Suggest solutions for double-digit growth

kinh tế - Ảnh 1. — Illustration photo using AI technology - Made by: TUAN ANH

This is the first time since the 1986 Renovation that the National Assembly has passed a resolution setting a GDP growth target of double digits or more. Tuoi Tre has recorded additional opinions from National Assembly deputies suggesting ways to achieve this target.

Delegate Tran Van Tuan ( Bac Ninh ):

Consider small and medium enterprises as the backbone of the economy

In the coming time, in addition to continuing to promote growth drivers from public investment, attracting FDI and exports, it is necessary to quickly realize viewpoints, goals, tasks and solutions in the spirit of Resolution 68 of the Politburo on private economic development.

Thereby creating stronger motivation from the private economic sector, especially from small and medium enterprises to promote rapid and sustainable economic development. Focus on continuing to build and perfect the legal system with breakthrough mechanisms and policies, creating an open and transparent environment, encouraging the development of the private economy. Especially in terms of land, infrastructure, investment, finance, credit, administrative procedures, science and technology, innovation, digital transformation, human resource training...

It is necessary to urgently study and amend the Law on Support for Small and Medium Enterprises 2017 to overcome some shortcomings that have been exposed after more than 7 years of implementation.

As the criteria for defining small and medium enterprises are still general, there is no clear policy to support specific digital transformation, innovation and international integration, there is no clear priority for the group of micro enterprises, business households transformed into enterprises and creative startups. This will create a breakthrough in the development of small and medium enterprises in the coming period.

Along with identifying the private economy as the most important driving force of the national economy, it is also necessary to consider small and medium enterprises as the backbone of the economy. Because like most countries in the world, the proportion of small and medium enterprises in Vietnam today in the total number of enterprises operating in the economy is always very high, currently accounting for 98%.

kinh tế - Ảnh 2. — The development of metro networks and urban areas along public transport routes plays an important role in economic development - Photo: QUANG DINH

Delegate Le Huu Tri (Khanh Hoa):

Lack of determination and formality will make it difficult to achieve the goal.

The National Assembly and the Government have spent a lot of time focusing on reviewing bottlenecks caused by strong, decisive, innovative institutional bottlenecks and innovative thinking in legislative work, fixing bottlenecks wherever they occur.

Even in a short period of time, one law is amended many times, one law amends many laws, shortening the time to pass laws but still cannot overcome the bottlenecks, obstacles, and knots from mechanisms, policies, and laws.

This knot is untied, another knot arises, this bottleneck is untied, another bottleneck appears...

Policies and laws will be difficult to effectively implement in practice if the team of cadres and civil servants planning to implement policies lack strategic vision, courage and responsibility, lack breakthroughs and determination to solve problems until the final results are achieved.

If we set clear goals, have a long-term vision, and have a stable and open legal system, but the process of leadership, management, and implementation of policies and laws lacks decisiveness, is half-hearted, and is heavy on slogans and formalities, it will be difficult to achieve short-term goals.

This requires more objectivity and responsibility in assessing the qualifications, capacity, responsibility, and ethics of officials and civil servants in order to appoint leaders and managers with enough heart and capacity to arrange the right people for the right job.

Delegate Nguyen Dai Thang (Hung Yen):

Foreign investment shifts from quantity to quality

To effectively implement the 2026 socio-economic development plan, it is necessary to strongly transform the growth model from breadth to depth, placing innovation productivity and science and technology as the central driving force.

It is recommended that the Government increase investment in research and development to at least 1.5% of GDP; encourage businesses to allocate funds for science and technology, and exempt taxes for applied research businesses; there should be a national innovation support fund to support technology businesses, supporting industries and digital transformation.

Regarding foreign investment attraction, we must shift from quantity to quality. According to statistics, more than 70% of export turnover belongs to the FDI sector but domestic added value has not reached expectations.

Therefore, there needs to be a selective policy, prioritizing projects with commitments to technology transfer, using Vietnamese human resources and linking with domestic enterprises. For example, in the field of electronics industry and semiconductor chip manufacturing, Vietnam can fully take advantage of the opportunity to restructure the global supply chain if it has appropriate land, infrastructure and human resources policies.

The improvement of legal institutions is an urgent requirement. This is still identified as the bottleneck of bottlenecks, so it is recommended that the Government continue to review the entire system of legal and sub-legal documents, continue to review and thoroughly cut cumbersome procedures to create the most open and convenient administrative procedures for people and businesses. Increase the predictability and stability of policies, publicize and make transparent socio-economic data, and at the same time, it is necessary to further improve institutions to protect officials who dare to think and dare to do, for the common good, combined with strict administrative discipline and order.

Delegate Tran Hoang Ngan (HCMC):

Soon issue decrees and circulars guiding private economic development

Regarding the implementation of Resolution 68 of the Politburo and Resolution 198 of the National Assembly on special mechanisms and policies for the development of the private economy, we currently see that there is still a delay in issuing decrees and circulars to guide private enterprises and business households to have access to resources.

Specifically, regarding land, production and business premises, house rental, land, public assets, financial support, credit, tax, preferential fees in contractor selection, support for enterprises applying science and technology, innovation, e-commerce development, support for the formation of large enterprises, private economic groups of global stature, capable of competing with the world and having many creative startup unicorns.

