Vietnam Sets 2030 Socio-Economic Development Goals for 6 Regions: Aiming for Accelerated Growth and Reduced Disparities

The Central Committee of the Communist Party of Vietnam has adopted new guidelines aimed at achieving key development indicators across the country's six major socio-economic regions by 2030. This decision seeks to address regional economic disparities and promote sustainable development nationwide. Resolution No. 27-NQ/TW, adopted by the Central Committee on August 28, 2026, sets specific targets for each region by 2030. These include average annual GRDP (Gross Domestic Product) growth rates, per capita GRDP, and the sectoral composition of GRDP. This policy aims to tackle the long-standing issue of development disparities among Vietnam's regions. The six regions – Northern, Northern Central, Southern Central, Mekong Delta, Red River Delta, and the Highlands – each possess distinct economic potentials and challenges. The resolution intends to organize development spaces more cohesively and effectively, considering these regional characteristics. Under Vietnam's one-party system, long-term national development plans formulated by the central government form the bedrock of its economic policies. The approach emphasizes balancing economic growth with social stability and development. The setting of region-specific targets is intended to materialize national growth strategies according to local conditions and enhance their effectiveness at the implementation stage. Amidst ongoing complex relations with China, Vietnam seeks to strengthen its national power through economic growth and enhance its standing in the international community. Revitalizing regional economies is crucial for expanding the domestic market, boosting export competitiveness, and ensuring economic security. This new development objective is positioned as part of Vietnam's efforts to reform its economic structure and enhance its international competitiveness. Information source: Nhan Dan