Positioning Vietnam in the new context and strategic economic and financial vision for the period 2026 - 2030

(PLVN) - On December 5, the Ministry of Finance coordinated with the German International Cooperation Agency (GIZ) and the United Nations Office for Project Services (UNOPS) to organize the Vietnam Economic and Financial Forum with the theme "Positioning Vietnam in the new context and strategic vision for the economic and financial period 2026 - 2030.

Báo Pháp Luật Việt Nam•06/12/2025

This is an event inherited and developed from the Vietnam Financial Forum organized annually by the Ministry of Finance since 2017.

Speaking at the Forum, Deputy Minister of Finance Do Thanh Trung emphasized that Vietnam is facing a new development stage with many strategic goals set in a very new context.

From the outside, the world economy and politics continue to fluctuate strongly, especially from April 2025 when tariff tensions, geopolitical conflicts and many security hotspots escalate, making the global environment more uncertain and having multi-dimensional impacts on Vietnam's economy.

In the country, the 2024-2025 period will witness a series of strategic orientations and breakthrough policies issued by the Party and Government , creating a foundation for rapid and sustainable growth. From July 2025, the restructuring of the apparatus and reorganization of territorial space will continue to be implemented, opening up new resources for development.

For Vietnam, the development requirement is urgent: by 2030, it will become a developing country with modern industry and high average income; and by 2045, it will become a developed country with high income. This requires Vietnam to reposition itself in the new context, create breakthroughs in resource mobilization, innovate the growth model and expand the development space in a sustainable direction.

Therefore, this year's Forum is organized to identify external opportunities and challenges, determine the space and driving forces for a new growth model that meets the requirements and goals set for the period from now to 2030. More importantly, it suggests strategic steps and solutions to key issues of the economy.

According to Deputy Minister Do Thanh Trung, Vietnam needs to establish a new growth model, in which: total factor productivity, investment efficiency, scientific and technological breakthroughs and innovation must become the core foundation. This model requires a harmonious combination of traditional growth drivers (investment, export and labor) with new growth drivers (digital economy, green economy, knowledge economy, circular economy...).

Establishing a new growth model requires resonance and close connection between economic sectors, in which the State plays a creative and leading role, focusing on strategic infrastructure and establishing a transparent legal framework, the private economy is the driving force for creativity and spreading innovation, playing a leading role in digital economy, processing industry, and high-quality services.

FDI is a selective and oriented supplementary resource to link the transfer of new generation technology and international standards (ESG). At the same time, it is necessary to effectively exploit new growth spaces from regions, localities and growth poles; and promote the leading role of dynamic regions.

This is not only a requirement for growth model innovation but also a strategic orientation for Vietnam to realize its goals by 2030 and 2045.

Director of the Institute of Economic and Financial Strategy and Policy Nguyen Nhu Quynh assessed that Vietnam is facing a reality that is not pessimistic, but not too optimistic either. The growth structure is backward, there is a risk of falling behind, and it may not be able to escape the middle-income trap. Vietnam is also facing a reality where major "bottlenecks" have not been resolved and are still persistent.

Vietnam is also facing a complex context with more challenges than opportunities, while setting a very big goal. “It will be very difficult to achieve new results without a new approach. The point to emphasize is new thinking, new leadership methods, new growth models, unlocking new resources and new spaces. In which, new development thinking is inclusive of everything,” Mr. Nguyen Nhu Quynh emphasized.

The Vietnam Economic - Financial Forum 2025 consists of two sessions: The first session with the theme "Strategic orientation for economic - financial development: Perfecting the foundation for sustainable development"; and the second session with the theme "Creating new driving forces for growth": will discuss and seek new driving forces for Vietnam's economy in the new context, focusing on pillars such as science and technology, innovation, private economic development and green transformation.

Comment (0)