Party plenum to decide Vietnam’s development directions

The 13th Party Central Committee’s sixth plenum starting Monday will discuss and set Vietnam’s key development directions, including “Modernization and industrialization policies until 2030, with vision until 2045.”

In a recent meeting, the steering group dealing with the plenum's agenda said it would include: assessing actual results of the country’s modernization and industrialization process; proposing a model of Vietnam's industrialization and modernization until 2030, with vision until 2045; proposing a framework of criteria to evaluate the results of the process; and proposing goals, visions, tasks, and solutions.

The week-long sixth plenum in Hanoi will also discuss the country’s socio-economic development conditions and the state budget.

Other matters subject to discussion include the “Strategy to build and perfect the socialist rule of law state in Vietnam to 2030, with orientation to 2045” and the scheme on “Summarizing 15 years of implementation of the 5th Party Central Committee's (term X) resolution on continuing to innovate the Party's leadership method for political system operation.”

The fifth week-long plenum took place early this May.

Vietnam’s economic growth of 8.83% year-on-year in the first nine months is the highest recorded in 12 years. The figure for the same period in 2021 and 2020 - both pandemic years, was 1.42% and 2.12%, respectively. The economy expanded 2.58% last year.

On September 27, the World Bank said it predicted Vietnam’s GDP growth at 7.2% this year and 6.7% next year, the highest in Southeast Asia.

The Asian Development Bank on September 21 put Vietnam’s growth forecast at 6.5% this year and 6.7% next year on strong economic fundamentals, key to fast recovery. The 2022 figure is the highest in Southeast Asia and equals the Philippines'.