Mobilizing and utilizing capital effectively to promote economic growth in the period 2026-2023

(CPV) - On the morning of December 16th, in Hanoi, the Central Policy and Strategy Committee and the Government jointly chaired and directed the organization of the Vietnam Economic Forum 2025, Outlook 2026 (VEPF) with the theme "Vietnam's economy develops rapidly, sustainably, and with a green transformation in the digital age". The forum included one high-level plenary session and two thematic sessions.

Đảng Cộng Sản•16/12/2025

Vietnam Economic Forum 2025 – Outlook 2026.

Speaking at the thematic session on "Finance and Banking" with the theme "Mobilizing and effectively utilizing financial resources for economic growth targets in the 2026-2030 period," Mr. Pham Thanh Ha, Deputy Governor of the State Bank of Vietnam, raised the issue: One of the crucial challenges for achieving high growth targets is ensuring sufficient capital for the economy, while also using it effectively to promote a growth model based on science and innovation.

According to the Deputy Governor, Vietnam is facing the need for strong acceleration in the upcoming development phase. Therefore, the Government has set a target of achieving at least 8% economic growth in 2025 and aiming for double-digit growth in the 2026–2030 period. This is an important foundation for Vietnam to rise to the group of upper-middle-income countries by 2030 and move towards the goal of becoming a high-income country by 2045.

In this context, from the beginning of 2025 to the present, the Party and State have issued many important resolutions, most notably the group of resolutions considered strategic pillars for the new development phase, including policies on the development of science and technology, innovation and digital transformation; promoting international integration; perfecting legal institutions; as well as developing the private economic sector. These orientations are creating new momentum, mobilizing the synchronized participation of the political system, the business community, the people, and the intellectual workforce.

Proposing solutions to achieve the "double-digit" economic growth target for the 2026-2030 period, Deputy Minister of Finance Do Thanh Trung emphasized that with the motto of using domestic resources as a long-term strategy, and external resources as an important, regular, and breakthrough factor, mobilizing sufficient capital is a major task, but allocating it correctly, using it efficiently and transparently to create high added value is even more important. Therefore, in addition to mobilizing sufficient capital, the issue of allocating it correctly and using it transparently and efficiently to create high added value needs to be prioritized.

Deputy Minister Do Thanh Trung also stated that fiscal policy needs to continue playing a constructive role in long-term growth, managed proactively, sustainably, and with a focus on key areas, prioritizing development investment and social security in the structure of state budget expenditures.

At the same time, the capital market continues to be strengthened and developed to become the main channel for mobilizing medium and long-term resources for the economy, gradually reducing pressure on the banking credit system as well as enhancing the transparency and safety of the market…

In particular, institutional reform and the creation of a transparent and stable legal environment are identified as fundamental and decisive solutions to retain financial resources and attract businesses, especially investors with long-term strategies, to Vietnam.

At the thematic forum "Finance - Banking," delegates focused their discussions on three key areas: forecasting capital needs and the ability to mobilize resources to support high growth in the 2026-2030 period; key directions for banking credit policies and capital market development; and proposing policies to further enhance the role of financial and monetary entities in effectively mobilizing and utilizing domestic and foreign financial resources.

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