Suggestions for achieving double-digit growth.

On the morning of March 27, Prime Minister Pham Minh Chinh chaired a conference to honor businesses that contributed to double-digit growth and to express gratitude to businesses.

Sharing his views with businesses , the Prime Minister stated that entering the 2026-2030 period, the 14th National Congress of the Party reaffirmed the goal of achieving an average growth rate of 10% or more. This is a national mandate, guiding the country steadily into a new era – an era of wealth, prosperity, civilization, and affluence. However, the domestic and international context still presents many challenges, such as increasing trade protectionism, political conflicts, climate change, population aging, resource depletion, and energy transition, which are major obstacles.

The Prime Minister affirmed that the Government listens to opinions with sincerity, shares from the heart, acts with concrete results, and removes difficulties and obstacles for businesses to contribute to achieving the two strategic goals for the 100-year period.

Prime Minister Pham Minh Chinh chaired a conference to express gratitude to businesses that contributed to double-digit growth.

PHOTO: NHAT BAC

The bank will disburse 1 trillion VND.

At the conference, Mr. Le Ngoc Lam, General Director of BIDV Bank, stated that in 2026, with an average growth rate of approximately 11-12% as assigned by the State Bank of Vietnam, state-owned commercial banks are expected to increase disbursements by about 1 trillion VND to meet the capital needs of the economy. The banks' credit capital will focus on priority sectors such as agriculture, exports, manufacturing, energy, and digital transformation. These are important drivers of economic growth. Mr. Lam proposed that the Government allow the sale of non-performing loans at market prices (potentially lower than the original cost of the loan) while ensuring that the process is conducted in a transparent and open manner to release resources currently tied up by non-performing loans.

Mr. Luu Trung Thai, Chairman of the Board of Directors of Military Commercial Joint Stock Bank (MB), assessed that in the short term, achieving double-digit growth is a challenge, but maintaining that growth in the long term is an even more difficult task. Therefore, sustainable macroeconomic stability is a mandatory requirement, with interest rate stability being the core. Without maintaining low financial costs, businesses will lack the incentive to expand investment. In this ecosystem, the banking sector plays a crucial role in ensuring capital for the regular production and business activities of private enterprises.

To achieve the goal of reducing lending interest rates and easing the financial burden on businesses, the Chairman of MB believes that it is necessary to strictly control three main factors: bank management costs, input capital costs (interest rates on savings deposits), and control of bad debt risk costs.

Create a mechanism for large enterprises to support small enterprises.

Sharing his perspective from the viewpoint of small and medium-sized enterprises (SMEs), Mr. Nguyen Van Than, Chairman of the SME Association, believes that the most important key to resolving current bottlenecks and promoting rapid growth lies in optimizing coordination among the four key stakeholders.

The first group consists of officials and civil servants within the government apparatus; the second group comprises large corporations and enterprises in Vietnam's private sector; the third group includes enterprises with foreign direct investment (FDI); and the fourth group consists of small and medium-sized enterprises (SMEs) along with 5.2 million business households. "In reality, the linkages between these groups are still very weak; the mechanism of 'big players' supporting 'smaller players' has not truly formed and become effective," Mr. Than stated, adding that small businesses are limited in resources and find it very difficult to proactively mobilize support from large corporations without an official mechanism.

Furthermore, the leading role must be played by the team of officials and civil servants – those who directly serve and facilitate businesses. However, a worrying reality is that in many ministries, departments, and units, some officials with expertise use complex theories or personal biases to create difficulties for business projects. "Public officials must be the ones to lead, direct, and propose solutions to overcome obstacles, while we businesses are the forces directly 'fighting' on the economic front. If the 'leading force' is not functioning smoothly, businesses will face many barriers," Mr. Than shared.

We hope that businesses will play a pioneering role.

Concluding the conference, Prime Minister Pham Minh Chinh emphasized that the two centenary goals remain unchanged, and achieving them requires double-digit economic growth for many years. Businesses must also seize opportunities to grow and develop; the state must implement policies to ensure businesses can invest with confidence and protect their legitimate rights and interests.

The Prime Minister reiterated that at the recent Central Committee Conference 2, General Secretary To Lam affirmed the "four core principles" for double-digit economic growth: substantive, high-quality, and sustainable growth; macroeconomic stability, inflation control, economic growth, and ensuring major balances; utilizing all resources for development; and ensuring that the people benefit.

Expressing his desire for businesses to play a pioneering role, the Prime Minister emphasized that businesses are central and key players in achieving double-digit growth targets . He stressed that all policies must be geared towards businesses to support their development, and that businesses must participate alongside the government in building and perfecting mechanisms and policies, developing infrastructure, and improving national governance. He stressed the importance of businesses pioneering development, transforming household businesses into enterprises, small and medium-sized enterprises (SMEs) into large enterprises, and large enterprises into multinational corporations, leading to increased overseas investment…

Regarding the concept of "public-private partnership," the Prime Minister stated that public-private cooperation is possible in any field or activity, especially in resource mobilization, scientific research, and human resource training; contributing to combining internal and external strengths, the state and the people; and if all relevant entities achieve double-digit growth, we will achieve the set goals.

Vietnam is ready to have in-depth discussions with the IMF.

On the afternoon of March 27, Prime Minister Pham Minh Chinh received the delegation of International Monetary Fund (IMF) officials led by Mr. Martin Sommer, who were visiting and working in Vietnam.

During the meeting, the Prime Minister informed the IMF delegation about the situation and development orientation of Vietnam in the coming period, as reaffirmed by General Secretary To Lam at the recent Central Committee Conference 2. Vietnam is striving to achieve double-digit growth in the coming years to realize two 100-year strategic goals: to become a developing country with upper-middle income by 2030, and a developed country with high income by 2045.

In the coming period, Vietnam's growth targets will not only rely on stimulating demand, but will also be based on a sustainable foundation, including factors such as institutional improvement, science and technology and innovation, digital transformation, green transformation, labor productivity and competitiveness… Vietnam promotes rapid but sustainable growth, and importantly, the people must benefit from the fruits of this process.

Prime Minister Pham Minh Chinh affirmed that Vietnamese government agencies are ready to engage in in-depth exchanges and share information as stipulated, working with the IMF to develop assessments and recommendations that are consistent with Vietnam's realities and development goals; and for the sake of peace, cooperation, and development in the region and the world.

VNA

Establishing superior mechanisms for strategic areas.

For special economic zones and strategic development areas such as Van Don, Van Phong, and Phu Quoc, as well as free trade zones and international financial centers, it is urgent to build superior and groundbreaking mechanisms and policies that are competitive with economic and tourism centers in the region. It is proposed to allow the designation of strategic investors to implement key projects under a special mechanism, ensuring consistency. Allowing foreigners to own residential and commercial properties for 50-70 years in certain areas would attract international investment and promote the development of high-end tourism and services...

Mr. Dang Minh Truong , Chairman of the Board of Directors of Sun Group

Expanding the economic space internationally.

It is necessary to recognize that expanding the economic space internationally is a crucial pillar of national growth. Overseas investment is not just about going out, but about organizing the economy in a two-way direction: both expanding outwards and attracting global resources into Vietnam. Besides existing traditional markets, attention should be paid to developing markets in ASEAN, South Asia, the Middle East, Africa, and Latin America. Focus should be placed on key areas such as strategic infrastructure; high-tech industries; and high-value service sectors capable of attracting international spending.

Mr. Tao Duc Thang , Chairman and CEO of the Military Telecommunications and Industry Group (Viettel)

Source: https://thanhnien.vn/hien-ke-tang-truong-2-con-so-185260327223420376.htm