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Vietnam Aims for Integrated Regional Development and Improved Quality of Life
Vietnam's Communist Party has set a target for 9-11% annual GRDP growth in its six socio-economic regions. The resolution emphasizes balancing rapid development with ecological limits and improving citizens' quality of life.
The Communist Party of Vietnam has adopted Resolution No. 27-NQ/TW on socio-economic development for its six regions by 2030, emphasizing the dual goals of integrated regional economic development and improved quality of life for residents. The resolution sets a target for an average annual growth rate of 9-11% in Gross Regional Domestic Product (GRDP) for each region. Notably, alongside rapid economic growth, the resolution stresses development within ecological limits, mitigating environmental impact, and enhancing the quality of life for citizens as key pillars. Consequently, regional resilience is positioned as a crucial factor in regional competitiveness. This resolution aims to strengthen economic and social linkages between regions, fostering the formation of unified regional economic zones. This is expected to expand development opportunities in new areas such as smart agriculture and the green economy. Under Vietnam's one-party system, such national development strategies are essential for balancing economic growth with social stability. Particularly for Vietnam, with its strong economic ties to China, enhancing domestic economic autonomy and diversity is also significant from a geopolitical perspective.
Original source
Nhan Dan