October 29, 2025 | 16:30

Legislature urges innovation of growth model for rapid and sustainable economic development

Đỗ Mến

Many National Assembly deputies recommend the need to innovate the growth model from breadth to depth, placing productivity, science and technology innovation as growth drivers...

During its ongoing sitting, the National Assembly (NA) on the morning of October 29 focused its discussions on evaluating the outcomes of the socio-economic development plan for 2025 and the projected plan for 2026.

The session also reviewed the implementation of the NA's resolutions on the five-year plan from 2021 to 2025, focusing on socio-economic development and economic restructuring.

The majority of NA deputies praised the achievements of the 2025 socio-economic development plan and the 2021-2025 plan as well, while also making specific recommendations.

Delegate Tran Hoang Ngan from the Ho Chi Minh City delegation emphasized that to achieve rapid and sustainable economic development, in addition to taking advantage of the existing international position and prestige, implementing Resolution 59 of the Politburo, we need to prioritize development based on the country's potential, advantages, and geopolitical position; focusing on prioritizing the development of the marine economy, logistics, agriculture, services, health care, education, etc.

He suggested that in addition to promoting trade, exploiting traditional markets, and effectively utilizing the 17 FTAs that Vietnam has signed, it is essential to increase the green, digital, scientific, and technological content and added value in Vietnam's exports. Attention should be paid to the domestic market of 106 million people and  international market of 30 million tourists, along with 1 million businesses and over 3 million production households.

Furthermore, according to Mr. Ngan, the implementation of the Politburo's Resolution 68 and the NA's Resolution 198 on private economic development policies has been slow, resulting from not timely issuance of   guiding decrees and circulars.

Deputy Nguyen Dai Thang from the Hung Yen delegation, for his part,  recommended shifting growth models from extensive to intensive, focusing on productivity, science, technology, and innovation as growth drivers. Regarding foreign investment attraction, he suggested shifting from quantity to quality. 

Meanwhile, Deputy Nguyen Duy Minh from the Da Nang delegation emphasized the development of supporting technologies - a strategic "links" in the industrialization and modernization of the country, determining the capacity for self-reliant production and participation in the global value chain.

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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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