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The double-digit growth target sets very high demands, but it is 'not out of reach'.

The National Assembly voted to approve the Resolution on the Socio-Economic Development Plan for 2026, which stipulates a target of a gross domestic product (GDP) growth rate of 10% or more, along with a target of GDP per capita of 5,400 - 5,500 USD.

Báo Tin TứcBáo Tin Tức14/11/2025

Photo caption

Representative Nguyen Thi Viet Nga ( Hai Phong ) answers questions from a VNA reporter. Photo: Hai Ngoc/VNA

Speaking to the press on the sidelines of the National Assembly about this high economic development target, several National Assembly deputies affirmed that this is a very significant political commitment, reflecting strong expectations for a new phase of national development.

Delegate Nguyen Thi Viet Nga (Hai Phong) expressed strong agreement and stated that the GDP growth target of 10% or more is not only a goal for 2026, but also a target already outlined in the draft document submitted to the 14th Party Congress, demonstrating a high degree of consensus between medium-term and long-term goals.

Delegates argued that this growth rate reflects strong political determination. This goal places very high demands on governance, institutional reform, and labor productivity improvement. Looking at the overall picture—from supply chain shifts, breakthroughs in innovation and digital transformation, to the ability to leverage new-generation free trade agreements (FTAs) and the implementation of important Politburo resolutions—delegates believe this goal is "not out of reach" if the right, effective, and timely solutions are implemented.

To achieve this, according to delegate Nguyen Thi Viet Nga, it is necessary to continue improving institutions, unleashing development resources, focusing on removing barriers related to investment, land, construction procedures, and the business environment; reforming credit policies towards practical support for production and business; and promoting digital transformation, green economy, and circular economy.

Delegates also proposed accelerating the disbursement of public investment, developing the domestic market to restore purchasing power, further stabilizing the macroeconomy, controlling inflation, and ensuring major balances by closely and flexibly coordinating monetary and fiscal policies.

Representative Truong Xuan Cu (Hanoi) stated that the 10% GDP growth target is a very significant political aspiration, and increasing it from over 8% (in 2025) to 10% represents "a tremendous leap forward." According to the representative, "The entire political system and all citizens must participate," including household and private businesses; at the same time, policies and strategies need to have "a very high degree of openness" to respond to the changing global situation.

Delegates also argued that it is necessary to continue to leverage strengths such as ensuring the progress of construction and disbursement of public investment, while continuing to practice thrift and combat waste and corruption. Regarding external factors, it is necessary to continue attracting FDI to take advantage of science and technology as well as management expertise, while also significantly increasing exports and expanding export markets. In particular, delegates noted the importance of macroeconomic stability and inflation control, especially since lowering interest rates to facilitate business could potentially lead to inflationary issues; and the need for decisive policies to address the rising global gold prices and the value of the US dollar.

Delegate Tran Anh Tuan (Ho Chi Minh City) shared his belief that the 10% growth target for 2026 and subsequent years is "achievable," despite it being a "major challenge." To realize this goal, according to the delegate, Vietnam needs to effectively mobilize domestic and foreign resources such as financial, human, and material resources, and efficiently utilize existing resources, especially large resources like land.

Furthermore, delegates emphasized the need to "unleash productive capacity," create a strong consumer market for domestically produced goods, and diversify export markets. Delegates also noted the need to overcome bottlenecks in markets with "high reciprocal tariffs," such as the current US market.

The solutions and political determination put forward by National Assembly delegates show that achieving double-digit growth targets next year and in subsequent years requires thorough preparation, from freeing up and mobilizing all development resources to diversifying export markets...

Source: https://baotintuc.vn/thoi-su/muc-tieu-tang-truong-2-con-so-dat-ra-yeu-cau-rat-cao-nhung-khong-ngoai-tam-voi-20251114144557560.ht


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