Vietnam’s Prime Minister, Lê Minh Hưng, has emphasized the nation’s ambition for double-digit economic growth from 2026 to 2030, underlining the importance of maintaining macroeconomic stability, controlling inflation, and achieving balanced development. During the government’s June meeting, which included a teleconference with local authorities, the Prime Minister outlined a refreshed growth strategy and policy roadmap to meet these ambitious objectives. He urged ministries and local governments to effectively implement national development resolutions, advance legislative reforms, and transform central directives into actionable plans with defined responsibilities and deadlines. Regions with slower economic growth were advised to reassess their plans, while those performing well were encouraged to surpass their targets.
The Prime Minister highlighted the necessity of increasing public investment, particularly in key sectors such as transport, energy, agriculture, worker housing, and infrastructure for the upcoming APEC summit in 2027. To ensure efficient use of resources, ministries and localities with poor records in disbursing funds could face cuts in public investment allocations. The performance of projects is set to become a critical measure in evaluating officials’ effectiveness. The government also aims to accelerate innovation, science, technology, and digital transformation as primary drivers of growth. Plans include enhancing national digital infrastructure, integrating databases with the National Data Centre, and promoting strategic technologies to aid long-term economic restructuring.
In addition to economic strategies, the Prime Minister called for advancements in education, healthcare, social welfare, national defense, and public communication. He stressed the importance of strengthening international cooperation and honoring global commitments. Reports from the government indicate that Vietnam’s economy showed robust performance in the first half of 2026, with GDP growth reaching 8.39% in the second quarter and 8.18% for the first half, marking the highest growth since 2011. The sectors of manufacturing, construction, and services led this growth, while the tourism industry saw a record 12.25 million international visitors.
Foreign direct investment was a highlight, with registered capital amounting to $34.65 billion and disbursed investment reaching a five-year peak of $13.03 billion in the first six months. Total trade surpassed $550 billion, and there was significant growth in state budget revenue and overall investment. Despite these achievements, the government acknowledged persisting challenges, such as uneven regional growth, sluggish public investment disbursement, delays in major infrastructure projects, and the need to enhance the business environment and administrative processes.