The resolution outlines several key economic objectives, including a total economic output exceeding $500 billion, an increase in GDP per capita to over $5,000, and inflation control within the range of 4.5-5%.

To achieve these goals, the National Assembly urged the government to adopt a new legislative mindset, shifting from strict control to development-oriented regulation. Emphasis will be placed on enhancing post-implementation monitoring rather than excessive pre-approval restrictions.

Lawmakers called for a departure from the traditional “if we can’t manage it, we ban it” approach, instead encouraging innovation while holding officials accountable for policy execution.

Le Quang Tung, Secretary-General of the National Assembly, stressed the need for special policies to unlock the potential of key economic zones such as Van Don, Van Phong, and border economic areas.

The government was also instructed to finalize policies for economic governance that promote efficiency, reduce bureaucracy, and eliminate administrative bottlenecks.

The resolution prioritizes infrastructure development as a fundamental driver of economic growth. Vietnam will focus on completing Long Thanh International Airport, expanding key seaports such as Lach Huyen, and commissioning Terminal 3 at Tan Son Nhat and Terminal 2 at Noi Bai Airports.

Additionally, the groundbreaking of Lien Chieu Port will be expedited. To support these efforts, the National Assembly approved an additional VND 84.3 trillion ($3.4 billion) in public investment funds sourced from 2024 budget savings.

Beyond infrastructure, Vietnam will focus on streamlining administrative procedures to attract domestic and foreign investment.

The government is tasked with boosting private sector participation, particularly integrating small and medium enterprises (SMEs) into global supply chains.

It will also promote the expansion of national enterprises to compete internationally while ensuring state-owned enterprises (SOEs) play a stronger role in high-impact, large-scale investments.

Lawmakers emphasized the need to eliminate inefficient public investment and the “ask-give” bureaucracy to foster a more transparent business environment.

Vietnam's economic development strategy also includes addressing challenges in the real estate, capital, and corporate bond markets.

Immediate measures will be taken to resolve bottlenecks in these areas, while investment approval processes for key infrastructure projects, such as Can Gio International Seaport, will be accelerated.

The government is expected to push forward with offshore wind and nuclear energy projects and ensure the timely implementation of Power Development Plan 8 (PDP8) to meet the nation’s growing energy demands.

The National Assembly also called for an expansion of visa exemptions to European and Middle Eastern travelers to boost tourism. The country aims to attract between 22 and 23 million international visitors in 2025, alongside 120-130 million domestic travelers.

A key pillar of Vietnam’s future growth lies in innovation and the digital economy. The government will promote artificial intelligence, big data, and digital transformation in line with Resolution 57.

Investments in space exploration, the marine economy, and underground infrastructure will also be prioritized. The establishment of national venture capital funds, startup incubators, and scientific research initiatives will further drive technological advancements.

To attract top talent, Vietnam will introduce policies encouraging skilled Vietnamese professionals abroad to return and contribute to the country’s science and technology sectors.

Major initiatives, such as the development of the National Data Center and the establishment of international financial hubs in Ho Chi Minh City and Da Nang, are expected to enhance Vietnam’s competitiveness in the global digital economy.

The National Assembly called on all Vietnamese citizens, both domestically and abroad, to contribute to achieving 8% GDP growth in 2025.

This ambitious goal is seen as a stepping stone toward double-digit economic expansion in the years to come.

Thu Hang