The Resolution on socio-economic development 2026 passed by the National Assembly set a GDP growth target of 10% or more, GDP per capita of 5,400-5,500 USD.
According to Dr. Can Van Luc, Member of the Prime Minister's Policy Advisory Council, to achieve the growth target of about 10% in 2026 and the following years, it is necessary to identify fiscal policy as the main pillar, monetary policy plays a supporting role. The focus is on stimulating investment and consumption demand, maintaining the traditional export "front", while promoting service exports and more effectively exploiting new growth drivers.
Along with that is the synchronous implementation of structural solutions, such as: upgrading the stock market according to the roadmap; gradually operating the International Finance Center in Ho Chi Minh City and Da Nang; establishing a carbon market; building an real estate transaction center; upgrading the commodity transaction market. At the same time, it is necessary to focus on stabilizing key markets such as real estate, exchange rates and gold to limit spreading risks.
Besides the growth target, Dr. Can Van Luc believes that steadfast macroeconomic stability is still a consistent requirement. Fiscal and monetary policies need to be coordinated smoothly, control inflation within the permissible limits, and at the same time promote economic restructuring in the direction of improving internal strength, increasing autonomy, self-reliance and self-strengthening.
Finally, the decisive factor lies in the implementation organization stage. It is necessary to be determined and steadfast in successfully implementing resolutions and strategic policies; ensuring that the two-level local government model operates smoothly; strongly improving the investment and business environment; and promptly removing obstacles for businesses and business households. This is an important foundation for the Vietnamese economy to overcome challenges, take advantage of opportunities and move towards sustainable growth in the coming period.
Agreeing with this view, Professor Nguyen Duc Khuong, Member of the National Advisory Council on Science, Technology, Innovation and Digital Transformation; Chairman of AVSE Global, said that macroeconomic stability is the most important "weapon" to strengthen investor confidence, stimulate domestic consumption and ensure the foundation for long-term development.
In the coming period, Vietnam needs to harmoniously coordinate monetary policy and fiscal policy to control inflation while still supporting growth. This requires tight and focused monetary supply, while creating motivation for businesses to boldly invest in innovation, research and development (R&D) and technology transformation. Invest strongly in science and technology and innovation. This is the only way to improve labor productivity, increase domestic value and improve national competitiveness in the long term.
In addition, diversify the economy, reduce dependence on a small number of key export industries or markets to respond flexibly to global fluctuations.
In addition, fiscal discipline, transparency and policy credibility need to be prioritized. These are factors that determine investor and consumer confidence.
Regarding capital flows, it is necessary to clearly orient investment capital flows into production, infrastructure and high value-added sectors, and at the same time strictly control cash flow into asset speculative areas, which potentially pose risks of macroeconomic instability.
