The fourth plenum of the 14th-term Party Central Committee closed on the afternoon of Oct. 8 in Hanoi after four working days, chaired by General Secretary and State President Tô Lâm (Nhân Dân, VTV, VietnamPlus, VnExpress, Đại biểu Nhân dân, Vietnam News Agency). The plenum adopted its own resolution along with many resolutions, regulations and projects within its authority, focusing on Party building and rectification, personnel work and making use of talent. The Central Committee adopted an outline for reviewing 100 years of the Party’s leadership, the direction for the country’s development over the next 100 years, and an outline for reviewing 40 years of implementing the Party Platform. The plenum set 2027 as a year of acceleration and breakthrough, with a GDP target of 10% or more and average CPI of about 4.5%. Some papers mentioned research into amending the Party Statutes, which falls within the authority of the National Congress. The General Secretary called for urgently turning decisions into specifics and tying responsibility to results that serve the people.
The Central Committee’s directions are the basis for the Government and the National Assembly to draw up the 2027 plan, in which a GDP target of 10% or more is very high by usual practice.
The GDP and CPI targets show a priority on fast growth; to reach them with inflation now above 5%, monetary and price policy will have to be run carefully.
A high target gives momentum to institutional reform and investment, in keeping with the demand to turn decisions into results.
A GDP target of 10% or more for a second year in a row is very hard with high inflation, high US interest rates and volatile oil prices; the 4.5% CPI target is also being exceeded.
A 10% target and 4.5% CPI are hard to hit at the same time if energy prices stay high. Wait for the resolutions to be published in full and for the Government’s plan to see the concrete measures.
Nhân Dân, VTV, VietnamPlus, VnExpress, Đại biểu Nhân dân, TTXVN (Oct. 8, 2026)
Fourth Central Committee plenum closes: 2027 set as a year of acceleration, with a GDP target of 10% or more and average CPI of about 4.5%
The Central Committee adopted outlines reviewing 100 years of the Party’s leadership and the direction for the country’s development over the next 100 years; the General Secretary called for turning decisions into specifics and tying responsibility to results.
The fourth plenum of the 14th-term Party Central Committee closed on the afternoon of Oct. 8 in Hanoi after four working days, chaired by General Secretary and State President Tô Lâm, according to Nhân Dân, VTV, VietnamPlus, VnExpress and Đại biểu Nhân dân. The plenum adopted its own resolution along with many resolutions, regulations and projects within its authority, focusing on Party building and rectification, renewing the method of leadership, personnel work and making use of talent.
On long-term direction, the Central Committee adopted an outline for reviewing 100 years of the Party leading the Vietnamese revolution and the direction for the country’s development over the next 100 years, together with an outline for reviewing 40 years of implementing the Party Platform. The plenum set 2027 as a year of acceleration and breakthrough, with a target of GDP growth of 10% or more, stable macroeconomic conditions and average CPI of about 4.5%. These are targets set by the plenum; CPI for the first nine months of 2026 was already 4.52%, and September rose 5.08% from a year earlier.