Deputy Governor Doan Thai Son represented the State Bank of Vietnam at an expanded meeting of the Standing Committee of the National Assembly’s Economic and Financial Committee, which conducted a preliminary appraisal of the Government’s updated assessment of the 2021-2025 five-year socio-economic development plan and the draft resolution for the 2026-2030 plan, alongside a supplementary review of 2025 results and implementation of the 2026 plan. Updated 2025 data presented by the Ministry of Finance indicated that all 15 out of 15 key targets were met, with GDP growth revised to 8.02% and average inflation at 3.31%. Total trade turnover reached USD 930 billion, GDP per capita was USD 5,026, and state budget revenue was VND 2,650 trillion, 34.74% above the estimate. For 2026-2030, the Government proposed 30 key targets including average GDP growth above 10% a year, GDP per capita of about USD 8,500 by 2030, the digital economy reaching 30% of GDP, urbanisation above 50%, and placing Vietnam’s business environment among the global top 30 by 2028. Participants called for deeper assessment of potential fiscal risks, growth quality and market issues, and highlighted the need to improve public investment efficiency while pursuing investment around 40% of GDP and targeting labour productivity growth of 8.5%. The committee chair requested relevant bodies to keep updating and aligning the reports to support National Assembly deputies’ consideration and decision at the first session of the 16th National Assembly, and the meeting also carried out an initial review of the 2025 report on thrift and anti-waste efforts.

Original source View in tracker