Government targets at least 10% growth and per-capita GDP of $8,500 by 2030

Gov't aims for growth of 10% or higher, with per-capita GDP reaching 8,500 USD by 2030, according to Deputy Prime Minister Nguyen Van Thang. The government plans to present to Parliament the 2026-2030 five-year plan, outlining five guiding directions, 59 main targets, 11 groups of key solutions, and 92 tasks to be implemented in 2026. To realize these objectives, the Deputy PM said the government will focus on completing a synchronized, modern, and competitive institutional framework to trigger growth and establish a new growth model; shift the state management from 'pre-audit' to 'post-audit'. At the same time, raise the effectiveness of law enforcement; finalize standards, norms, and technical-economic standards; remove fundamental barriers and bottlenecks to developing the digital economy and investing in business. Along with that, transform the growth model; push for industry restructurings; develop the enterprise sector and new economic models; renew growth drivers and exploit new development space. Modernize the national industrial base; develop a robust domestic market as a cornerstone for growth; broaden and diversify markets, and participate deeply in global supply chains. The Deputy PM also emphasized growth coupled with macroeconomic stability, inflation control, ensuring major balances, and preventing economic crises; unlock and diversify supply chains and financing channels. Coordinated, unified, and flexible use of fiscal, monetary, and other macro policies; develop the capital market as a long-term funding channel. Modernize the banking system; address weak banks, cross-ownership; improve credit quality and safety of the system. In addition, a minimum 50% reduction in compliance costs and time for administrative procedures is targeted. The government also prioritizes science, technology, innovation, and digital transformation; complete institutional and legal frameworks; remove bottlenecks in science and technology with results and acceptable risk; prioritiz absorption, transfer, application, and mastery of foundational and strategic technologies, especially digital technology. By 2030, the share of the digital economy is expected to reach about 30% of GDP. The Deputy PM also urges the development of a comprehensive, modern infrastructure system; urbanization; investment in expressways, international port hubs, major airports, high-speed rail on the North-South axis, international rail connections, and urban rail; by 2030, over 5,000 km of expressways in use. Develop energy infrastructure to meet high growth while ensuring energy security. Prioritize digital infrastructure modernization and development of national and large-scale data centers. He also notes sustainable social development; ensure progress and social equity, improve livelihoods; manage and use resources efficiently; protect the environment; proactively adapt to climate change. Improve management of land, resources, and minerals, especially marine resources and rare earths. Basic handling of air pollution, flooding, and traffic congestion in major cities like Hanoi and Ho Chi Minh City. Simultaneously, reinforce national defense and security; pursue an independent, autonomous, peaceful, foreign policy; closely monitor international developments and prepare timely response scenarios. "Unify thought, awareness, ambition, and action; reform governance and implementation; translate the goal of achieving two-digit growth into concrete annual programs and plans; monitor and evaluate results using performance criteria. Increase information and public communication to reinforce public trust and aspiration for development," the Deputy PM stated. For 2026 specifically, the main tasks include: completing the framework of institutions and laws; cutting at least 50% of administrative costs and compliance time compared with 2024; completing standards, norms, and technical-economic norms in various sectors; developing science, technology, and innovation, and accelerating digital transformation; addressing backlog projects; mobilizing and using resources efficiently.