Vietnam is setting an ambitious economic agenda as Prime Minister Lê Minh Hưng announced the government’s goal to achieve double-digit growth from 2026 to 2030. This target aims to bolster macroeconomic stability, control inflation, and promote balanced economic development. At a recent nationwide teleconference and government meeting in June, the Prime Minister outlined an updated growth strategy and policy roadmap to support these objectives, urging swift implementation of key national development resolutions and legislative reforms.
To meet these goals, ministries and local authorities have been tasked with converting central directives into actionable plans with specific responsibilities and deadlines. Provinces lagging in economic performance have been instructed to revise their development plans, while thriving regions are encouraged to surpass their targets. Public investment is a focal point, with emphasis on sectors like transport, energy, agriculture, and worker housing. The Prime Minister cautioned that ministries and localities with poor disbursement records might face reduced funding, making project performance a critical measure for evaluating officials.
Innovation, science, and technology are being touted as key drivers for growth. The government is set to ramp up the development of national digital infrastructure and integrate key databases with the National Data Centre. This move is aimed at promoting strategic technologies to support long-term economic restructuring. Simultaneously, improvements in education, healthcare, social welfare, national defense, and public communication are being prioritized, alongside strengthening international cooperation and fulfilling global commitments.
Vietnam’s economy has shown strong performance in the first half of 2026, with GDP growing 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 have been the primary growth sectors. The tourism industry also saw a record 12.25 million international visitors. Furthermore, foreign direct investment reached $34.65 billion in registered capital, while disbursed investments hit a five-year high of $13.03 billion. Total trade surpassed $550 billion, with state budget revenue and overall investment also seeing significant growth.
Despite this positive trajectory, the government recognizes ongoing challenges such as uneven regional growth, sluggish public investment disbursement, and delays in major infrastructure projects. There is also a pressing need for further improvements in the business environment and administrative reforms to sustain this momentum and achieve the ambitious targets set for the coming years.