General Secretary and President To Lam: 38 million billion VND is needed for the new development phase.

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General Secretary and President To Lam made this statement at the recent conference to disseminate the Resolution of the 2nd Plenum of the 14th Central Committee. VnExpress .

Specifically, in his closing remarks at the conference, the General Secretary and President To Lam It emphasizes a consistent message: the direction is clear, the system is complete, and the remaining issue is action – doing it right, doing it decisively, and doing it effectively until the end.

Following the 14th National Congress and the first session of the 16th National Assembly, the development path was clearly established; the organizational structure and personnel of the entire political system were basically complete.

In this context, the requirement is no longer to discuss direction but to implement it in a coordinated, focused, and targeted manner. to bring about a noticeable change and spread as a driving force for development throughout society.

Tổng Bí thư, Chủ tịch nước Tô Lâm phát biểu tại hội nghị (Ảnh: Dân trí) General Secretary and President To Lam speaks at the conference (Photo: Dan Tri)

According to calculations, the new development phase requires approximately 38 million billion VND, of which state Capital for only about 8.5 million billion VND, with the remainder to be mobilized from the private sector, businesses, and other resources.

In the new structure, state Capital plays the Vai of "seed Capital ," leading and mitigating initial risks; meanwhile, enterprise Capital and FDI It needs to be oriented towards high value-added sectors, innovation, and knowledge-based value chain . Foreign Capital must be used selectively, linked to the country's absorption capacity and long-term repayment ability.

Besides the points already mentioned, according to information cited by Dan Tri newspaper, General Secretary and President To Lam also pointed out a noteworthy reality: in many places and at many levels, the development mindset is still heavily reliant on "relying on what already exists".

"An economy that wants high, sustainable growth and the potential for breakthroughs cannot operate solely on a single resource, and certainly cannot place the entire burden of development on the Vai of the State," the head of the Party and State emphasized.

The General Secretary also stated that the State needs to shift from the role of a direct investor to the Vai of designing and creating an environment where all resources in society are mobilized and allocated according to market signals, within a transparent and stable institutional framework.

Simultaneously, the financial market – including Capital, credit, and bonds It needs to truly become a channel for medium and long-term Capital into the real economy, directing money towards production, infrastructure, and innovation.

Furthermore, in the context of international instability, particularly factors such as the conflict in Iran impacting energy prices, the need to ensure energy security has become more urgent than ever.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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