Create momentum and force for higher development in the coming period

Continuing the 50th Session, on the morning of October 15, under the direction of Vice Chairman of the National Assembly Vu Hong Thanh, the National Assembly Standing Committee gave opinions on the Government's reports on the results of implementing the socio-economic development plan for 2025, the expected socio-economic development plan for 2026; the results of implementing the National Assembly's Resolutions on the 5-year plan for the period 2021-2025: socio-economic development, economic restructuring.

Báo Đại biểu Nhân dân•15/10/2025

Vice Chairman of the National Assembly Vu Hong Thanh chaired the meeting. Photo: Pham Thang

Expected to achieve and exceed 15/15 main targets of 2025

Briefly presenting the Government's report on this content, Deputy Minister of Finance Nguyen Duc Chi said that the socio-economic situation in 2025 continued to achieve many important and comprehensive results in most areas, basically achieving the set general goals, expected to achieve and exceed 15/15 main targets of 2025.

The outstanding results are that macroeconomic stability is maintained, economic growth is high, inflation is controlled, major balances are ensured, public debt and budget deficit are much lower than the allowed limits. GDP growth in the first 9 months reached 7.85% compared to the same period, the whole year is estimated to reach 8%, achieving the set target, the highest in the region and among the top in the world. GDP scale is estimated at about 510 billion USD, ranking 32nd in the world and 4th in ASEAN; GDP per capita is estimated at over 5,000 USD, becoming an upper middle-income country.

State budget revenue in the first 9 months reached 1.92 million billion VND, equal to 97.9% of the estimate, up 30.5% over the same period, while the reduction and extension of taxes, fees and charges in the first 9 months of 2025 was about 200 thousand billion VND. Credit growth improved, lending interest rates decreased; preferential credit packages were actively implemented, especially for the agriculture, forestry and fishery sectors. The average consumer price index (CPI) growth rate in the first 9 months increased by 3.27%, the whole year is estimated at about 4%, lower than the set target (4.5-5%). Energy security, food security, and labor balance are ensured.

Deputy Minister of Finance Nguyen Duc Chi presented a summary of the Government's report. Photo: Pham Thang

Also according to the Government's report, in the past 9 months, the contents and tasks have been resolutely and urgently implemented, with efforts to fully and seriously implement, ensuring the requirements and progress of the revolution to arrange and streamline the Government's apparatus and administrative units at all levels, and implement the 2-level local government organization model. The improvement of institutions and laws has achieved many outstanding results, especially the thinking of law-making, removing bottlenecks, clearing resources for development, creating clear changes in the investment and business environment; continuing to effectively prevent and combat corruption, waste and negativity.

Delegates attending the meeting. Photo: Pham Thang

Breakthroughs in science and technology, innovation, and digital transformation have achieved some positive results such as: promulgating the List of strategic technologies and strategic technology products; putting into operation the National Data Center and National Database...; cultural and social development has made many clear advances; social security is guaranteed; people's lives continue to improve...

“With the above comprehensive results of 2025, it is expected to achieve and exceed 22/26 main socio-economic targets for the 2021-2025 period, approximately achieving 2/26 targets, 2/26 targets not yet achieved, especially in the context of many difficulties, we have completed all social targets, creating momentum and force for higher development in the coming period”, the Deputy Minister emphasized.

In the general assessment of the implementation of the 5-year Socio-Economic Development Plan 2021 - 2025, the Government said that although there are more difficulties and challenges than opportunities and advantages, and there are still some limitations and shortcomings, under the leadership of the Party, headed by the General Secretary, and the efforts of the entire political system, we have basically completed the goals, targets and tasks of socio-economic development in the 2021-2025 period, basically each year is better than the previous year; creating momentum, creating position, creating force and a solid foundation for the next stage of high development.

Regarding the 2026 Socio-Economic Development Plan, the Government proposed to prioritize promoting growth on the basis of maintaining macroeconomic stability, controlling inflation, ensuring major balances, public debt, and state budget deficit within prescribed limits. The expected GDP growth target for 2026 is to strive to reach 10%, GDP per capita to reach 5,400 - 5,500 USD, and the consumer price index (CPI) growth rate of about 4.5%...

There needs to be high initiative and flexibility in policy management.

Briefly presenting the Preliminary Review Report, Chairman of the Economic and Financial Committee Phan Van Mai said that the Standing Committee highly appreciated the strong and decisive decisions, the spirit of daring to think, daring to do and the flexible and timely management of the Government. Thanks to that, many positive results were achieved, many targets exceeded forecasts in the context of unprecedented difficulties, creating an important foundation to strengthen confidence, stabilize the macro-economy and open up favorable space for rapid and sustainable development in the coming time.

Chairman of the Economic and Financial Committee Phan Van Mai presented a summary of the Preliminary Review Report. Photo: Pham Thang

The Standing Committee also said that despite many positive results, the economy still faces many difficulties when policy space is narrowed, growth momentum is not strong, while with the current structure of the capital market and interest rate level, continuing to loosen monetary policy is extremely challenging.

“To complete the 2025 target, in the 2021-2025 period, it is necessary to continue to firmly stabilize the macro economy, tightly manage monetary policy, promote the leading role of focused expansionary fiscal policy, and at the same time promote institutional reform, traditional growth drivers and strongly develop new growth drivers, creating momentum for sustainable development for the 2026-2030 period,” Chairman of the Committee Phan Van Mai emphasized.

Regarding the 2026 Socio-Economic Development Plan, the Standing Committee of the Committee believes that the 2026 context requires high proactiveness and flexibility in policy management, both stabilizing the macro economy and enhancing endogenous capacity, resilience and taking advantage of opportunities to restructure the global supply chain to increase national competitiveness. Strongly develop new driving forces, such as digital transformation, green energy, innovation and high-tech industry, while promoting the private economic sector to become a real driving force of growth. It is necessary to create clear changes in law enforcement, improve the business environment and develop high-quality human resources, thereby building a solid foundation for rapid and sustainable development.

Source: https://daibieunhandan.vn/tao-the-tao-da-tao-luc-cho-phat-trien-cao-hon-trong-giai-doan-toi-10390450.html