Noi Bai-Lao Cai Expressway. Synchronised infrastructure development is a crucial part of 2024 development plan. (Photo: VNA) The directive acknowledges that in the coming year, domestic andinternational circumstances necessitate a continued focus on overcominglimitations and weaknesses, while building upon and promoting the achievedresults.
Efforts must be made to address difficulties and challenges andstrive for the highest level of completion of the designated tasks. Theseendeavours will contribute to the successful implementation of the objectivesoutlined in the five-year socio-economic development plan for 2021-2025.
In line with this, the Prime Minister has called upon ministries,central agencies, government bodies, economic groups, state corporations,provinces, and centrally-run cities to concentrate on constructing thesocio-economic development plan for 2024.
To fulfil this directive, ministries, central agencies, andlocalities are required to develop a report on the Socio-Economic DevelopmentPlan for 2024. These reports should primarily assess the implementation of theSocio-Economic Development Plan for 2023. By evaluating and estimating theimplementation of the plan across all sectors and fields assigned to them,ministries, central agencies, and localities should provide a comprehensive,substantive, and accurate account of the results achieved.
The evaluation should particularly emphasise maintainingmacroeconomic stability, controlling inflation, promoting growth, and ensuringkey economic balances. In this regard, specific aspects such as credit management,interest rates, and timely capital allocation for production and businessactivities need to be clarified.
Additionally, the evaluation should cover industrial production,import and export trends, social investment attraction, foreign direct investment(FDI) capital, corporate bonds and securities markets, and the real estatesector. It should also address disease prevention and control measures, thestrengthening of healthcare systems, and the resolution of shortages in humanresources, medicines, equipment, supplies, and biomedical products.
Moreover, the directive highlights the need to achieve significantbreakthroughs in perfecting the socialist-oriented market economy institution,improving the legal system and law enforcement organisations, and developinghigh-quality human resources while increasing the application of science,technology, and innovation. Synchronised infrastructure development is also acrucial aspect to be considered.
The socio-economic development plan for 2024 should be based on acomprehensive and accurate assessment of the situation and the results achievedin the implementation of the 2023 plan. It should also take into account thecurrent and future national, regional, and international contexts, as well asthe opportunities and challenges faced by various industries, sectors, andlocalities.
The plan should effectively respond to minimise any adverseimpacts on the country's socio-economic development. Furthermore, it shouldalign with the guidelines set by the Party, resolutions of the NationalAssembly and the Government, directives from the Prime Minister, the 2021-2030Socio-economic Development Strategy, and the five-year plan for 2021-2025.
Given the significance of the year 2024 in completing thefive-year plan, especially considering the long-term consequences of theCOVID-19 pandemic, the objectives, orientations, and solutions outlined in theplan must be robust, decisive, and effective. They should ensure feasibilityand synchronisation while aligning with the capacities of various sectors,levels, and localities. The plan should facilitate resource mobilisation,allocation, and utilisation, driving substantial and transformative changes insocio-economic development and successfully accomplishing the goals of the2021-2025 plan.
Main orientations and tasks
Ministries, and central and local agencies should thoroughlyexamine and propose the major orientations and tasks for 2024, ensuringconsistency with common goals while considering the practical conditions anddevelopment levels of each industry and locality.
These tasks should firmly adhere to and translate the viewpoints,goals, three strategic breakthroughs, six key tasks, twelve main task groups,and solutions outlined in the Resolution of the 13th Party NationalCongress into concrete actions.
The orientations should maintain macroeconomic stability, controlinflation, promote growth, and ensure key economic balances; acceleraterestructuring efforts, enhance internal capacity, self-reliance, resilience,and adaptability of the economy; coordinate fiscal, monetary, and other macropolicies effectively; ensure credit availability for the economy, with a focuson production, business activities, priority areas, and growth drivers; promotedomestic market development, expand export markets, diversify products andsupply chains, and strive for a sustainable trade surplus.
Other major orientations include continuing to build and completethe institution of a socialist-oriented market economy; improving the qualityand efficiency of administrative and judicial activities, providing judicialassistance, and enforcing judgments; accelerating the construction ofstrategic infrastructure, particularly national transport infrastructureprojects that are key, inter-regional, and urban in nature; and enhancing thequality and effective utilisation of human resources.
State budget estimate for 2024
The directive outlines the task of developing the state budgetestimate for 2024 and a three-year state budget-financial plan covering theperiod from 2024 to 2026. The focus should be on the following key contents:
To begin with, the state budget revenue estimate for 2024 mustalign with current policies and regimes, ensuring the correct, sufficient, andtimely collection of state budget revenues. This should be accompanied byanalysis and forecasting of the situation, which involves closely assessing theability to realise the state budget revenue in 2023 as well as estimating therevenue for 2024.
Factors such as changes in legal policies on tax support, fees,and charges, the implementation of a tax reduction roadmap tofulfil commitments to international economic integration, and the increaseor decrease in budget revenue due to the government's commitments to foreigninvestors should be specifically calculated.
Furthermore, administrative reform measures should be vigorouslyimplemented to modernise revenue management, strengthen the fight againstrevenue loss, especially in business and real estate transfer taxes,effectively manage new revenue sources arising from the development of thedigital economy and cross-border e-transactions, and enhance tax inspection andexamination to combat transfer pricing, tax evasion, and tax fraud.
The domestic revenue estimate for 2024 should strive for anaverage growth of about 5-7% compared to the estimated implementation in 2023(excluding factors of revenue increase and decrease due to policy changes).
The growth rate in each locality should be consistent witheconomic growth and revenue sources generated in that locality, taking intoaccount the strengthening of revenue management, combating revenue loss, andrecovering tax debts. Additionally, the estimated revenue from import andexport activities in 2024 is expected to increase by an average of 4-6%compared to the estimated implementation in 2023./.
VNA
