Lawmakers warn of middle-income trap as Vietnam set sights on becoming developed nation by 2045

(VOVWORLD) -Deputies on Thursday discussed Vietnam’s socio-economic situation and economic restructuring during the ongoing 10th session of the 15th National Assembly.

Lawmakers warn of middle-income trap as Vietnam set sights on becoming developed nation by 2045 - ảnh 1National Assembly deputies discuss Vietnam’s socio-economic situation and economic restructuring. (Photo: quochoi.vn)
In the face of natural disasters and tariff shocks, many lawmakers said the country’s recent socio-economic achievements were “remarkable.” They reaffirmed Vietnam’s goal of becoming a developed nation by 2045, with per capita income reaching between 20,000 and 25,000 USD, driven by rapid and sustainable growth. However, deputies warned that Vietnam must tackle the risk of falling behind and being trapped in the “middle-income” bracket.

Deputy Truong Trong Nghia from Ho Chi Minh City said: “To avoid the middle-income trap, we have to change our growth method and model — toward a knowledge-based, digital, green and circular economy. This transformation has to be a top priority right from the start of the new term, with institutional breakthroughs and strategic Party resolutions. Only then can the entire economy make a strong shift to a new growth model. If not, we’ll miss the chance to stand among developed nations in this new era.”

Deputy K’Nhieu from Lam Dong province said local authorities must address problems arising from implementing the two-tier local government model. He called for better working conditions at the grassroots level, stronger digital transformation and administrative reform, and modern equipment to help serve people more efficiently.

“We, the civil servants at the grassroots level, always know our duty is to stay close to the people, listen to them and resolve their problems quickly. Even when facilities are lacking, one thing we cannot lack is the trust of the people,” said Deputy K'Nhieu.

Several delegates proposed refining mechanisms to evaluate and protect officials who dare to think big, take action, and show creativity in their work.

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