State Bank of Vietnam participates in government conference on businesses’ role in achieving double-digit growth

The State Bank of Vietnam reported that Deputy Governor Nguyen Ngoc Canh attended a government conference chaired by Prime Minister Pham Minh Chinh on how businesses can contribute to double-digit economic growth and on recognising the business community’s contribution. The Prime Minister set out an objective of average growth of 10% or more over 2026–2030 and called for a stronger shift toward a growth model driven by science and technology, innovation and digital transformation, with enterprises positioned as the central actors in implementation. In his remarks, the Prime Minister cited domestic and international challenges including rising trade protectionism, geopolitical conflict, climate change, population ageing, resource depletion and the energy transition. He urged renewed traditional growth drivers and the development of new ones, including green transformation, the circular economy and other emerging economic models, and called for scaling up the enterprise base from household businesses to companies and from small and medium-sized enterprises to larger and global firms. The agenda also included leveraging the digital economy, the green economy and free trade agreements to move up global value chains, raise labour productivity and improve human capital, alongside identifying institutional, policy and resource constraints the state should remove to support business breakthroughs.