Vietnam holds pivotal election to shape its next five years of reform and growth
Vietnam has begun its nationwide election to select deputies for the 16th National Assembly and People's Councils. Nearly 79 million voters will choose around 500 representatives for the 2026–31 term. The vote comes as the country continues its socio-economic reforms under the leadership of Party General Secretary Tô Lâm.
The election marks a key step in implementing the 14th National Party Congress's resolutions on personnel and governance. It also reflects Vietnam's ongoing đổi mới (renewal) process, which has driven growth and development over the past four decades.
The election, held every five years, follows recent economic successes. Vietnam's GDP expanded by roughly 7% in 2024 and 8% in 2025, fuelled by strong exports, private spending, and infrastructure projects. Foreign direct investment (FDI) reached $38.42 billion by the end of 2025, reinforcing the country's role as a China+1 manufacturing hub.
Under Tô Lâm's direction, the government has pushed for ambitious reforms. A new masterplan aims for double-digit GDP growth by 2045, alongside efforts to raise skilled labour to 29.5% by 2025. Recent changes include the 2025 Investment Law, which opens more sectors to foreign investors, and Decree 69/2025/ND-CP, increasing foreign ownership limits in banks.
This year's election introduces organisational improvements, such as updated voting methods and stricter candidate selection. Party chief Tô Lâm emphasised the need to choose highly respected leaders to guide Vietnam's next phase of development. The process has drawn attention from international media, highlighting its significance in the country's reform agenda.
Voters will elect representatives not only for the National Assembly but also for provincial and local People's Councils. The results will shape policy and governance for the next five years, aligning with the goals set at the 14th National Party Congress.
The election reinforces Vietnam's democratic processes while supporting its long-term economic and social targets. With nearly 79 million participants, the vote ensures broad representation in the 16th National Assembly and local councils. The outcomes will influence how the country advances its đổi mới reforms and sustains growth in the coming years.
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