The Vietnamese government, led by Prime Minister Lê Minh Hưng, has underscored its dedication to achieving double-digit economic growth from 2026 through 2030. Emphasizing the importance of maintaining macroeconomic stability, controlling inflation, and promoting balanced economic development, the Prime Minister outlined these objectives during a recent government meeting and national teleconference with local authorities. He revealed that the government has revised its growth strategy and policy roadmap to support these ambitious goals.
To facilitate this growth, Prime Minister Lê Minh Hưng has instructed ministries and local governments to implement key national development resolutions thoroughly. Reforms in legislation are to be accelerated, and central government directives are to be translated into definitive actions with specified responsibilities and deadlines. Regions with slower economic progress have been called upon to revise their development plans, while successful areas are encouraged to surpass their targets. Public investment, particularly in transport, energy, agriculture, worker housing, and infrastructure for the upcoming APEC 2027, has been prioritized. Ministries and localities with inadequate disbursement records may face reductions in their public investment funding, with project performance now a critical metric for evaluating officials.
Innovation, science, technology, and digital transformation are highlighted as pivotal growth drivers. The government plans to expedite the development of national digital infrastructure, integrate key databases with the National Data Centre, and promote strategic technologies to support long-term economic restructuring. Additionally, the Prime Minister has called for enhancements in education, healthcare, social welfare, national defense, and public communication, while also emphasizing the importance of strengthening international cooperation and fulfilling global commitments.
Vietnam’s economy demonstrated strong performance in the first half of 2026, with GDP growth reaching 8.39% in the second quarter and 8.18% for the first six months—the highest since 2011. Manufacturing, construction, and services were the primary growth engines, and tourism saw a notable influx with a record 12.25 million international visitors. Foreign direct investment recorded $34.65 billion in registered capital during the first half of the year, with disbursed investment reaching a five-year high of $13.03 billion. Total trade surpassed $550 billion, while state budget revenue and overall investment also showed significant growth.
Despite these achievements, the government acknowledged ongoing challenges, such as uneven regional growth, slow public investment disbursement, delays in major infrastructure projects, and the necessity for further improvements in the business environment and administrative reforms. Addressing these issues remains crucial to sustaining Vietnam’s economic momentum as the nation works towards its ambitious growth targets.