According to economic experts, Vietnam needs to respond flexibly to the international environment, making use of both external and domestic markets. At the same time, mobilizing resources and ensuring capital flows effectively will be essential to strengthen business competitiveness and realize the target of double-digit growth in 2026 and the subsequent five-year period.

Analyzing the drivers of double-digit growth, Associate Professor Dr. Tran Dinh Thien, a member of the Prime Minister’s Policy Advisory Council, said a series of strategic Party resolutions have been issued with a new approach-one that does not remove individual bottlenecks in isolation but seeks to reshape the overall landscape, enabling policies to be implemented more quickly in reality

Sharing this view, Dang Thanh Tam, Chairman of the Board of Directors of Kinh Bac City Development Holding Corporation (KBC), said the shift stems from clear changes in investment restructuring. More focused investment, combined with faster and more effective implementation, is the most effective way to reduce waste, contain inflation and support sustainable growth.

“Investment capital is inherently finite. What matters is how efficiently it is deployed. At present, the Government and local authorities are working to expedite licensing procedures, enabling projects to move forward more quickly. This helps lower capital costs and allows businesses to bring products into operation sooner. As a result, economic growth can be achieved without generating inflation,” Tam said.

Some economists noted that Vietnam’s growth model is beginning to generate new momentum for the national economy. However, the biggest challenge remains implementation capacity. If the spirit of the Party’s resolutions is effectively translated into action, Vietnam could achieve growth in scale, while improving quality and the efficiency of resource use in the new phase.

Dinh Ngoc Dung, Chairman and Chief Executive Officer of Bao Tin Capital, cited Resolution 79, which sets a target of having at least three banks ranked among the top three in Asia by 2030. In addition, a number of state-owned enterprises are expected to maintain major positions in key sectors.

“With these sound policy decisions by the Party and the State, I am confident that Vietnam will, in the not-too-distant future, form large enterprises capable of shouldering the economy, with key sectors acting as growth engines. Alongside the momentum of the private sector, this will help Vietnam achieve a growth rate of around 10% from 2026,” Dung said.

Policy changes have also helped generate investment momentum in production and business activity among enterprises. Green credit is increasingly being identified as a strategic pillar for banks, not only from the perspective of social responsibility but also as a long-term business opportunity. This requires greater transparency in corporate operations, clearer governance practices, and a gradual shift toward performance- and results-based operating models. Such changes are intended to ensure sustainable credit growth while facilitating the flow of capital into production and business activities, in line with government direction.

Do Quang Vinh, Vice Chairman of the Board of Directors and Deputy Chief Executive Officer of SHB Bank, said the bank consistently complies with government and State Bank of Vietnam regulations. “For that reason, SHB continues to ensure capital access for production and business households, which we regard as a core customer group. Over time, many of them can develop into small and medium-sized enterprises, contributing together to the country’s economic growth targets in the period ahead,” Vinh said.

From a policy perspective on Vietnam’s growth objectives in the new period, Nguyen Duc Hung Linh, Deputy Chief Executive Officer of the Investment Division at AgriS -Thanh Cong-Bien Hoa Joint Stock Company, said the most significant changes in international markets affecting Vietnamese goods are green standards and traceability requirements. These are regarded as two decisive factors for any sector seeking to maintain and enhance competitiveness on a global scale, thereby supporting the goal of double-digit growth in 2026.

“What matters is having interconnected data between credit institutions and borrowers. Such data can also be used to assess creditworthiness across the system. Credit scores will be an important input for the banking sector. With this data foundation, credit assessment becomes more effective, allowing capital to circulate more smoothly and efficiently,” Linh said.

Overall, whether viewed from short-term or long-term perspectives, experts have identified core growth drivers, including institutional improvement, renewed thinking in lawmaking and law enforcement aimed at enabling development, and the effective mobilization, allocation and use of resources.

At the same time, synchronized development of socio-economic infrastructure, particularly strategic infrastructure, is seen as the foundation for rapid and sustainable growth. Crucially, implementation must be coherent, political determination must be matched by practical action, and there must be regular review and evaluation to reinforce and spread core growth drivers, ensuring that growth is substantive and sustainable.

National Assembly sets 2026 GDP growth target at no less than 10%

VOV.VN - With an overwhelming majority of votes in favour, the National Assembly passed the Resolution on the 2026 Socio-Economic Development Plan on November 13, setting an ambitious goal for GDP growth of 10% or more.