Vietnam’s Prime Minister Lê Minh Hưng has reiterated the government’s dedication to achieving double-digit economic growth between 2026 and 2030. This ambitious goal aims to balance macroeconomic stability, control inflation, and ensure equitable economic development. During a government meeting and a teleconference with local authorities, the Prime Minister detailed an updated growth strategy and policy roadmap designed to meet these objectives. He called on ministries and local governments to turn key national development resolutions into actionable plans with clear responsibilities and deadlines, urging regions with lower economic performance to revise their strategies while encouraging more successful areas to surpass their targets.
Emphasizing the importance of public investment, the Prime Minister highlighted the need for faster development, particularly in sectors such as transport, energy, agriculture, worker housing, and infrastructure for the upcoming APEC 2027. He warned that ministries and localities with poor public investment disbursement records might face funding cuts, with project performance becoming crucial in evaluating officials. The government also plans to harness innovation, science, technology, and digital transformation as primary growth drivers, aiming to build robust national digital infrastructure and integrate key databases with the National Data Centre to support long-term economic restructuring.
Vietnam’s economic performance during the first half of 2026 has been notably strong. The GDP growth reached 8.39% in the second quarter, leading to a first-half growth of 8.18%, marking the highest level since 2011. The sectors of manufacturing, construction, and services have been the primary growth engines. Additionally, the tourism industry has seen significant success, with a record 12.25 million international visitors. Foreign direct investment has also flourished, with $34.65 billion in registered capital and a five-year high in disbursed investment at $13.03 billion. Overall trade exceeded $550 billion, with state budget revenue and total investment showing robust growth.
Despite these positive developments, the government recognizes the need to address ongoing challenges. Issues such as uneven regional growth, slow public investment disbursement, and delays in major infrastructure projects persist. The government also acknowledges the necessity for further improvements in the business environment and administrative reforms. In addition to economic goals, the Prime Minister underscored the importance of enhancing education, healthcare, social welfare, national defense, and public communication. Strengthening international cooperation and fulfilling global commitments remain key priorities for the Vietnamese government as they work towards these ambitious targets.