In particular, it is necessary to soon institutionalize Article 5 of Resolution 198 of the National Assembly, in which the principle of handling violations and resolving business cases must prioritize civil, economic and administrative measures first.

We must persistently and continuously carry out three strategic breakthroughs for many more years, especially in terms of institutions and pay special attention to the institutions of urban areas, the driving forces of economic development.

Professor Nguyen Thi Canh (University of Economics and Law, Ho Chi Minh City National University):

Must focus on key industries

Hiến kế giải pháp tăng trưởng hai con số - Ảnh 3.

If we want to achieve GDP of 10% or more, we need to develop in depth, prioritizing growth poles that are sustainable and have long-term development.

The first thing to do to achieve this goal is to invest in technology innovation, focus on digital transformation and prioritize digital economic development. These are basic requirements that the key industry in this new era needs.

The second is investing in people, preparing a high-quality and knowledgeable workforce.

At the same time, we must change institutions and mechanisms to make them more open because if we want businesses and people to join hands to realize the double-digit growth target, the business environment must be open.

To deal with social issues, local authorities must have the courage and authority to make immediate decisions, avoiding waiting, causing influence, and wasting social resources.

It is necessary to give autonomy to localities, from autonomy in land use, infrastructure development, investment attraction, public investment disbursement... Promoting rapid and strong public investment disbursement will also help realize this goal.

Directing credit flows into production and business

That is one of the contents mentioned in the resolution on the socio-economic development plan for 2026.

To achieve the growth target of 10% or more, along with 14 other targets, the National Assembly requested the Government and relevant agencies to continue to prioritize promoting growth associated with maintaining macroeconomic stability, controlling inflation and ensuring major balances of the economy, public debt, and state budget deficit within prescribed limits.

Closely, effectively and flexibly coordinate fiscal policy, monetary policy and other macroeconomic policies, in which fiscal policy is reasonably expanded, focused and key, and monetary policy is proactive, flexible, timely and effective.

Regulate interest rates and exchange rates in line with the macroeconomic situation and set targets, meeting capital needs at reasonable costs for the economy. Direct credit flows to production and business sectors, priority sectors, and growth drivers of the economy. Control credit in potentially risky sectors, effectively manage the gold market, real estate market, and stock market.

The National Assembly also requested the Government to focus on perfecting the synchronous institutions and laws, strongly innovating thinking, promoting strategic breakthroughs, improving the effectiveness of law enforcement; accelerating the reduction and simplification of administrative procedures, and improving the investment and business environment.

At the same time, proactively research the situation to promptly advise on policy development, especially controlled testing mechanisms for new economic models, technology-based businesses and digital platforms, creating a legal corridor for new, non-traditional issues (artificial intelligence, digital transformation, green transformation, data resource exploitation, etc.).

Continue to build and perfect the mechanism and policies for the development of special economic zones in Van Don, Van Phong, Phu Quoc, free trade zones, and international financial centers in Vietnam. Perfect the legal framework to promote safe, transparent, effective, and sustainable development of all types of markets (finance, securities, science and technology, labor, real estate, etc.). Resolutely cut and simplify administrative procedures and business regulations, and prevent the emergence of new procedures, business regulations, standards, norms, and new techniques that are inappropriate and lacking feasibility.

"By 2026, 100% of unnecessary or conflicting, overlapping investment and business conditions or general, non-specific, and unclear regulations will be reduced and simplified; 100% of investment and business conditions of industries and professions not included in the list of conditional investment and business sectors and professions of the Investment Law will be abolished; 50% of the time to handle administrative procedures and 50% of the cost of complying with administrative procedures will be reduced compared to 2024," the resolution emphasized.

Associate Professor, Dr. Nguyen Huu Huan (Ho Chi Minh City University of Economics):

Fast but sustainable growth

Hiến kế giải pháp tăng trưởng hai con số - Ảnh 5.

Setting a GDP growth target of 10% by 2026 is a challenge, requiring attention to stability and sustainability, even caution. If we want to grow quickly but still sustainably and in the long term, we must still focus on the key elements of the economy.

Because monetary and fiscal policies do not decide everything. We must focus on labor productivity, which is the decisive factor in creating sustainable growth momentum and creating real output for the economy.

To achieve the target of growth of over 10% continuously for 20 years, we need to have longer-term strategies. But it must be emphasized that monetary policy now no longer has much room to stimulate the economy. Not to mention that if the US maintains its current monetary policy, we will not have much room to do that.

Ho Chi Minh City will also shoulder a large part of the responsibility for this goal. From there, the city needs to focus on the real economy, the main growth drivers: financial services, seaports and logistics, and high technology.

Firstly, the international financial center will be an important driving force to promote the economic growth of the city as well as the whole country. The international financial center also plays an important role in attracting capital and foreign investment into Vietnam. It must be said that if we want to maintain economic growth of 10% for many years, we need an extremely large amount of capital, and domestic capital certainly cannot meet the demand.

Second, free trade zones combined with international transit ports (Cai Mep - Thi Vai port cluster, Can Gio) will create an international transit station that can be called the largest in Southeast Asia. To do this, it is necessary to develop infrastructure and logistics systems. Third, the factor is the development of industrial parks and high-tech development (old Binh Duong).

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Source: https://tuoitre.vn/hien-ke-giai-phap-tang-truong-hai-con-so-20251114083607066.htm