At its 56th session on April 1, the N.A. Standing Committee reviewed the Government’s reports on the implementation of the 2025 socio-economic development plan, early 2026 performance, and the proposed five-year plan for 2026–2030.
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Participants at the 56th session of he National Assembly Standing Committee on April 1 |
The committee acknowledged that despite unprecedented challenges throughout the 2021–2025 period, including the COVID-19 pandemic, severe natural disasters, and geopolitical tensions in the Middle East, the economy demonstrated resilience and adaptability, achieving broadly positive and comprehensive results under the leadership of the Party, National Assembly, and the Government.
However, looking ahead, the committee stressed that global and domestic uncertainties continue to pose significant challenges. It warned that inflation risks could intensify amid fluctuating global energy prices, while trade dynamics may shift toward a deficit. Public investment disbursement remains below expectations, and financial and commodity markets, particularly gold, could experience complex volatility.
In this context, the committee called on the Government to closely monitor global developments, especially in energy markets, taxation policies and international trade, to fully assess their impacts on Vietnam’s economy. It emphasized the need to develop and regularly update macroeconomic management scenarios, clarifying their implications for growth, inflation and major economic balances.
Strengthening forecasting capacity and policy responsiveness must be identified as a priority, the committee said, stressing the need to support businesses in diversifying markets and supply chains, enhancing resilience and competitiveness. It also underlined the need to further review and refine the legal framework and accelerate substantive and effective administrative reforms.
During the session, Minister of Finance Nguyen Van Thang and Chairman of the N.A.’s Economic and Financial Committee Phan Van Mai presented the Government’s proposals and verification reports on above-mentioned issues.
N.A. Chairman Tran Thanh Man said governance solutions must be both decisive and practical, particularly in institutional reform, cautioning against delays in implementing laws due to pending decrees and circulars.
N.A. Vice Chairman Vu Hong Thanh said the N.A. Standing Committee largely agreed with the Government’s assessments and proposals, noting that the reports were carefully prepared and provided a comprehensive picture of socio-economic performance.
The N.A. Standing Committee agreed to submit the proposed socio-economic development targets, tasks and solutions for 2026–2030 to the N.A. for consideration, while requesting the Government to further refine them in line with the Resolution of the Party’s 14th National Party Congress and conclusions of the second plenum of the Party Central Committee. It also underscored the importance of prioritizing resources, ensuring feasible implementation roadmaps, and identifying key breakthroughs to deliver tangible results from the early of the next development cycle.
At the session, the committee also reviewed and gave feedback on additional submissions and reports of the Government on the state budget, public investment, national financial planning, public debt management, and thrift practice and wastefulness prevention, as well as the Government’s draft decree on managing the state budget for certain external activities.
Source: VNA