National Assembly Passes Resolution to Maximize Socio-Economic Development for 2026-2030
On April 24, the National Assembly of Viet Nam passed an important resolution aimed at achieving the rapid and sustainable national development goals for the 2026-30 term. The resolution called for the country to achieve an average GDP growth rate of over 10 per cent per year, while maintaining economic stability, controlling inflation and ensuring fiscal balance. The resolution affirmed that by 2030, GDP per capita is expected to reach U.S.$8,500 from its current level of approximately U.S.$5,100.
The resolution affirms that Viet Nam will become a developing country with modern industry and upper-middle income status by 2030, ranking among the world's top 30 economies by GDP size.
Along with these targets, the National Assembly emphasized the need to establish modern and sustainable development institutions, further synchronize infrastructure development projects, strengthen scientific and technological capacity as well as promote innovation and digital transformation. High priority is given to advancing the quality of human resources through education and training. Also stressed in the resolution is the need to further strengthen and popularize Vietnamese culture as a component part of socioeconomic development. The resolution aims to strengthen discipline among the people, enhance their safety and security and raise Viet Nam's profile and reputation on the world stage.
To achieve these goals, the National Assembly outlined a range of solutions, beginning with the completion of a modern, synchronized, and competitive institutional framework to create breakthroughs in economic growth. Viet Nam aims to place its business and investment environment among the top three in ASEAN (Association of South East Asian Nations) and the top 30 globally by 2028.
Of particular note is that the National Assembly called for the immediate replacement of "underperforming officials and those avoiding responsibility," while promoting and appointing those willing to take initiative and responsibility for the common good.
It also emphasized improving the quality of civil servants and public employees, with 2026 designated as a year focused on enhancing grassroots-level personnel, alongside the introduction of breakthrough policies to protect officials who take proactive measures to secure the well being of the people.
The resolution highlights the need to transform the economic growth model, restructure various sectors of the economy and create new economic models. Businesses are to be strengthened and measures taken to prevent economic crises and supply chain bottlenecks while ensuring a strong investment environment. The National Assembly authorized the Vietnamese government to adjust taxes and fees in "emergency situations."
The National Assembly resolution also called for enhancing and modernizing the national education system, improving training standards as well as identifying and utilizing talents in all spheres.
In the next five years there will be major infrastructure developments including expressways, ports, the development of a high-speed North-South rail line, the development of international rail links and urban rail systems.
The Assembly also called for a comprehensive review and analysis of stalled development projects, both public and private, and for solutions to be found so that these can move forward.
(With files from Nhan Dan. Photo: VNA.)
This article was published in
Volume 56 Number 26 - April 29, 2026
Article Link:
https://cpcml.ca/TML2026/Articles/T560264.HTM
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