On behalf of the Politburo, General Secretary To Lam recently signed Conclusion No. 203, which outlines the continued implementation of key tasks and solutions to ensure Vietnam meets its 2025 growth targets and lays a strong foundation for double-digit growth in the following years.

The Politburo noted that Vietnam’s economic growth remains broad-based and below potential, heavily reliant on public investment and credit, with significant regional disparities.

Growth continues to depend on external factors, especially foreign direct investment (FDI), while vast potential in local sectors, particularly the private economy, remains untapped.

The restructuring of the economy, transition to a new growth model, and implementation of strategic breakthroughs have progressed slowly. Macroeconomic fundamentals have yet to reach full sustainability.

In recent times, the Central Committee, Politburo, and Secretariat have issued numerous resolutions, conclusions, and directives to stimulate breakthroughs in various sectors, particularly by promoting rapid and sustainable growth during this new phase of national development.

The Politburo acknowledged that growth targets for 2025 and the 2026–2030 period are highly ambitious and present considerable challenges. Meeting them requires careful, foundational, and immediate preparation to seize strategic opportunities without delay.

In response, the Politburo ordered an immediate focus on finalizing preparations for market mechanisms, financial and monetary institutions, and platforms such as the international financial center, digital asset exchanges, and gold trading floors.

Among other urgent directives, the Politburo emphasized the need to break ground on major national projects related to transportation, energy, infrastructure, and public investment - including the eastern North-South Expressway, the Ninh Thuan nuclear power plant, and international railways - from early 2026.

The Central Policy and Strategy Committee was assigned to draft a resolution for the 14th Central Party Committee outlining strategic solutions to drive double-digit economic growth. The action plan will include concrete projects and initiatives across all sectors, to be submitted at the 3rd Plenum of the 14th Party Central Committee.

Should the draft resolution be completed ahead of schedule, it may be submitted at the 2nd Plenum.

Target: 10% annual growth for the 2026–2030 period

The Politburo’s conclusion tasked all Party committees, authorities, the Vietnam Fatherland Front, and socio-political organizations to continue thoroughly grasping and urgently institutionalizing the Party's directives and resolutions until a new growth resolution is formally adopted.

Local and central Party bodies and relevant organizations must proactively review, update, and adjust their plans, programs, and projects to ensure they align with the Party’s directives. These must clearly define responsibilities, timelines, resources, and specific actions.

The Politburo also instructed the 14th Congress Document Drafting Subcommittee to extract and refine relevant content for inclusion in the 14th Party Congress documents, particularly regarding socio-economic development, ensuring alignment and coherence.

The Government Party Committee and the National Assembly Party Committee were directed to revise and improve mechanisms, policies, and laws to support economic growth. The goal is to achieve at least 8% GDP growth in 2025 and at least 10% during the 2026–2030 period.

The Central Inspection Commission will collaborate with the Central Organizing Commission and the Party Central Office to monitor and evaluate the restructuring of Party and state institutions, decentralization, and the streamlining of internal structures in political organizations.

Tran Thuong