10th Session of the 15th National Assembly
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Eight Notable Socio-Economic Achievements in Vietnam from 2021 to 2025
On the morning of October 20, 2025, in accordance with the Constitution and the Law on the Organization of the National Assembly, the 10th Session of the 15th National Assembly of the Socialist Republic of Vietnam solemnly opened at the National Assembly House in Hanoi.
Reporting to the National Assembly and the electorate nationwide, Prime Minister Pham Minh Chinh stated that, as per the session’s agenda, the Government has submitted 120 reports, proposals, documents, and files to the National Assembly. These include the Report on the Implementation of the Socio-Economic Development Plan for 2025 and the five-year period 2021-2025, as well as the draft Socio-Economic Development Plan for 2026.
Regarding the economic situation in 2025 and the 2021-2025 period, Prime Minister Pham Minh Chinh emphasized that, amidst a complex and unpredictable global context with many unforeseen challenges, particularly the severe aftermath of the COVID-19 pandemic, Vietnam faced more difficulties than opportunities domestically. However, with strong determination, significant efforts, and decisive actions, the country achieved and surpassed 22 out of 26 key socio-economic targets, nearly meeting 2 others. Notably, all social and social welfare targets were exceeded. In 2024 and 2025, all 15 basic socio-economic targets were met or exceeded. Among these, eight achievements stand out.
Vietnam successfully controlled and effectively recovered from the COVID-19 pandemic, prioritizing the health and lives of its people, earning international recognition and praise.
The Vietnamese economy demonstrated resilience against external shocks, maintaining one of the highest growth rates globally. The GDP in 2025 is projected to increase by over 8%, with an average growth rate of 6.3% from 2021 to 2025, surpassing the previous term’s 6.2%. The economy’s size grew from $346 billion in 2020 to $510 billion in 2025, climbing five positions to 32nd globally. Per capita GDP in 2025 is estimated at approximately $5,000, 1.4 times higher than in 2020, placing Vietnam in the upper-middle-income group. The economic structure and growth quality have improved positively.
Three strategic breakthroughs were implemented decisively and effectively, opening new development opportunities. Legal construction and enforcement were innovated in both thinking and execution, addressing many bottlenecks.
Infrastructure development saw significant advancements, with numerous large-scale, modern projects enhancing connectivity and shaping the future. The labor structure shifted positively, with the agricultural labor force decreasing from 28.3% in 2020 to 25% in 2025, while the proportion of trained workers increased from 64.5% to 70%.
Science, technology, innovation, and digital transformation were vigorously pursued, yielding important initial results. The National Innovation Center and the National Data Center became operational and effective. Vietnam’s Global Innovation Index ranking in 2025 improved to 44th out of 139 countries and territories. Digital infrastructure expanded robustly, with 100% of communes and wards having broadband fiber-optic connectivity, and mobile internet speeds ranking among the top 20 globally. E-commerce grew rapidly, averaging 20% annually, and significant progress was made in digital government, economy, and society.
Many long-stalled projects were decisively addressed, releasing resources for development. Five weak banks (four commercial banks and the Development Bank) were stabilized and made operational, along with 12 loss-making projects and key energy projects. Nearly 1,200 projects worth $675 trillion were brought into production and business.
Culture and social sectors saw progress in awareness, action, and outcomes, improving people’s lives. The cultural and entertainment industries thrived, with 10 Vietnamese cultural heritages recognized by UNESCO. The healthcare network expanded, and health insurance coverage increased from 90.2% in 2020 to 95.2% in 2025. Education quality improved, with many universities rising in international rankings.
Policies for veterans, social welfare, and poverty reduction were comprehensively implemented with the principle of “leaving no one behind.”
Major national events, such as the 70th anniversary of the Dien Bien Phu Victory, the 50th anniversary of Southern Liberation and National Reunification, the 80th National Day, and the “80 Years of Independence, Freedom, and Happiness” exhibition, strongly inspired patriotism, unity, and national pride.
Government restructuring and local administration streamlining were effectively implemented, alongside decentralization. Anti-corruption and inspection efforts were strengthened.
National defense and security were enhanced, maintaining sovereignty and social order. Diplomacy and international integration were highlights, with economic diplomacy achieving notable results and Vietnam’s global standing elevated.
Prime Minister Pham Minh Chinh presenting the Report on the Implementation of the Socio-Economic Development Plan for 2025 and the 2021-2025 period, and the draft Plan for 2026 – Photo: VGP/Nhat Bac
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In his overall assessment, Prime Minister Pham Minh Chinh emphasized that, despite numerous challenges, the achievements of 2025 and the 2021-2025 period are highly commendable and a source of pride. Each year has shown improvement, and this term has outperformed the previous one across most sectors. Notably, Vietnam has maintained internal stability and external peace, earning high praise from its people and the international community. This has fostered innovation, sustainable development, inclusivity, and renewed confidence in the Party and State.
The Prime Minister also candidly addressed ongoing challenges, such as macroeconomic stability pressures, inadequate policies for resource utilization and environmental protection, complexities in real estate, gold, and bond markets, and difficulties in certain industries. Science, technology, and digital transformation have yet to become primary growth drivers, and there is a shortage of high-quality human resources, particularly in key sectors.
For the remainder of 2025, the Prime Minister outlined key tasks and solutions, including achieving over 8% growth while maintaining macroeconomic stability, controlling inflation, and ensuring economic balances. Efforts will focus on resolving long-stalled projects, achieving 100% public investment disbursement, and enhancing local governance. Social welfare, disaster recovery, public order, and effective international integration will also be prioritized.
For 2026, the Prime Minister outlined key goals, such as promoting growth, macroeconomic stability, inflation control, and economic restructuring. Strategic infrastructure, digital transformation, and sustainable development will be prioritized. Enhancing domestic market development, export expansion, and human resource quality, particularly in high-tech sectors, will be crucial. Investment in strategic infrastructure, public investment efficiency, and private sector development will drive growth. Institutional reforms, administrative simplification, and social development will ensure inclusive progress. National defense, security, and international integration will remain focal points to enhance Vietnam’s global standing.
– 10:20 20/10/2025
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