"15th National Assembly"

Resolution adjusting 2025 socio-economic development plan adopted
Politics-Diplomacy

Resolution adjusting 2025 socio-economic development plan adopted

Under the resolution, the legislative body decided to adjust some key targets. Accordingly, the gross domestic product (GDP) growth rate is set to reach 8% or higher, with the GDP scale this year expected to exceed 500 billion USD. The GDP per capita is projected to surpass 5,000 USD, and the average consumer price index (CPI) growth rate is targeted to be around 4.5 - 5%.

NA greenlights investment policy of Lao Cai – Hanoi – Hai Phong rail project
Politics-Diplomacy

NA greenlights investment policy of Lao Cai – Hanoi – Hai Phong rail project

According to the resolution, the construction of a modern and harmonious railway aims to meet the transport demand between Vietnam and China. The initiative is expected to serve as a catalyst for rapid and sustainable economic development along the Lao Cai-Hanoi-Hai Phong economic corridor while strengthening national defence and security and promoting the industrialisation and modernisation, contributing to delivering on the targets and missions set at the documents of the 13th National Party Congress and the Party’s resolutions.

Revised law on organisation of Government set to be adopted on Feb.18
Politics-Diplomacy

Revised law on organisation of Government set to be adopted on Feb.18

The draft law clarifies the cabinet's duties along several key dimensions such as submitting fundamental and critical matters to the NA for decision, presenting issues within the NA Standing Committee's jurisdiction for resolution, proposing amnesty decisions to the President in accordance with the regulations, and executing responsibilities within the Government's authority.