Vietnam’s Prime Minister, Lê Minh Hưng, has reiterated the country’s goal of achieving double-digit economic growth between 2026 and 2030. This ambitious target is set alongside aims to maintain macroeconomic stability, control inflation, and ensure balanced development across the nation. During a recent government meeting and a teleconference with local officials, the Prime Minister revealed that the government has updated its strategic growth plans and policy roadmaps to meet these objectives.
To transform these plans into reality, the Prime Minister instructed various ministries and local governments to implement key national development resolutions. Legislative reforms are to be accelerated, and central government directives need to be converted into actionable steps with assigned responsibilities and clear deadlines. Regions lagging economically were told to revise their development strategies, while those performing well were encouraged to aim even higher.
The focus on public investment was underscored, particularly in critical areas such as transport, energy, agriculture, worker housing, and infrastructure needed for APEC 2027. Ministries and regions with poor investment disbursement records face potential cuts in public funding, with the effectiveness of projects becoming a critical metric for evaluating officials. The government also identified innovation, science, technology, and digital transformation as key growth drivers. Plans are underway to enhance national digital infrastructure, integrate important databases with the National Data Centre, and advance strategic technologies to foster long-term economic restructuring.
The Prime Minister also stressed the importance of advancements in education, healthcare, social welfare, national defense, and public communication, along with strengthening international cooperation and meeting global commitments. Reports indicate that Vietnam’s economy showed robust performance in the first half of 2026, with GDP expanding by 8.39% in the second quarter, resulting in a 8.18% growth for the first half of the year—the highest since 2011. Manufacturing, construction, and services were the primary growth engines, and the tourism sector reached a milestone with 12.25 million international visitors.
Foreign direct investment surged to $34.65 billion in registered capital in the first half of the year, with a five-year high of $13.03 billion in disbursed investments. Total trade figures surpassed $550 billion, while state budget revenues and overall investments also demonstrated strong growth. However, the government remains mindful of several challenges, including uneven regional growth, sluggish public investment disbursement, delays in key infrastructure projects, and the need to further enhance the business environment and administrative reforms.