VOV.VN - With a target of double-digit GDP growth in 2026-2030 and the ambition of becoming a high-income country by 2045, many economists say Vietnam’s economy needs to move quickly to redefine its growth model, with stronger economic restructuring toward greater efficiency, sustainability and innovation.

VOV.VN - As Vietnam enters 2026, a pivotal year marking the start of a new growth cycle, the economy is poised for acceleration on the back of a stabilised foundation built during 2021–2025, while also facing growing challenges that will require decisive policy action and a focus on improving growth quality.

Vietnam regards the establishment of an international financial centre as one of the key institutional breakthroughs and an important move to unlock resources, accelerate growth model transformation associated with economic restructuring and enhance national competitiveness, Prime Minister Pham Minh Chinh said on November 4.

The National Assembly (NA) on October 29 devoted the entire day to assessing the implementation of the 2025 socio-economic development plan, outlining the plan for 2026, and reviewing the implementation of the National Assembly’s resolutions on the 2021–2025 five-year plans for socio-economic development and economic restructuring.

Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai on September 14 proposed the International Monetary Fund (IMF) help the city define orientations for economic restructuring, climate change response activities, and green economic development trends.

Prime Minister Pham Minh Chinh on February 12 asked to the Red River Delta region to make most of its potential and advantages for rapid and sustainable development so as to lead the country’s economic restructuring and growth model transformation.

The Southeast region, with its role as an economic locomotive of the country, has accelerated the implementation of green economic development plans and strategies. The aim is to promote economic restructuring associated with changing growth models and integrating green growth into the socio-economic development plan.

Vietnam’s effective management of COVID-19 has boosted confidence and facilitated the easing of restrictions and economic recovery, according to an article published by the Australia – Vietnam Policy Institute (AVPI).

VOV.VN - The Politburo has issued a fresh Resolution which will allow Hanoi to explore the possibility of building new cities from its existing districts over the coming years to take full advantage of the capital’s development potential.

Vietnam needs to speed up transformation towards an efficiency and innovation-driven growth model to meet requirements of sustainable and inclusive development, experts have said.