Opening up new economic models to achieve the 10% growth target

Thạch Lam |

To achieve the growth target of 10%, in the coming time, it is necessary to develop new economic models and new economic sectors.

A series of socio-economic indicators in 2026 have been decided by the National Assembly, from GDP growth striving to reach 10% or more; GDP per capita reaching 5,400 - 5,500 USD...

According to Dr. Nguyen Duc Hien - Deputy Head of the Central Committee for Policy and Strategy, it is necessary to first stabilize the macro economy, control inflation, and ensure major balances. Assessing inflation scenarios shows that inflation (and inflation expectations) are stable at a moderate level - an important condition for maintaining rapid and sustainable growth in the period of 2026-2030.

The scenario of implementing the economic growth target of 10%/year requires inflation to remain stable at about 4%/year. High inflation will reduce the significance of economic growth and people will not enjoy the commensurate results of economic growth. Stabilizing inflation will facilitate economic institutional reforms and help reduce "distorted" signals on resource allocation in the market, while promoting the development of financial and banking services.

Next, it is necessary to coordinate synchronously and effectively between fiscal and monetary policies on the basis of more specific "sharing roles".

fiscal policy focuses on promoting economic growth such as promoting public investment disbursement in key areas, creating high spread, and regional linkage projects. Increase transfer spending to support people's consumption and reduce taxes to support industries associated with digital transformation, green transformation; support household consumption. Fed policy is flexible and tight, focusing on macroeconomic stability, controlling inflation and effectively coordinating with fiscal policy.

Removing policy obstacles is also particularly important. Reducing and simplifying investment and business conditions outside the Investment Law; ensuring quick and concise support for businesses. Strongly deploy data connection services, especially data on land, taxes, and investment procedures to effectively exploit the one-stop interconnection mechanism.

For national projects in the locality, online governance must be implemented to ensure grasping the situation and quickly resolving local problems. Strengthen decentralization, delegation of authority, enhance the responsibility of leaders in deciding on investment policies and project investment decisions.

To achieve the double-digit growth target in the coming period, Dr. Nguyen Duc Hien said that it is necessary to renew traditional growth drivers and promote new growth drivers. In which, changing export strategies and models. Implement Go Globle - move into the market with specific Go globle programs.

Change the method of supporting enterprises in exports. Implement market support, logistics, insurance, consulting, and connecting with multinational corporations. Having a development strategy in line with dynamic economic sectors promotes the development of leading industries, industries with high potential for spread, such as: Tourism, R&D, logistics. Improve quality, increase value in electronics, digital technology industries; textiles, footwear; food processing.

Especially in the coming time, it is necessary to develop new economic models and new economic sectors. Complete the testing mechanism to support the development of new economic sectors such as space economy, low-level economy... new economic models, digital economy, green economy and circular economy.

Develop mechanisms and policies for exploiting outer space, underground space, and sea space; develop railway industry, industry applying nuclear and quantum energy. Develop breakthrough scientific research programs and projects for 11 strategic technology groups; build research and development facilities for high-tech industries such as electronics, semiconductor chips, artificial intelligence, etc.

Thạch Lam
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