High-tech industries and innovation have become key factors shaping a nation’s competitiveness and global standing. For Vietnam, transitioning to a growth model driven by science, technology, and innovation is not only necessary but has also been explicitly outlined in the Party and government’s major strategies and directives.
In 2025, agricultural, forestry, and fisheries exports reached a record US$70 billion, confirming the sector’s role as a backbone of the economy. However, growing pressure from climate change and international technical standards posed increasing challenges.
The congress unanimously approved the preparatory session’s programme, the working regulations of the congress, the congress work programme, and the election regulations for the 14th National Party Congress.
In 2025, amid a mix of opportunities and challenges, Hai Phong City’s Industry and Trade Department continued to play a pillar role, sustaining growth momentum while supporting enterprises in adaptation, transformation, and sustainable development.
Hai Phong has entered 2026 with a renewed position, scale, and development aspiration. This year carries particular significance as the first year of implementing the Resolution of the Hai Phong City Party Congress, the opening year of the 2026-2030 five-year socio-economic development plan, and the year marked by elections for the 16th National Assembly and People’s Councils at all levels.
Resolution No. 79-NQ/TW on the development of the state economic sector, issued by the Politburo in early 2026, aims not only to address long-standing bottlenecks in Vietnam’s state-owned enterprise (SOE) sector but also to redefine the sector’s role and leadership approach within a new growth model.
Average per capita income in 2025 was estimated at VND5.9 million (approximately US$225) per month, marking a 9.3 percent increase from 2024, according to preliminary findings of the Household Living Standards Survey 2025 conducted by the National Statistics Office (NSO).
Vietnam is on track to overtake Thailand in economic size measured by nominal GDP as soon as this year, helped by a major state-led infrastructure investment push that is accelerating growth, noted Nikkei Asia in a recent article.
Mobilizing and effectively allocating financial resources is essential for Vietnam to achieve double-digit economic growth in the coming period. It also provides a critical foundation for Vietnam to become an upper-middle-income country by 2030 and move toward high-income status by 2050.
As pressures from resource depletion and climate change intensify, the green transition combined with the circular economy is no longer optional but essential for Vietnam’s economic restructuring. It provides a critical foundation for achieving double-digit growth in the 2026-2030 period.
To join the group of high-growth economies with GDP growth above 10%, Vietnam must shift from an extensive growth model to an intensive, productivity-driven one. Key strategies include strengthening institutions, raising total factor productivity (TFP), and reforming public investment.
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