Shadowing Practice: Việt Nam sets local GRDP growth targets | Vietnam Today - Learn English Speaking with YouTube

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A new feature of the 2026-2035 year social economic development plan assigns specific GRDP targets to each locality.
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A new feature of the 2026-2035 year social economic development plan assigns specific GRDP targets to each locality.
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While assigning specific targets can sharpen accountability and boost governance performance,
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it can also create significant challenges for cities.
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More in the following story.
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After the first session of the 16th National Assembly,
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Ho Chi Minh City has been assigned a GRDP growth target of 10% for 2026
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and an average of 10% for the 2026-2030 period.
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Every sector and every unit must give their best,
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but hitting the target will demand smart,
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carefully calibrated policies to keep the economy's key balances healthy and macro indicators stable.
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For leading economic hubs like Ho Chi Minh City,
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they can no longer rely on old advantages like land or cheap labor.
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This requires heavy investment in human capital and knowledge because those are the foundations for innovation.
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Ho Chi Minh City is well-positioned to carry out this transformation because it is Vietnam's innovation hub,
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serving as a meeting point for scientific, technological and international activities.
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As a result, it has both the infrastructure and the human capital to implement deep,
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intensive growth." When advantages based on traditional resources reach their limits,
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localities must shift to growth models based on science and technology,
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innovation, productivity and knowledge.
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It is necessary to create greater proactiveness and expand the scope of decision-making authority for local governments.
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Local authorities should be granted the right to negotiate,
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to seek ways to attract more FDI.
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This reflects a new mindset in national governance.
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In reality, national growth must come from each specific locality and city.
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And now to further examine the motivations,
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financial strategies and wider implications for Vietnam's growth ambitions,
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economist Dr. Li Hoang Vu now joins us.
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Well, first of all, thank you very much for taking the time to talk with Vietnam today.
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My first question is,
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this is the first time the National Assembly has assigned specific GRDP growth targets to each locality for the 2026-2030 period.
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What do you see as the primary motivations behind this policy shift?
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According to the National Statistics Office,
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in 2025, Ho Chi Minh City contributed about 33% to the GB growth of Vietnam,
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followed by Hanoi, Haifong, and then Dong Nai,
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and Park and the rest of the city provinces just be presented below.
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So you can see the significant gap.
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And second, Vietnam learned the successful model from ASEAN development.
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So they want to create a friendly,
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friendly, healthy competition between the localities to attract FBI,
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human resources, and also push for infrastructure development and third is
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that vietnamese central government can see a successful business practice from the province
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and then replicate at scale nationally
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so from a financial services perspective what strategies should localities with ambitious grdp goals prioritize to attract investment
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and achieve these targets as you know that vietnam is very investors to achieve the double-digit economic growth in upcoming time.
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So they really need a lot of FDI and no one foreign investor comes to Vietnam.
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The first thing they want to care about is the investment business environment.
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The second is about the certainty in terms of legal policies.
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And the third one is about the dispute resolution while doing business.
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And number two is about potential projects investment roadmap forum The
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leader of the locality should go overseas to attend international forum to discuss about with products
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or services that they can offer And the third is money
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or capital the locality should have some support scheme for SMEs to access capital
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so looking ahead how might this National Assembly initiative of locality
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specific a GRDP targets influence Vietnam's overall ambition for 10% a
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10% plus annual GDP growth through 2030 particularly in professional services sectors?
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In Ho Chi Minh City,
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they will continue to focus on the traditional and complex financial products.
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And in coastal provinces, it's good for investing in renewable energy.
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And also, you can see here,
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you can see that Vietnam is pushing for digital transformation,
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building the data center.
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So, IA, IA, IT, or cybersecurity are extremely important to run this well and safely.
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So this means that based on that,
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the professional services develop a lot.
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Well, thank you very much for joining us.
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That was our discussion with Dr. Economist Li Hoang Vu.

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Context & Background

The recent developments in Vietnam’s socioeconomic landscape reveal a pivotal shift in the governance model with the assignment of specific GRDP (Gross Regional Domestic Product) targets to individual localities between 2026 and 2030. This is particularly significant for Ho Chi Minh City, which is expected to achieve a notable growth rate of 10% annually during this period. The intent behind these localized targets is to foster accountability, improve governance, and stimulate economic growth through innovation and human capital development. Local governments are being empowered to take proactive measures, which includes negotiating with foreign investors and creating a favorable business environment. This change reflects a broader trend of transforming Vietnam’s economy away from reliance on traditional resources toward a model driven more by science, technology, and knowledge.

Top 5 Phrases for Daily Communication

  • GRDP growth target: Understanding economic goals at the local level.
  • Human capital and knowledge: Emphasizing the importance of education and skills development.
  • Foreign Direct Investment (FDI): Key to economic growth and sustainability.
  • Infrastructure development: Essential for supporting growing economies.
  • Business investment environment: A critical factor for attracting investors.

Step-by-step Shadowing Guide

To effectively improve your English pronunciation and speaking skills using the shadowing technique while exploring the themes discussed in the video, follow these steps:

  1. Watch and Listen: Start by watching the video in its entirety, focusing on the pronunciation of key phrases. Utilize a shadowing app to replay sections as needed.
  2. Repeat After the Speaker: As you listen, pause after each sentence or phrase and mimic the speaker. Pay close attention to the intonation and rhythm. This practice will not only enhance your vocabulary but also your IELTS speaking practice skills.
  3. Break It Down: Focus on specific phrases that resonate with you, such as "human capital and knowledge" or "business investment environment." Practice them repeatedly until you feel confident.
  4. Record Yourself: Use your smartphone or recorder to capture your voice as you shadow the speaker. Replay your recordings and analyze where you can improve your accent and pronunciation.
  5. Reflect and Refine: After several practices, choose one or two phrases that you find challenging. Dedicate extra time to perfecting those through repetition and by incorporating them into your dialogues. This will enrich your conversational English.

By consistently applying this shadowing technique and focusing on economic terminology from the video, you will not only enhance your understanding of the subject matter but will also improve your overall English speaking proficiency.

What is the Shadowing Technique?

Shadowing is a science-backed language learning technique originally developed for professional interpreter training and popularized by polyglot Dr. Alexander Arguelles. The method is simple but powerful: you listen to native English audio and immediately repeat it out loud — like a shadow following the speaker with just a 1–2 second delay. Unlike passive listening or grammar drills, shadowing forces your brain and mouth muscles to simultaneously process and reproduce real speech patterns. Research shows it significantly improves pronunciation accuracy, intonation, rhythm, connected speech, listening comprehension, and speaking fluency — making it one of the most effective methods for IELTS Speaking preparation and real-world English communication.

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