For synchronous implementation, the focus must be on resolving growth bottlenecks and “chokepoints” while stimulating drivers with high spillover effects across the entire economy.

Presenting a keynote paper at the ongoing 14th
National Congress of the Communist Party of Việt Nam on January 21, Vice Chairman of the Party Central Committee’s Commission for
Policies and Strategies Nguyen Anh Tuan, clarified the
practical foundations and proposed a strategic framework aimed at realizing the
goal of double-digit economic growth for the 2026–2030 period, meeting the
nation’s requirements for rapid and sustainable development.

First, the strategy emphasizes maintaining
macroeconomic stability, enhancing economic resilience, and upholding strategic
autonomy to provide a solid foundation for both short- and long-term growth.
Alongside this, there must be a strong push to revitalize traditional growth
drivers while simultaneously creating and effectively exploiting new ones.

Second, the country must continue to accelerate
economic restructuring in tandem with industrialization and modernization,
positioning science, technology, innovation, and digital transformation as the
primary engines of growth. The focus will be on developing the data economy,
digital economy, green economy, and circular economy. Furthermore, the strategy
highlighted the effective exploitation of new economic frontiers, including
marine space, low-altitude airspace, outer space, and underground space.

The proposal also called for maximizing the potential
of all economic sectors, particularly the private sector; enhancing the
efficiency of the State-owned economy; and developing a sustainable collective
economy. Vietnam will continue to improve the quality of Foreign Direct
Investment (FDI) attraction based on new global standards. The leading roles of
dynamic economic zones, economic corridors, and growth poles were also
underscored.

Third, Vietnam aims to exploit international markets
more effectively and diversify export destinations, while simultaneously
developing the domestic market into a sustainable growth engine. The export
strategy will be restructured to pivot from low-cost competition to brand-based
exports characterized by high standards, advanced technology, and high added
value. This involves fully leveraging Free Trade Agreements (FTAs) and tapping
into emerging markets.

Fourth, the strategy focuses on the mobilization and
efficient utilization of resources, particularly capital, through three main
channels: public investment, domestic private investment, and FDI.

To achieve this, the Government will promote private
investment and develop diverse capital markets to secure medium- and long-term
funding. The plan encourages venture capital models and fintech companies to
unlock capital flows for small and medium-sized enterprises (SMEs) and
startups. Selective FDI attraction will prioritize high-tech and
energy-efficient projects.

Fifth, there must be a strong push for breakthroughs
in economic institutions, human resource development, science and technology,
innovation, and infrastructure. These are considered the bedrock for rapid and
sustainable growth in the coming period.

Emphasizing the need for synchronous implementation,
Mr. Tuan stated that the focus must be placed on resolving growth bottlenecks and
“chokepoints” while stimulating drivers with high spillover effects
across the entire economy.

On this basis, Vietnam aims to establish and deploy a
new growth model driven primarily by improvements in productivity, quality, and
competitiveness—underpinned by science, technology, innovation, and digital
transformation—to ensure the efficient use of all national resources.

VNeconomy-Lý Hà