Hanoi (VNA) – The Government will focus on consolidating and enhancing the effectiveness of traditional growth drivers, while strongly promoting and leveraging new growth engines to achieve double-digit growth in 2026 and subsequent years, according to Deputy Minister of Finance Nguyen Duc Chi who also outlined major solution groups.
Multiple solutions underpin double-digit growth prospects
Speaking at the Government’s regular press conference on January 8, the Deputy Minister said that the solutions include further improving institutions and legal frameworks to remove bottlenecks and shift governance from control to facilitation; mobilising and efficiently allocating development resources, with public investment playing a leading role.
Priorities also include accelerating a strong shift in the growth model based on science, technology, innovation and digital transformation; fostering the private sector as a key growth engine in line with Resolution No. 68-NQ/TW; and developing strategic infrastructure, particularly transport, digital and energy systems, to support rapid and sustainable growth.
With decisive and synchronised leadership and effective implementation of these solutions, the growth targets set for 2026 are well grounded and achievable, the Deputy Minister affirmed.
Reviewing the country’s socio-economic performance in 2021–2025, the official said that the period was marked by exceptionally complex global and domestic developments, with mounting risks and uncertainties. The COVID-19 pandemic caused unprecedented disruptions to socio-economic development, while intensified strategic competition and geopolitical conflicts among major powers reshaped the global economic and trade order. In addition, reciprocal tax policies by the US have had strong spillover effects on Vietnam, given its highly open economy.
Despite these challenges, Vietnam has demonstrated strong resilience, maintaining high growth rates and ranking among the world’s leading growth performers. The country has retained its sovereign credit ratings at BB+ and Ba2 with stable outlooks from Fitch, S&P and Moody’s. International organisations have continued to recognise and highly value the Government’s policy management and Vietnam’s medium-term growth prospects.
The International Monetary Fund has placed Vietnam among the world’s top 10 fastest-growing economies, while Standard Chartered forecasts Vietnam to be among Asia’s five fastest-growing. The World Bank has also listed Vietnam among 21 economies with outstanding performance in 2025.
These positive assessments confirm that Vietnam’s macroeconomic foundations remain stable, reinforcing confidence among businesses, investors and the public, and creating favourable conditions for expanding production and investment, Chi said.
Special mechanisms drive transport infrastructure breakthroughs
On transport infrastructure development, Nguyen Tri Duc, Chief of Office and Spokesperson of the Ministry of Construction, noted that the 13th National Party Congress identified modern and synchronised infrastructure as a strategic breakthrough, with priority given to nationally important, large-scale and regionally connected projects, particularly the eastern North - South expressway from Cao Bang to Ca Mau.
During the 2021–2025 period, substantial resources were allocated to infrastructure development across all transport modes. Despite challenges related to institutional bottlenecks, site clearance delays and construction material shortages, the National Assembly, Government and Prime Minister introduced multiple special mechanisms, decentralised project management to localities and implemented coordinated solutions to resolve obstacles in a timely manner.
As a result, 2,182 km of expressways were completed during the term. By the end of 2025, around 3,345 km of main expressway routes and 458 km of interchanges and connecting roads will be operational nationwide, exceeding targets and completing the North - South expressway from Cao Bang to Ca Mau.
When institutions are unblocked, policies are flexible and resources are mobilised effectively, transport infrastructure will continue to serve as a powerful driver for economic growth, contributing to the successful implementation of the Resolution of the 14th National Party Congress, Duc said./.
