Vietnamese Prime Minister Lê Minh Hưng has reiterated the nation’s ambitious goal of achieving double-digit economic growth from 2026 to 2030. This objective will be pursued alongside efforts to maintain macroeconomic stability, manage inflation, and ensure balanced economic development. During the Government’s June meeting and a nationwide teleconference with local authorities, the Prime Minister announced updates to the country’s growth strategy and policy roadmap to align with this target.
In his address, the Prime Minister urged ministries and local governments to implement key national development resolutions effectively. He stressed the need for legislative reforms and the conversion of central government directives into actionable plans with specific responsibilities and deadlines. Regions with slower economic growth are to revise their development strategies, while those performing well were encouraged to surpass their targets. Public investment, particularly in sectors like transport, energy, agriculture, worker housing, and infrastructure for APEC 2027, was highlighted as a priority. The Prime Minister warned that ministries and localities with poor investment disbursement records might face funding cuts.
The focus on innovation, science, technology, and digital transformation as major growth drivers was also emphasized. Plans to accelerate the development of national digital infrastructure and integrate key databases with the National Data Centre were outlined. Additionally, promoting strategic technologies is expected to facilitate long-term economic restructuring. The Prime Minister also called for enhancements in education, healthcare, social welfare, national defense, and public communication, alongside strengthening international cooperation and fulfilling global commitments.
The government reported strong economic performance in the first half of 2026, with GDP growing by 8.39% in the second quarter, leading to a first-half growth rate of 8.18%, the highest since 2011. Manufacturing, construction, and services were identified as key growth sectors, while the tourism sector reported a record 12.25 million international visitors. Foreign direct investment showed robust figures, with $34.65 billion in registered capital and disbursed investment reaching a five-year peak of $13.03 billion. Total trade surpassed $550 billion, with state budget revenue and overall investment also showing promising growth.
Despite these positive trends, the government acknowledged challenges such as uneven regional growth, slow public investment disbursement, and delays in major infrastructure projects. Additionally, there is a recognized need for further improvements in the business environment and administrative reforms to sustain and enhance economic momentum.