Vietnam Parliament to Decide on Economic Growth and Key Projects

Vietnam’s National Assembly will vote on raising the country’s economic growth target and approving key infrastructure projects, including a rail link to China and nuclear power development.

As Vietnam seeks to expand its infrastructure to boost economic growth, lawmakers will decide on several key policies. Among them is the approval of an $8.3 billion railway connecting a major northern seaport to China. The project, partially funded by Chinese government loans, is expected to strengthen trade ties and improve logistics efficiency.

Parliament will also vote on policies supporting nuclear power development, with the country’s first plant set for completion by 2031. The initiative aligns with Vietnam’s long-term energy strategy as it seeks alternatives to coal and other fossil fuels.

Additionally, lawmakers will consider new regulations allowing Elon Musk’s Starlink to operate satellite internet services in the country while ensuring full domestic ownership of any local subsidiary.

The vote follows Tuesday’s approval of a major bureaucratic reform plan aimed at cutting administrative costs. The policy will reduce the number of government bodies by up to 20%, part of ongoing efforts to streamline operations and improve efficiency.

With a strong export-driven economy, Vietnam continues to prioritise infrastructure and foreign investment as key drivers of growth.

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