Minister pledges higher capital efficiency, sufficient resources for growth
Hanoi, Oct. 31 -- Minister of Finance Ngo Van Tuan clarified measures to improve capital efficiency and secure resources for achieving the double-digit growth target for 2026 while addressing the second session of the 16th National Assembly on October 31. Replying to lawmakers' questions about how to obtain annual growth of more than 10% during 2026-2030, particularly given the economy's heavy reliance on credit, Tuan said that target requires total investment across society to reach around 40% of GDP, while the incremental capital-output ratio (ICOR) must be brought down to 4.5-4.8. Capital mobilisation needs during 2026-2030 are expected to be 2.21 times those of the 2021-2025 period. With regard to the excessive dependence on the credi...
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