Vietnam’s Prime Minister Lê Minh Hưng has underscored the government’s dedication to achieving significant economic growth, targeting double-digit figures from 2026 to 2030. This ambitious goal is set alongside a commitment to maintaining macroeconomic stability, controlling inflation, and ensuring balanced economic development. In a recent address during the Government’s June meeting and a nationwide teleconference with local authorities, the Prime Minister detailed an updated growth strategy and policy roadmap designed to support these objectives.
The Prime Minister instructed ministries and local governments to execute key national development resolutions, urging them to accelerate legislative reforms and translate central directives into actionable plans with defined responsibilities and deadlines. Regions with slower economic progress were asked to revise their development strategies, while those performing well were encouraged to aim even higher. Emphasizing the need for faster public investment, he highlighted key areas such as transport, energy, agriculture, worker housing, and infrastructure improvements in preparation for APEC 2027. Ministries and localities lagging in investment disbursement could face cuts in funding, with project performance becoming a critical measure for evaluating officials.
In addition to infrastructure, the Prime Minister pointed to innovation, science, technology, and digital transformation as crucial drivers of economic growth. Plans are in place to enhance national digital infrastructure, integrate significant databases with the National Data Centre, and promote strategic technologies to facilitate long-term economic restructuring. Improvements in education, healthcare, social welfare, national defense, and public communication were also called for, alongside strengthening international cooperation and meeting global commitments.
Recent government reports highlight Vietnam’s robust economic performance in the first half of 2026, with GDP rising by 8.39% in the second quarter, leading to a 8.18% growth for the first half of the year—the highest since 2011. Manufacturing, construction, and services were key growth sectors, and the tourism industry reached a milestone with 12.25 million international visitors. Foreign direct investment stood at $34.65 billion in registered capital, with disbursed investment reaching a five-year high of $13.03 billion. Total trade surpassed $550 billion, and state budget revenue and overall investment also showed strong growth.
Despite these positive trends, the government recognized persistent challenges, such as uneven regional growth, sluggish public investment disbursement, delays in major infrastructure projects, and a need for further enhancements in the business environment and administrative reforms.