Growth to improve quality of life

Đặng Chung |

With the foundation of 40 years of Doi Moi, with high social consensus and strategic vision planned at the 14th Congress, 2026 will open up a new growth trajectory for Vietnam, when economic development goes hand in hand with improving people's happiness.

2025 closes, marking a journey full of fluctuations, but very proud of Vietnam's economy. In the context of a world economy with many instabilities, each management decision must be "weighed and measured" against the upward winds from inflation, geopolitical conflicts and global trade decline, Vietnam not only maintains macroeconomic stability but also achieves GDP growth of 8.02% - a result that shows the management bravery and increasing resilience of the economy.

Looking back at the past period, it can be seen that the structure and growth momentum of the economy are changing in depth. If previously, millions of USD exports were mainly associated with labor-intensive processing industries such as textiles, garments, footwear or agricultural products, now, the dream of exporting billions of USD in the fields of information technology, digital services, and artificial intelligence has become a real goal. This is not only a shift in industries, but also a qualitative shift in development thinking.

That transformation reflects the growth of the business community, especially the private economic sector. Businesses are not only large in scale, but also large in aspirations, management capacity and innovation capacity.

And more importantly, the achievements in the past period are creating a solid foundation for the country to enter 2026 - the year marking the beginning of the implementation of the 14th Party Congress Resolution, a time of strategic significance in shaping the long-term growth trajectory.

The 14th Congress not only set high growth targets, but more importantly, established a new growth model for Vietnam, based on higher productivity, quality and added value. And especially, growth must be closely linked to improving the quality of life and happiness of the people.

To do this, a shift in management thinking is needed, when social security is not only a fulcrum but needs to be considered a driving force for growth. It is necessary to shift from "security and stability" to "stability and development", considering investment in people as both a goal and a long-term growth engine.

The goals set out in the draft document of the 14th Congress - from average GDP growth of over 10%/year, improving labor productivity, and developing the digital economy - all aim at a common point: Growth must return to serving people, linking development with improving people's lives and happiness, on the foundation of political and social stability, macroeconomic stability and a sustainable development environment.

Therefore, the requirement to fundamentally innovate development thinking, management methods and resource allocation is of particular importance.

That is not only reform to achieve impressive growth figures, but reform to ensure growth reaches all people - through higher income, better access to education, health, culture and a safe living environment. Therefore, the ultimate goal of the new growth trajectory is not only in speed, but also in the quality of development and happiness of the people.

Đặng Chung
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