Vietnamese Prime Minister Lê Minh Hưng has reiterated his government’s resolve to achieve robust economic growth, targeting double-digit expansion from 2026 to 2030. This ambition is set against a backdrop of maintaining macroeconomic stability, managing inflation, and ensuring equitable economic progress. During a recent government meeting and a teleconference with local authorities, the Prime Minister highlighted an updated growth strategy and policy roadmap crafted to support these ambitious goals.
He tasked ministries and local governments with the complete implementation of key national development resolutions. This includes speeding up legislative reforms and translating central directives into actionable plans with specific responsibilities and deadlines. Provinces lagging in economic performance have been urged to revamp their development strategies, while those performing well are encouraged to surpass their targets.
Public investment is a focal point, with the Prime Minister advocating for accelerated spending in sectors like transportation, energy, agriculture, worker housing, and infrastructure in preparation for APEC 2027. Ministries and localities with poor disbursement records might see cuts in public investment funds, as project performance will now play a crucial role in the evaluation of officials. Additionally, innovation, science, technology, and digital transformation are identified as vital growth engines, with plans to enhance national digital infrastructure and integrate key databases with the National Data Centre underway.
The Prime Minister also stressed the importance of improvements in education, healthcare, social welfare, national defense, and public communication, alongside strengthening international cooperation and meeting global commitments. Vietnam’s economy showed strong performance in early 2026, with a GDP growth of 8.39% in the second quarter leading to a first-half growth rate of 8.18%, the highest since 2011. Key growth drivers included manufacturing, construction, and services, while tourism saw a record influx of 12.25 million international visitors.
Foreign direct investment during the first half of the year reached $34.65 billion in registered capital, with disbursed investments hitting a five-year peak at $13.03 billion. Total trade surpassed $550 billion, and the state budget revenue and overall investment also exhibited strong growth. Despite this positive momentum, the government acknowledged persistent challenges, such as uneven regional growth, sluggish public investment disbursement, delays in major infrastructure projects, and the need for ongoing business environment improvements and administrative reforms.