Prime Minister Pham Minh Chinh outlines action plan for the 2026-2030 term to accelerate growth and sustainable development

Prime Minister Pham Minh Chinh has issued an action-oriented message for the new term, urging decisive implementation from the outset of 2026-2030. He said the government aims for high growth and rapid development that remains sustainable, building on momentum created by the 14th National Congress of the Party.

Milestone of the 14th Congress and lessons from 2021-2025

The Prime Minister described the 14th Congress as a turning point that “opened a new momentum for development,” creating a foundation for Vietnam to enter a fast-growth phase. He emphasized the need to seize opportunities and overcome challenges to move the country forward more quickly.

Looking back at 2021-2025, he characterized the period as difficult, citing the COVID-19 pandemic, geopolitical volatility, natural disasters, and climate change. He said the political system had to operate flexibly, balancing epidemic control with economic recovery.

He reiterated the approach used during the period: “prioritize the health and lives of the people above all,” alongside an implementation mindset of “what has been said is to be done; what has been pledged must be implemented; what has been done must be effective.” He said this helped Vietnam “turn risk into opportunity,” while maintaining growth and macroeconomic stability.

Economic performance and social progress

The Prime Minister said Vietnam remains in the high-growth group regionally. He cited the economy’s scale rising from $346 billion to $514 billion, and per capita income surpassing $5,000. He also noted that inflation has been controlled, while public debt and major macroeconomic balances have been kept stable.

On social outcomes, he said the poverty rate has been reduced to about 1.3%, and the social safety budget is at the highest level ever. He stressed the consistent view that development must go hand in hand with progress and fairness, with the goal of “no one being left behind.”

Infrastructure and digital transformation

Infrastructure and digital transformation were highlighted as key areas supporting faster development. The Prime Minister said more than 3,300 kilometers of expressways have been completed, improving interregional connectivity. He also stated that the 5G network covers over 90% of the population and that e-commerce is growing rapidly, creating new development space.

International context and growth targets for 2026-2030

In the new term, the Prime Minister pointed to an international environment moving toward fragmentation, with more intense strategic competition and shifting supply chains and capital flows. He specifically noted that the conflict in the Middle East since early 2026 has disrupted energy supply, contributing to inflationary pressures and higher production costs worldwide.

Despite these challenges, he said Vietnam can use them to restructure the economy toward greener, digital, and more sustainable directions. Against this backdrop, he said double-digit growth targets are set for 2026-2030, describing them as a “mandatory requirement” for Vietnam to break out and join the group of higher-income countries. He emphasized that growth must be substantive, with sustainability at the core rather than speed alone.

Refreshing growth engines and strategic breakthroughs

The article said Vietnam must refresh growth engines. In addition to investment, consumption, and exports, it highlighted science and technology, innovation, and digital transformation as central drivers.

It also stated that public investment will continue to act as a “catalyst” to lead social investment, especially in transport infrastructure, energy, logistics, and digital infrastructure. Policies will aim to unlock private and foreign capital, guided by “mutual benefits, shared risk.”

The Prime Minister identified three strategic breakthroughs: institutions, human resources, and infrastructure. Institutions are described as a “breakthrough within breakthroughs,” requiring the removal of bureaucratic licensing and the creation of a transparent business environment. Human resources will focus on improving technological skills, foreign languages, and artificial intelligence. Infrastructure will be advanced with targets including more than 5,000 kilometers of expressways, high-speed rail development, and large data centers.

Transition to a science-and-technology and green growth model

The article outlined a shift in the growth model toward science and technology, innovation, and green transformation. It said sectors such as semiconductors, artificial intelligence, and renewable energy will be prioritized to create new competitive advantages.

Social priorities and administrative reform

From a social perspective, the Prime Minister said welfare must not be sacrificed for growth. He pointed to synchronized implementation of programs on social housing, healthcare, education, and poverty reduction, aiming to raise the quality of life rather than only incomes.

Administrative reform is also proposed with clearer requirements, shifting the apparatus from “management” to “service” and significantly reducing procedures and costs for citizens and businesses. The plan envisions cutting the time and cost of administrative procedures by 50%.

Implementation focus for the new term

From operational practice, the Prime Minister drew five major lessons, including maintaining strong leadership, quickly adjusting policies to new circumstances, leveraging nationwide solidarity, and placing people at the center. He also emphasized decentralization clearly, following the principle of “six Ms: clear people, clear tasks, clear responsibilities, clear authorities, clear timing, clear results.”

At the end of the message, he urged action from the start of the term, stating: “if we have strived, we must strive harder; if we have already resolved, we must be more determined.” He said each decision should not only address immediate problems but also shape the country’s future for decades to come.