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General Secretary Tô Lâm of Vietnam’s Communist Party promises a “new era of national rise” with ambitious economic goals aiming to elevate the country to an “upper middle-income economy” by 2030 and a “high-income economy” by 2045. Lâm and Prime Minister Phạm Minh Chính are spearheading an institutional revolution, streamlining the public sector, emphasizing innovation and technology, and driving double-digit annual growth targets. The party’s pro-business, nationalist, and populist approach has garnered support, with the National Assembly endorsing the Politburo’s plans for rapid economic transformation.
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