Lawmakers call for decisive action to achieve 2027 growth target

National Assembly deputies began discussions on October 18 on the country’s socio-economic performance in 2026 and development plans for 2027, alongside State budget implementation and public investment plans for this year and beyond.

The discussions follow Prime Minister Le Minh Hung’s presentation of the Government’s socio-economic performance report at the opening of the second session of the 16th National Assembly. While acknowledging the progress made, lawmakers urged more decisive action to remove institutional bottlenecks, mobilise resources and improve the efficiency of public spending.

Vietnam’s economy has recorded strong growth so far this year, with GDP expanding by 9.01% in the first nine months, total trade exceeding US$1.1 trillion, and State budget revenue increasing significantly.

However, sustaining this momentum and laying the groundwork for future growth will require further reforms to administrative procedures, better access to capital and more efficient use of available resources.

Implementation key to turning growth ambitions into results

Deputy Phung Huu Toan of northern Lai Chau province highlighted the importance of implementation, calling for clear responsibilities, deadlines, resources and measurable outcomes for each task.

“Implementation is the decisive stage,” he said, urging stronger inspection and supervision and closer links between leaders’ responsibilities and actual performance.

He added that higher growth must go hand in hand with greater productivity, more efficient resource use and stronger domestic economic capacity, while maintaining macroeconomic stability, promoting sustainable development and improving people’s material and spiritual well-being.

Deputy Phung Duc Tien of central Khanh Hoa province proposed that the government hammer out measures to translate the target into tangible progress across ministries, sectors and localities. He identified public investment disbursement and the development of science and technology as key areas requiring breakthroughs.

He called for efforts to bring public investment disbursement towards the 100% target, while pointing out that the disbursement of funding for science and technology remains low despite the clear direction set out in the Politburo’s Resolution 57 on breakthroughs in science, technology and innovation.

Addressing this bottleneck is essential to making science and technology a driving force for economic growth, he stressed.

National Assembly reviews key policy and budget matters

The group discussions form part of the National Assembly’s consideration of the Government’s economic and fiscal plans for 2027. Lawmakers will assess the proposed targets and measures before the legislature makes decisions on matters within its remit.

On the morning of October 18, the National Assembly also heard submissions and appraisal reports on amendments to the Law on International Agreements and a draft resolution on piloting mechanisms to recover and handle crime-related assets without a criminal conviction.

Deputies also discussed the final settlement of the 2025 State budget, a review of the implementation of National Assembly Resolution No. 66/2013/QH13 dated November 9, 2013 concerning adjustments to policies and measures for implementing the Ho Chi Minh Highway construction project, and the completion of the two-lane Ho Chi Minh Highway construction project.

The year-end session of the 16th National Assembly opened in Hanoi on October 17, with a legislative agenda featuring 43 draft laws and resolutions expected to be adopted and four other draft laws to be considered. At the opening sitting, Prime Minister Le Minh Hung presented the Government’s report on the 2026 socio-economic situation and its proposed targets for 2027, including GDP growth of at least 10%, GDP per capita of US$6,100 and a reduction of 1–1.5 percentage points in the multidimensional household poverty rate.

Lawmakers are now examining the Government’s plans and proposed measures as part of the process leading to decisions on the country’s development priorities for next year.

Government links 2027 growth ambitions to productivity and reform

VOV.VN - Vietnam is seeking to translate its ambition for rapid economic growth into tangible development gains in 2027, with the government targeting GDP per capita of US$6,100 while prioritising productivity improvements, institutional reform and more effective use of national resources.