Home
Giriş Yap
Kayıt Ol
Öğrenme İçeriği
Loading...
Dinleme pratiği
Dinleme pratiği
/
Video
/
Vietnam Today
/
Việt Nam sets local GRDP growth targets | Vietnam Today
Việt Nam sets local GRDP growth targets | Vietnam Today
Öğrenme modunu seç:
Altyazıları görüntüle
Kelime seç
Kelimeyi yeniden yaz
Altyazı (143)
0:00
A new feature of the 2026-2030
0:02
five-year socioeconomic development plan
0:05
assigns specific GRDP targets to each
0:08
locality. While assigning specific
0:10
targets can sharpen accountability and
0:13
boost governance performance, it can
0:15
also create significant challenges for
0:17
cities. More in the following story.
0:23
After the first session of the 16th
0:25
National Assembly, Ho Chi Minh City has
0:27
been assigned a GRDP growth target of
0:30
10% for 2026 and an average of 10% for
0:34
the 2026-2030
0:35
period.
0:38
Every sector and every unit must give
0:40
their best, but hitting the target will
0:42
demand smart, carefully calibrated
0:44
policies to keep the economy's key
0:46
balances healthy and macro indicators
0:49
stable.
0:53
For leading economic hubs like Ho Chi
0:54
Minh City, they can no longer rely on
0:57
old advantages like land or cheap labor.
1:00
This requires heavy investment in human
1:02
capital and knowledge because those are
1:04
the foundations for innovation.
1:09
Ho Chi Minh City is well-positioned to
1:11
carry out this transformation because it
1:13
is Vietnam's innovation hub, serving as
1:15
a meeting point for scientific,
1:17
technological, and international
1:19
activities. As a result, it has both the
1:22
infrastructure and the human capital to
1:24
implement deep, intensive growth.
1:28
When advantages based on traditional
1:30
resources reach their limits, localities
1:33
must shift to growth models based on
1:35
science and technology, innovation,
1:37
productivity, and knowledge.
1:41
It is necessary to create greater
1:43
proactiveness and expand the scope of
1:45
decision-making authority for local
1:47
governments. Local authorities should be
1:49
granted the right to negotiate to seek
1:51
ways to attract more FDI.
1:55
This reflects a new mindset in national
1:57
[music] governance. In reality, national
2:00
growth must come from each specific
2:02
locality and city.
2:06
And now to further examine the
2:08
motivations, financial strategies, and
2:10
wider implications for Vietnam's growth
2:13
ambitions, economist Dr. Le Hong Vu now
2:16
joins us. Well, first of all, thank you
2:18
very much for taking the time to talk
2:20
with Vietnam today. My first question as
2:23
this is the first time the National
2:25
Assembly has assigned specific GRDP
2:28
growth targets to each locality for the
2:31
2026 to 2030 period. What do you see as
2:34
the primary motivations behind this
2:37
policy shift?
2:44
According to the National Statistics
2:48
Office,
2:49
in 2025,
2:52
Ho Chi Minh City contribute about 23%
2:56
to
2:57
the GDP growth of Vietnam, followed by
2:59
Hanoi, Hai Phong, and then Dong Nai and
3:02
Bac Ninh and the rest of the cities and
3:05
provinces just 3% below. So, you can see
3:08
is there a significant gap. And second,
3:10
Vietnam learned the successful model
3:13
from ASEAN development. So, they want to
3:16
create the friendly
3:18
and very healthy competition between the
3:22
locality to attract FDI, human
3:25
resources, and also boost for
3:28
infrastructure development. And third is
3:30
that Vietnamese central government can
3:32
see the successful business practice
3:35
from the province and then replicate at
3:37
scale nationally.
3:40
So, from a financial services
3:42
perspective, what strategies should
3:44
localities with ambitious GRDP goals
3:47
prioritize to attract investment and
3:50
achieve these targets?
3:53
As you know, that the Vietnamese is very
3:55
precious to to achieve the double digit
3:59
economic growth in upcoming time.
4:02
So, they really need a lot of FDI. And
4:05
when foreign investors come to Vietnam,
4:07
the first thing they want to care about
4:09
the investment business environment. The
4:11
second is about the certainty in terms
4:14
of legal policies. And the third one is
4:17
about the dispute resolutions where
4:19
doing business. And number two is about
4:22
potential project investment roadmap
4:25
forum. The leader of the locality should
4:28
go overseas to attend international
4:30
forum to discuss about which products or
4:33
services that they can offer. And the
4:35
third is money or capital. The locality
4:39
should have some support scheme for SMEs
4:41
to access capital.
4:44
So, looking ahead, how might this
4:46
National Assembly initiative of
4:48
locality-specific
4:50
GRDP targets influence Vietnam's overall
4:53
ambition for 10% 10% plus annual GDP
4:57
growth through 2030, particularly in a
5:00
professional services sectors? So, as
5:03
you know,
5:05
I would like to say about yes, Vietnam
5:07
is very ambitious. However, we have some
5:11
foundation to achieve those targets. And
5:13
also more in financial service, as you
5:15
can hear that the international
5:16
financial center in Ho Chi Minh City and
5:18
Da Nang is a new driver of economic
5:21
growth. And for example, in Da Nang,
5:23
they will target innovation and
5:25
semiconductor like manufacturing and AI
5:28
adoption. In Ho Chi Minh City, they will
5:31
they will continue to focus on the
5:33
traditional and complex of course
5:36
complex financial products. And in
5:38
coastal provinces, it's a good for
5:41
investing
5:42
about renewable energy.
5:45
And also, you can see here you can see
5:47
that Vietnam is pushing for digital
5:49
transformation, uh building the data
5:51
center. So, I I certainly see all the
5:55
IT or cybersecurity are extremely
5:58
important to run to run this well and
6:01
safely. So, that means that my son of
6:04
the professional services develop a lot.
6:07
Well, thank you very much for joining
6:08
us. That was our discussion with Dr.
6:11
Economist Le Hong Vu.
