 Party leader To Lam, President Luong Cuong, and Prime Minister Pham Minh Chinh attend the National Assembly session on June 17, 2025. (Photo: quochoi.vn) |
The macro-economy remains stable, with inflation kept below 4% for ten consecutive years, economic balance maintained, and a consistent trade surplus since 2016. Vietnam’s per capita income is approaching 4,300 USD, which would officially classify it as an upper-middle-income country, according to the World Bank.
Tran Hoang Ngan, a deputy for HCMC, said, “We must be steadfast in implementing the three strategic breakthroughs in institutions, infrastructure, and human resources. The Party General Secretary has described institution as the bottleneck of all bottlenecks. In this session we have passed 65 laws and resolutions.”
“We must restructure the three traditional growth drivers – exports, investment, and consumption – and focus on boosting domestic consumption,” said Ngan, adding, “At the same time, we must unlock three new drivers – science and technology, innovation, and digital transformation – and leverage new development spaces created by restructuring 34 new provincial- and city-level administrative units. If the implementation is synchronized, it will accelerate our development.”
 NA deputy Tran Hoang Ngan of HMC delegation speaks at the debate. (Photo: quochoi.vn) |
Le Huu Tri, a deputy for Khanh Hoa province, suggested solutions to achieve this year’s growth target of 8% and two-digit growth in the following years, “We need to prioritize economic growth, maintain macroeconomic stability, and keep inflation under control.
“Continued efforts should be made to build and improve institutions toward open policies, seamless infrastructure, and smart governance to increase labor productivity and competitiveness. Resources should be concentrated on key projects that drive regional and inter-regional economic development,” said Tri.
According to Tri, the focus must be on training and developing a skilled workforce that meets the demands of the digital economy and international integration.
On Tuesday morning, NA deputies voted on an amended Law on Enterprises and a resolution on value-added tax (VAT) cut.