The National Assembly discusses socio-economic issues on October 29, 2025. (Photo: quochoi.vn)

Deputy Tran Hoang Ngan of Ho Chi Minh City said Vietnam achieved 22 socio-economic targets set for the 2021-2025 period and all 15 targets for 2024-2025, despite the impacts of the COVID-19 pandemic, climate change, severe natural disasters, and global geopolitical instability.

In order to attain the double-digit growth target for 2026, he proposed: “Vietnam should prioritize development based on its potential, advantages and geopolitical positions, focusing on maritime economy, logistics, agriculture, and high-quality healthcare and education services. In addition to maximizing trade promotion, traditional markets and 17 signed free trade agreements, Vietnam must enhance the green, digital, technological, and value-added content of its exports.”

Deputy Nguyen Van Minh of Da Nang called on the government to soon introduce specific policies to implement the Politburo’s Resolution 68 on private economic development. Focus should be placed on developing support industries and strengthening the position of Vietnamese enterprises in global supply chains, especially as many countries are now pursuing strategic autonomy.

“I propose that the Government study the Law on Support Industry Development to create a unified and stable legal framework, ensuring production autonomy and sustainable integration of Vietnamese enterprises in global value chains,” said Minh.

Agreeing with the view that the private sector should become a new growth engine, deputy Tran Van Tuan of Hanoi said, that besides boosting public investment, attracting foreign direct investment, and promoting exports, Vietnam should quickly improve the legal framework related to the private sector, starting with revising the 2017 Law on Support for Small and Medium-sized Enterprises.

“While identifying the private sector as a key driving force of the national economy, we should also regard small and medium-sized enterprises as the backbone of the economy. Like most countries, SMEs in Vietnam now account for as much as 98% of businesses,” said Tuan.