Priorities outlined for nation's digital-focused development

Vietnam's socioeconomic development plan towards 2030 has been shaped, with the country setting sights on growth reinforced by digitalisation and modernised infrastructure.

- By Thanh Thu

The National Assembly (NA) last week adopted a resolution on the nation's Plan on Socioeconomic Development for 2026-2030. Under the resolution, GDP growth is set to be 10 per cent or more in 2026 and on average over the 2026-2030 period, with macroeconomic stability maintained. GDP per capita is targeted to reach $8,500 by 2030, which is 1.7 times higher than in 2025.

The Vietnamese government will place priority on developing Vietnam into a more attractive investment destination in the region through more institutional reforms.

“A focus is to be laid on completing a synchronised, modern, and competitive institutional framework to drive breakthrough growth and establish a new growth model,” the government stated in a report submitted to the NA last week.

Under its plan, the government will shift state management decisively from “pre-auditing” to “post-auditing”; improve the effectiveness of law enforcement and implementation; finalise standards, technical norms; remove barriers and bottlenecks, and refine institutions and legislation to develop the digital economy and investment climate.

Notably, the government will continue “accelerating administrative reform, aiming for Vietnam’s investment environment to rank among the top three in ASEAN and top 30 globally by 2028,” stated the government’s report to the legislature.

According to the Vietnamese Ministry of Finance’s Foreign Investment Agency, cumulatively ASEAN investment flows into Vietnam have kept rising over the past years, with Singapore and Thailand continuing to take the lead reflected by major initiatives.