VOV.VN - Fiscal policy priorities will play a key role in managing risks and enhancing Vietnam’s economic resilience, experts emphasised at the Vietnam Economic and Financial Forum 2025 held in Hanoi on December 5.
This year’s forum themed “Shaping Vietnam in the new context: Strategic Vision of the Economy and Finance” brought together more than 200 domestic and international delegates to analyse the new global economic context, define development strategies, and identify growth drivers for the 2026–2030 period.
In his opening remarks, Deputy Minister of Finance Do Thanh Trung said Vietnam is entering a new stage of development, marked by ambitious strategic goals amid a rapidly changing environment.
Globally, economic and political volatility has intensified, especially since April 2025, when tariff tensions, geopolitical conflicts, and security crises escalated, creating heightened uncertainty and broad impacts on Vietnam’s economy.
Domestically, 2024–2025 has been a period of major strategic decisions and breakthrough policies by the Party and Government, laying the groundwork for rapid and sustainable growth. Since July 2025, administrative restructuring and territorial reorganisation have continued, unlocking new development resources.
Vietnam aims to become a developing country with modern industry and upper-middle income by 2030, and a high-income developed country by 2045. Meeting these targets demands that Vietnam reposition itself, mobilise resources more effectively, innovate its growth model, and expand development space in a sustainable direction.
This year’s event aims to identify emerging opportunities and risks, define the space and drivers for a new growth model aligned with Vietnam’s 2030 goals, and propose strategic solutions to key economic challenges. Its core message focuses on shaping a renewed growth paradigm.
Deputy Minister Trung underscored the need to build a new growth model where total factor productivity, investment efficiency, scientific and technological breakthroughs, and innovation form the foundation. This model, he said, must harmonise traditional growth drivers (investment, exports, and labour) with new drivers such as the digital economy, green economy, knowledge economy, and circular economy.
Developing this model requires strong linkages among economic sectors. The State should play a leading and enabling role by investing in strategic infrastructure and ensuring a transparent legal framework. The private sector should become the engine of innovation, spearheading digital industries, manufacturing, and high-quality services, Trung noted.
Taking the floor, Jochen Schmittmann, Regional Resident Representative for the International Monetary Fund (IMF) Offices in Vietnam, Cambodia, and Laos, pointed out that fiscal policy priorities will play a crucial role in managing risks and enhancing Vietnam’s economic resilience.
He recommended the use of fiscal space for investment and social spending to support the economy while strengthening medium-term fiscal planning and ensure careful implementation of public investment.
He stressed that ambitious structural reforms could drive sustainable growth, with priorities including labour and credit market improvements, as well as implementing a macro-fiscal strategy to maximise the benefits of large-scale projects.
During panel discessions, delegates examined major global economic and geopolitical trends in the medium and long term, covering geopolitical tensions, value-chain restructuring, capital flow volatility, non-traditional security risks, and emerging shifts such as green and digital transformation, to assess Vietnam’s economic and financial position in a rapidly changing global landscape.
They also highlighted key strategic priorities for the economy and financial sector to safeguard macroeconomic stability, enhance resilience, and foster new growth drivers, with particular emphasis on science and technology, innovation, digital transformation, and private sector development.
In addition, the forum put forward policy recommendations aimed at promoting science and technology, stimulating innovation, opening up new development opportunities, and accelerating private sector growth as a central engine of the economy.
VOV.VN - Prime Minister Pham Minh Chinh has outlined Vietnam’s strategy for a green transformation in the digital era at the Autumn Economic Forum 2025, emphasizing inclusive growth, digital innovation, and international cooperation.
The Supporting Industry Exhibition and Supply Chain Linkage Forum 2025 opened on December 4 at the WTC EXPO in HCM City, gathering more than 200 enterprises, 60 industrial parks, and over 3,000 visitors from Vietnam and abroad.
VOV.VN - The Vietnam Export Promotion Forum 2025, themed “Go Global – Winning Global Markets,” opened in Hanoi on November 26, offering businesses a platform to capture market trends, connect with partners, and explore new trade opportunities amid the ongoing reshaping of global supply chains.
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