2026 is considered particularly important as it marks the first year of the 2026-2030 five-year socio -economic development plan. Prime Minister Pham Minh Chinh has instructed ministries, sectors, and localities to focus on implementing key tasks and solutions in a coordinated manner to lay the foundation for achieving double-digit growth, with a spirit of effort from the very first day, month, and quarter. According to experts, achieving this goal requires a series of synchronized solutions implemented decisively.
Dr. Le Duy Binh, Director of Economica Vietnam, believes that to achieve double-digit growth, Vietnam needs to comprehensively improve its market economy institutions, establish a new growth model, restructure the economy, and promote science and technology, innovation, and digital transformation.
According to him, the government needs to enact breakthrough mechanisms and policies to develop new economic models and large-scale key projects; at the same time, it needs to strongly reform administrative procedures, shifting from pre-approval to post-approval, and strengthen inspection and supervision. Ministries and sectors must play a central role in removing institutional bottlenecks and consolidating the confidence of businesses and investors.
He emphasized that the legal system should not only focus on removing obstacles but also aim to foster development, create incentives for businesses to expand production and operations, and participate more deeply in the economy.
Vietnam needs to do a lot to achieve double-digit growth in 2026. (Illustrative image)
Sharing the same view, expert Tran Hoang Ngan also emphasized three strategic breakthroughs that Vietnam needs to persistently implement. Firstly, a breakthrough in institutions, making the investment environment more flexible and improved.
Secondly, administrative reform is needed, along with increased decentralization and delegation of power to remove bottlenecks and unleash the potential and strengths of each locality.
And finally, there's the breakthrough in high-quality human resources. The Politburo 's important resolutions on breakthroughs in science, technology, innovation, national digital transformation, and education and training development have removed obstacles to attracting this workforce to the country.
" These initiatives have been underway for many years, but in 2026 – the first year of this new era – we need to accelerate even further, aiming for double-digit growth. I believe that growth in 2026 will be much better than in 2025 ," Mr. Ngan said.
Strengthening the foundation, opening a new growth cycle.
Mr. Le Trung Hieu – Deputy Director of the Statistics Department (Ministry of Finance) – believes that entering the 2026-2030 period, the Vietnamese economy faces a context of many fluctuations, with intertwined opportunities and challenges. To maintain and achieve high growth targets in the coming years, the economy needs extraordinary efforts and a synchronized convergence of conditions regarding macroeconomic stability, resources, development quality, and policy management capacity.
According to him, maintaining macroeconomic stability remains a crucial foundation. Controlling inflation, ensuring public debt safety, maintaining major balances, and managing fiscal and monetary policies flexibly and cautiously will create a favorable environment for investment, production, and business, and enhance the resilience of the economy.
Furthermore, the effective mobilization and utilization of resources for growth is crucial. Public investment needs to continue playing a leading role, focusing on key infrastructure and nationally important projects, ensuring timely disbursement, improving the efficiency of capital allocation, and avoiding wasteful spending. Simultaneously, it is necessary to create favorable conditions for the private sector to develop more strongly, attracting FDI in a selective manner, linked to technology transfer, environmental protection, and strengthening linkages with the domestic sector.
He also emphasized the need to improve the quality of growth, gradually shifting from a model heavily reliant on capital and labor to one based on productivity and efficient resource allocation. Breakthroughs in labor productivity need to be promoted through the application of science and technology and digital transformation, especially in high-tech industries; while focusing on training human resources aligned with market needs to create a foundation for sustainable development.
Furthermore, the continued improvement of the market economy institutions, ensuring transparency, stability, and consistency of policies, along with close coordination among macroeconomic policies, will contribute to enhancing the effectiveness and efficiency of governance and promoting growth drivers.
To achieve double-digit growth, experts believe that a comprehensive and flexible approach is needed. (Illustrative image)
A strategic breakthrough opens up new avenues for development.
During the discussion on the documents of the 14th Party Congress on the morning of January 21st, Mr. Nguyen Anh Tuan – Deputy Head of the Central Committee's Policy and Strategy Department – proposed five strategic solutions aimed at bringing Vietnam's economic growth to double digits in the coming period.
According to him, the most important foundation remains maintaining macroeconomic stability, enhancing resilience, and ensuring the strategic autonomy of the economy. Based on this, it is necessary to renew traditional growth drivers while simultaneously creating and effectively exploiting new growth drivers to ensure rapid and sustainable development in both the short and long term.
Alongside this, it is necessary to accelerate the restructuring of the economy, promoting industrialization and modernization based on science and technology, innovation, and digital transformation. Areas such as the digital economy, data economy, green economy, and circular economy need to be strongly developed; while effectively exploiting the economic space of the sea, low-altitude space, outer space, and even the underground economic space.
He also emphasized maximizing the role of economic sectors, especially the private sector; improving the efficiency of the state-owned economic sector; developing the collective economy in a substantive and sustainable manner; and enhancing the quality of attracting and utilizing FDI according to new standards. Economic growth zones, corridors, and growth poles need to continue playing a leading role.
At the market level, it is necessary to more effectively exploit international markets, diversify partners, and develop the domestic market to become a sustainable growth engine. The export strategy must shift strongly from price competition to competition based on brand, high standards, and products with high technological content and added value; and to more fully utilize free trade agreements and emerging markets.
Mobilizing and effectively utilizing resources, especially investment capital from three sectors – public investment, domestic private investment, and FDI – is also considered a key solution. Developing a diversified capital market to mobilize medium and long-term resources; encouraging venture capital funds and fintech companies to facilitate capital flows to small and medium-sized enterprises and startups; and attracting selective FDI, prioritizing high technology and energy efficiency.
Ultimately, breakthroughs in economic institutions, human resources, science and technology, innovation, and infrastructure are identified as the long-term foundation for rapid and sustainable growth. According to Mr. Nguyen Anh Tuan, solutions need to be implemented synchronously but with a focus, concentrating on removing bottlenecks and obstacles while simultaneously unleashing powerful drivers that spread throughout the economy.
PHAM DUY
Source: https://vtcnews.vn/muc-tieu-tang-truong-2-con-so-thoi-diem-cua-nhung-quyet-sach-lon-ar1002835.html
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