The function aims to outline a specific roadmap to realize the subcommittee’s important tasks, which are to build two documents to serve to the congress: the 10-year socio-economic development strategy for 2021-2030, and the five-year socio-economic development plan 2021-2025.

The PM, who is head of the subcommittee, underlined the need to envision future fluctuations that the country may encounter over the next five to 10 years, in order to design appropriate response.

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Prime Minister Nguyen Xuan Phuc (standing) speaks at the meeting

He suggested pooling the intelligence of organizations and individuals, especially think tanks and research institutes.

The Government leader urged the subcommittee to work hard so as to complete the detailed drafts for the 2021-2030 socio-economic development strategy and the 2021-2025 socio-economic development plan by April next year.

He said it is necessary to make deep analysis of the Vietnamese economy at present to identify problems such as shortcomings of the capital market and land market, the inappropriate allocation of resources and ineffective operation of State enterprises, with a view to proposing solutions.

The PM required that the documents should clarify the relations between the economy, society, and the environment, the connections between rapid and sustainable development as well as between comprehensive development and development of key sectors along with which are the key sectors, so as to ensure a self-reliant and open economy alongside international integration.

The 13th National Party Congress is scheduled to be held in the first quarter of 2021.

Source: VNA