Vietnamese Prime Minister Lê Minh Hưng has reiterated the government’s ambition to secure double-digit economic growth between 2026 and 2030, emphasizing the importance of maintaining macroeconomic stability, controlling inflation, and ensuring balanced development across the country. During a government meeting in June and a nationwide teleconference with local officials, he announced updates to the growth strategy and policy roadmap to realize these ambitious goals. The Prime Minister instructed ministries and local governments to implement key national development resolutions, accelerate legislative reforms, and transform central directives into tangible actions with specific responsibilities and deadlines.
In an effort to optimize economic performance, regions with slower growth were urged to revise their development strategies, while high-performing areas were encouraged to exceed their targets. A significant push for public investment was emphasized, particularly in transport, energy, agriculture, worker housing, and infrastructure ahead of the APEC 2027 summit. Ministries and localities that have historically struggled with disbursement could face cuts in funding, with a focus on project performance as a criterion for evaluating officials.
Prime Minister Lê Minh Hưng highlighted innovation, science, technology, and digital transformation as crucial drivers of growth. The government is committed to speeding up the development of national digital infrastructure, integrating vital databases with the National Data Centre, and promoting strategic technologies to aid in long-term economic restructuring. Additionally, the Prime Minister called for enhancements in education, healthcare, social welfare, and national defense, alongside strengthening international cooperation and fulfilling global commitments.
Vietnam’s economy demonstrated robust performance in the first half of 2026. The GDP surged by 8.39% in the second quarter, culminating in a 8.18% growth for the first half of the year, marking the highest rate since 2011. Manufacturing, construction, and services sectors were central to this growth, while tourism saw a record influx of 12.25 million international visitors. Foreign direct investment in Vietnam reached $34.65 billion in registered capital over the first six months, with disbursed investment achieving a five-year high of $13.03 billion. Total trade surpassed $550 billion, and both state budget revenue and overall investment recorded substantial growth.
Despite these positive developments, the government acknowledged persistent challenges, such as uneven regional growth, sluggish public investment disbursement, delays in major infrastructure projects, and the necessity for further enhancement of the business environment and administrative reforms. Addressing these issues remains essential for sustaining Vietnam’s economic momentum and achieving its future growth targets.