On October 20, at the opening session of the 10th Meeting of the 15th National Assembly, Prime Minister Pham Minh Chinh presented a summary report on the implementation of the 2025 Socio-Economic Development Plan and the 5-year plan from 2021 to 2025, along with the projected Socio-Economic Development (SED) Plan for 2026.
Regarding the 2026 SED Plan, the Prime Minister outlined the overarching goal: to prioritize growth while maintaining macroeconomic stability, controlling inflation, and ensuring major economic balances. This includes enhancing strategic autonomy, restructuring the economy, innovating the development model, and accelerating industrialization, modernization, and urbanization. The plan also focuses on stabilizing administrative structures, building a modern, smart, lean, efficient, and effective government. Additionally, it aims to strengthen the development of a comprehensive institutional framework, make significant breakthroughs in socio-economic infrastructure, improve social welfare, enhance the quality of life for citizens, manage resources efficiently, protect the environment, and adapt to climate change. Finally, it seeks to bolster national defense and security, maintain political stability, public order, and safety, and promote international relations and integration.
Key targets include 15 socio-economic development indicators, with GDP growth aimed at 10% or higher; per capita GDP projected to reach USD 5,400–5,500; an average CPI increase of approximately 4.5%; an average labor productivity increase of around 8%; and a reduction in the multidimensional poverty rate by 1–1.5%…
Prime Minister: In 2026, per capita GDP is projected to reach USD 5,400–5,500 – Photo: VGP/Nhat Bac
|
The Government’s report identifies 10 key task groups and solutions. First, continue to prioritize growth while maintaining macroeconomic stability, controlling inflation, and ensuring major economic balances, including managing public debt and budget deficits within prescribed limits.
Second, accelerate industrialization, modernization, and economic restructuring; decisively implement the Politburo’s policies in critical and key sectors.
Third, focus on building and perfecting a comprehensive institutional framework for development.
Fourth, continue to refine the state administrative apparatus; address long-standing stalled projects.
Fifth, concentrate on investing in strategic infrastructure projects.
Sixth, prioritize the development of high-quality human resources.
Seventh, emphasize cultural development, ensure social welfare, and improve the quality of life for citizens.
Eighth, proactively respond to climate change, prevent natural disasters, and enhance resource management and environmental protection.
Ninth, strengthen national defense and security; ensure public order and safety; enhance international relations and integration; and maintain a peaceful, stable, cooperative, and developmental environment.
Tenth, be more proactive in information and communication efforts; continue to innovate and diversify forms and enrich content, especially in preparation for the 14th Party Congress and the election of the 16th National Assembly.
– 20:26 20/10/2025
Striving for an Average GDP Growth Rate of 10% Annually During 2026-2030
Prime Minister Pham Minh Chinh has signed and issued Directive No. 31, outlining the framework for the Socio-Economic Development Plan for the 2026-2030 period. The directive emphasizes that the key performance indicators of this five-year plan must be feasible, clear, aligned with current realities, and closely tied to the overarching 10-year strategy spanning 2021-2030.
Today’s Crypto Market, October 19: How a 2-Person Company is Diving into Digital Assets
Bitcoin’s price trajectory is under scrutiny as experts forecast a potential dip to $95,000, with some even suggesting a further decline to the $91,000 range.
Unveiling the Rising Real Estate Tycoon Quietly Partnering with Vinhomes, Ecopark, and Phú Mỹ in Billion-Dollar Projects
Recently, Nomura Real Estate Development has been quietly expanding its presence in Vietnam through a series of notable projects, including Ecopark, Vinhomes Grand Park, Vinhomes Royal Island, and Hồng Hạc City.
Urban Darkness: Addressing the “No Streetlights” Crisis and Strategies to Stabilize Housing Prices
Amidst the growing concern of numerous new urban developments lying eerily vacant despite their modern infrastructure, Dr. Nguyen Van Dinh, Vice Chairman of the Vietnam Real Estate Association, has proposed six comprehensive solution groups aimed at restoring housing prices to a reasonable level.
Groundbreaking Ceremony for Vietnam’s Largest Stadium with Automated Retractable Dome, Led by General Secretary To Lam and Constructed by Vinhomes as General Contractor
On the morning of October 19th, in Hưng Yên, the Ministry of Public Security officially held the groundbreaking ceremony for the PVF Stadium, a 60,000-seat venue featuring cutting-edge technologies introduced to Vietnam for the first time. General Secretary Tô Lâm attended the event and performed the groundbreaking ritual for this nationally symbolic project.
