Vietnamese Prime Minister Lê Minh Hưng has reinforced the government’s dedication to achieving double-digit economic growth between 2026 and 2030, while also ensuring macroeconomic stability and controlled inflation. In a recent government meeting and a teleconference with local authorities, the Prime Minister detailed an updated growth strategy and policy roadmap designed to support this ambitious target. He emphasized the necessity for ministries and local governments to implement key national development resolutions, expedite legislative reforms, and convert central directives into specific actions with defined responsibilities and deadlines.
To encourage balanced economic development, provinces with slower growth were urged to revise their development strategies, while regions with strong economic performance were encouraged to surpass their targets. The Prime Minister highlighted the importance of accelerating public investment, especially in areas such as transport, energy, agriculture, worker housing, and infrastructure in preparation for APEC 2027. He warned that ministries and localities with poor disbursement records might face cuts in public investment funding, and stressed that project performance would play a crucial role in evaluating officials.
Innovation, science, technology, and digital transformation were underscored as pivotal drivers of growth. The government plans to speed up the development of national digital infrastructure, integrate vital databases with the National Data Centre, and encourage strategic technologies to support long-term economic restructuring. Furthermore, the Prime Minister called for advancements in education, healthcare, social welfare, national defense, and public communication, while bolstering international cooperation and adhering to global commitments.
During the first half of 2026, Vietnam’s economy demonstrated robust performance, with GDP growing by 8.39% in the second quarter, resulting in a first-half growth rate of 8.18%, the highest since 2011. The primary contributors to this growth were manufacturing, construction, and services, while the tourism sector set a new record by welcoming 12.25 million international visitors. The nation attracted $34.65 billion in registered foreign direct investment during this period, with disbursed investments reaching a five-year high of $13.03 billion. Total trade exceeded $550 billion, and state budget revenue along with overall investment saw significant growth.
Despite these positive developments, the government acknowledged ongoing challenges such as uneven regional growth, sluggish 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 for sustaining the country’s economic momentum.