Strategic solutions to ensure double-digit economic growth proposed at 14th National Party Congress

Regarding the practical foundations for achieving the economic growth goal, Vice Chairman of the Party Central Committee’s Commission for Policies and Strategies Nguyen Anh Tuan noted that, built on existing achievements and the nation’s aspiration for renewal and advancement, Vietnam possesses sufficient conditions, potential, and policy space to realise this goal.

Vice Chairman of the Party Central Committee’s Commission for Policies and Strategies Nguyen Anh Tuan speaks at the 14th National Party Congress (Photo: VNA)
Vice Chairman of the Party Central Committee’s Commission for Policies and Strategies Nguyen Anh Tuan speaks at the 14th National Party Congress (Photo: VNA)

Hanoi (VNA) – Vice Chairman of the Party Central Committee’s Commission for Policies and Strategies Nguyen Anh Tuan, who is also a member of the Party Central Committee, on January 21 delivered a presentation at the 14th National Party Congress, clarifying strategic solutions to ensure double-digit economic growth in the 2026–2030 period.

Tuan said that the requirement for high and sustainable double-digit growth in the coming period is extremely urgent and cannot be delayed in order to fulfil the country’s strategic development objectives through 2030 and 2045.

Regarding the practical foundations for achieving the economic growth goal, he noted that, built on existing achievements and the nation’s aspiration for renewal and advancement, Vietnam possesses sufficient conditions, potential, and policy space to realise this goal. Overall economic efficiency remains modest, leaving room for improvement, he said, affirming that if strengths and untapped potential are fully promoted, bottlenecks removed, and resources effectively mobilised, breakthrough growth can be generated. All economic sectors still hold considerable growth potential, while many new drivers and resources for development have yet to be fully exploited.

may.jpg
Viet Thang JEAN Co., Ltd. exports millions of products each year to the EU, the US, Japan, and the Republic of Korea. (Photo: VNA)

The current domestic and international context presents significant challenges, but also offers favourable opportunities for Vietnam to narrow development gaps and accelerate its rise. Against this backdrop, the Commission for Policies and Strategies proposed several key strategic solutions to promote double-digit growth in the coming period.

First, macroeconomic stability must be firmly maintained, economic resilience strengthened, and strategic autonomy ensured, thereby laying a solid foundation for rapid and sustainable growth in both the short and long term. Traditional growth drivers should be renewed and accelerated, while new growth engines must be proactively developed and effectively harnessed.

Second, the economic restructuring should be accelerated in parallel with industrialisation and modernisation, with science and technology, innovation, and digital transformation serving as the primary drivers.

Third, priority will be given to effectively exploiting and diversifying international markets, and strengthening the domestic market as a truly sustainable growth driver. Export strategies need to be restructured, shifting from price-based competition toward branding, higher standards, and products with greater technological content and added value.

Fourth, resources, especially capital, must be mobilised and used more effectively through public investment, domestic private investment, and foreign direct investment.

Fifth, it is necessary to intensify breakthroughs in economic institutions, human resources, science and technology, innovation, and infrastructure to form a solid foundation for fast and sustainable growth, said Tuan.

The official stressed that these solutions must be implemented in a concerted yet focused manner, with the aim to address key bottlenecks while activating growth drivers with strong spillover effects. He affirmed that the commission will continue to closely coordinate with ministries, sectors, and localities to provide timely policy advice, contributing to the successful implementation of the Resolution of the 14th National Party Congress and to Vietnam’s rapid and sustainable development./.

VNA

See more

Workers process tra (pangasius) for export (Photo: VNA)

Vietnam–Singapore trade continues to thrive

For the year as a whole, Vietnam retained its position as Singapore’s 10th largest trading partner. Bilateral trade reached a record high of nearly 40 billion SGD, up 26.2% from the previous peak of 31.67 billion SGD recorded in 2024.

Eric Van Vaerenbergh, an energy expert and lecturer at the Brussels Engineering School (ECAM) (Photo: VNA)

Belgian expert optimistic about Vietnam’s economic outlook

Vietnam should move from a growth model based mainly on expanding capital and labour to one driven by productivity improvements. He said that this requires enhancing the quality of the workforce, particularly engineers, technicians, and managers in industrial sectors.

Workers at the VSIP Hai Phong industrial and urban complex, which specialises in producing electronic components for office equipment. (Photo: VNA)

Roadmap aims to improve business climate and boost competitiveness

By the end of 2026, Vietnam aims to rank among the world’s top 50 performers in the United Nations Sustainable Development Goals, advance at least three places in the International Property Rights Index, and climb at least one position in the Global Innovation Index.

Vietnam is strengthening its position in the technology value chain, becoming a major manufacturing hub for complete consumer electronics products. (Photo: VNA)

ESG standards offer opportunities to reposition Vietnam’s electronics firms

The 2025-2027 period will be a critical turning point, as exporters to the European market will be required to strictly comply with ESG standards, including net-zero emissions roadmaps, labour standards, corporate governance and transparency requirements. As a key export sector, the electronics industry is being directly and strongly affected by this shift.

A production line for camera modules and electronic components at the factory of MCNEX VINA Co. Ltd, a Republic of Korean-invested company in Phuc Son Industrial Park, Ninh Binh province. (Photo: VNA)

Science, technology, innovation as engines of economic growth

To ensure that science and technology truly act as a powerful growth engine, experts emphasised the need for the Government to put in place supportive mechanisms and policies that encourage enterprises to invest in research and development, while strengthening cooperation among the State, research institutions and the business sector.

The headquarters of the Ministry of Industry and Trade in Hanoi (Photo: VNA)

PM updates lead roles to drive UKVFTA forward

The Ministry of Industry and Trade (MoIT) is named the lead agency, with overall responsibility for the agreement’s general goals and definitions, trade remedies, non-tariff barriers to trade and investment in renewable energy, competition policies, State-owned enterprises, enterprises with special or exclusive rights and those with designated monopolies, as well as institutional, general and final terms.

Vietravel Airlines is taking measures to enhance service quality and optimise operations amid high travel demand during Tet. (Photo: VNA)

Vietravel Airlines to add new route serving Lunar New Year travel peak

During the peak period of the Lunar New Year (Tet) festival in 2026, Vietravel Airlines plans to operate six – eight flights daily on the Ho Chi Minh City – Hanoi route, three flights daily on the Ho Chi Minh City – Da Nang and Ho Chi Minh City – Vinh routes; and two flights daily on the Ho Chi Minh City – Quy Nhon route.

The completion of Can Tho - Ca Mau expressway has helped shorten travel time from Can Tho to Ca Mau to just one hour and a half (Photo: VNA)

Can Tho–Ca Mau expressway fully opens from January 19

The new section, together with the Can Tho–Hau Giang segment that has been operating smoothly since late December last year, has completed the entire 110.85-km route. With total investment exceeding 27.52 trillion VND (1.04 billion USD), the four-lane expressway is built to modern standards and serves as a key transport artery linking major economic and political centres, industrial zones and seaports in the southwestern region.