025 socio-economic development plan embodies a holistic approach, focusing not only on economic growth but also on culture, social welfare, and life quality improvement. The Vietnamese Government is committed to effectively enforcing the policies concerning ethnic affairs, religions and beliefs, population, elderly care, youth development, gender equality, and women's advancement; creating a safe, friendly, and healthy living environment for children; building over 100,000 social housing units and eradicating temporary and dilapidated houses by the end of 2025.
Party General Secretary To Lam speaks at the conference between the Government and localities on January 8. (Photo: VNA)
This year, the country looks to secure per capita GDP of 4,900 USD, compared to the 4,700 USD in 2024.
Economists highlighted that per capita GDP is a critical indicator of a country's eonomic health, with Vietnam's figure from 121.72 USD in 1990 to the 2024 level illustrating vigorous development. The per capita GDP goal of 7,500 USD by 2030 underscores the Government's commitment to sustainable economic growth and improvement of citizens' life quality.
In 2024 alone, the Ministry of Labour, Invalids and Social Affairs provided subsidies for nearly 4 million people, including 1.394 million senior citizens, 1.667 million with disabilities, 16,000 orphan children or those who lost their caregivers, 150,000 children under 3 years old, and 80,000 single-parent individuals. Each month, some 2.25 trillion VND (88.6 million USD) was allocated for the implementation of social assistance policies.
Efforts in fast and sustainable poverty reduction also evidence the Government's vision for a “strong country for prosperous people”.
Vietnam's poverty rate has seen a dramatic decline, from 58.1% in 1993 to 9.88% in 2015, and further to 1.9% in 2024. The country aims to halve the number of poor and near-poor households in 2025 under the national multidimensional poverty standards compared to 2021. Investments in socio-economic infrastructure for all poor districts and particularly disadvantaged communes, especially in coastal and island regions, are also crucial to this goal.
Through various forms of support for the poor, over 1.7 million new houses have been built nationwide in recent years. The goal of the “450 days and nights” campaign, from October 2024 to the end of 2025, is to provide 200,000 houses using the state fund for those with meritorious service to the country, and about 88,000 units for the poor and ethnic minority people under the national target programmes. The campaign also looks to eliminate over 153,000 makeshift and dilapidated houses for poor and near-poor households.
A key highlight of the Government’s social welfare policy is the National Target Programme on Socio-Economic Development in Ethnic Minority and Mountainous Areas for the 2021 - 2030 period, and the Ethnic Affairs Strategy for the 2021 - 2030 period, with a vision towards 2045.
Early 2025 has already seen remarkable improvements in these regions, with 25 out of 52 centrally-run cities and provinces achieving a poverty reduction rate of over 3% annually among ethnic minorities. Additionally, the communities' average income more than doubled in five provinces since 2020, and preschool enrollment rates for five-year-olds have soared to over 98%.
When measured against GDP, Vietnam's education spending stands at a solid 4.9% (Photo: VNA)
Vietnam's educational landscape is equally impressive. All 63 cities and provinces nationwide have now reached and maintained primary education universalisation. With 17-19% of its total budget invested in education, Vietnam is on par, or even above, many countries with a higher development level like the US (13%), Indonesia (17.5%), and Singapore (19.9%). When measured against GDP, Vietnam's education spending stands at a solid 4.9%. In 2024 alone, this commitment translated into a substantial outlay of nearly 381 trillion VND for education and training.
In healthcare, the Ministry of Health achieved and surpassed all three key socio-economic targets set by the National Assembly last year, with the number of doctors per 10,000 people reaching 14, the number of patient beds per 10,000 standing at 34, the health insurance coverage rate at 94.1%. Between 2019 and 2022, Vietnamese citizens enjoyed a stable average life expectancy, fluctuating between 73.6 and 73.7 years. In 2023, life expectancy of Vietnamese women increased to 77.2 years while that of men rose to 72.1 years.
A nurse cares for newborns at the Hanoi Obstetrics and Gynecology Hospital (Photo: VNA)
The United Nations Development Programme (UNDP) once recognised Vietnam as one of the top countries globally in achieving the sustainable development goals and one of the best performers in Asia in meeting global goals.
Speaking about the fight against poverty in November 2024 at the G20 Summit in Rio de Janeiro, Brazil, Prime Minister Pham Minh Chinh stressed that Vietnam achieved the United Nations Millennium Development Goals a decade ahead of schedule, making it a success model in healing and restoring the wounds of war, eradicating hunger and reducing poverty.
Vietnam wishes to share valuable lessons: not sacrificing social welfare, progress, equity and the environment in pursuit of mere economic growth; placing people at the centre as the key focus and prioritising investment in human development, he said./.
Vietnam's economic prospects for 2025 are gaining momentum, bolstered by strong export growth, a rapidly expanding digital economy, and a robust e-commerce sector, according to analytics from prominent websites.
Prime Minister Pham Minh Chinh has issued a dispatch asking for concerted efforts to promote economic development in 2025 with an aim for a gross domestic product (GDP) growth rate of at least 8% in the year.
Vietnam's domestic market still holds significant untapped potential, and stimulating domestic consumption is a vital strategy to drive economic growth in the near future, according to economic experts.
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VietnamPlus e-newspaper of the VNA clinched an A prize in the “Outstanding Press Product” category for its immersive 3D multimedia project, “Epic of Reunification,” a groundbreaking blend of storytelling and technology. The VNA won another A prize for its eye-catching exhibition booth.
Today, the press for foreign service has evolved into a distinct, irreplaceable force, bridging Vietnam with the world and portraying a nation that is stable, peace-loving, and fully integrated into the international community.
At a review conference held on June 21, Deputy Minister of Construction Nguyen Van Sinh praised the province’s scientific, coordinated, and flexible approach. He noted that the early completion reflects the strong commitment of local authorities, the business community, philanthropists, and residents in improving housing conditions for disadvantaged groups.
The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
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Granma and the VNA have great potential for cooperation, especially in sharing content regularly, so that VNA products are published on Granma platforms and vice versa, thereby helping Cuban and Vietnamese people access true information and gain a deep understanding of each other's country and people.
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Vietnam and Cambodia are hoped to strengthen their robust collaboration across various sectors, particularly in resolving remaining border issues to transform the border area into a zone of peace, friendship, cooperation, and development.
The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
Since President Ho Chi Minh founded Thanh Nien (Young People) newspaper in 1925, the Vietnamese revolutionary press has become the voice of the people. During the resistance war against the colonialists, journalists took great personal risks to inspire patriotism and the will of rising up against foreign invaders.
The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
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With strong support from local authorities, businesses, organisations, and residents, the province has successfully built or repaired 10,707 homes for disadvantaged households, including war veterans, families of martyrs, ethnic minority people, and low-income residents.
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