Vietnam’s parliament sets growth target of 6% for 2021

The parliament said such targets are set based on the estimated growth figures of 2020, the calculation of available resources, projections by international organisations and the situation in 2021.

The 6% growth target reflects the government’s determination to revive the economy after the Covid-19 outbreak is fully brought under control.

The National Assembly’s resolution states that 2021 is a highly significant year as Vietnam will hold its 13th National Party Congress and general elections as well as being the first year to implement the 2021-2030 socio-economic development strategy and the 2021-2025 socio-economic development plan.

Major tasks and solutions have been outlined to realise such targets, including continuing measures to prevent and reduce the impact of Covid-19 and other diseases as well as promoting the fine-tuning of market institutions.

Vietnam will also seek to continue restructuring its economy aligned with renewing the growth model, enhancing labour productivity and competitiveness on a foundation of science, technology and innovation.