Vietnam’s Prime Minister Lê Minh Hưng has reiterated the government’s ambitious goal of achieving double-digit economic growth from 2026 to 2030 while maintaining macroeconomic stability and controlling inflation. At a June government meeting and a nationwide teleconference with local authorities, he underscored the updated growth strategy and policy roadmap designed to support this target. The Prime Minister urged ministries and local governments to implement key national development resolutions promptly. He emphasized the need for both legislative reforms and translating central directives into actionable plans with clear responsibilities and deadlines. Regions lagging in economic performance were advised to revise their development strategies, while more successful areas were encouraged to surpass their goals.
Public investment, particularly in 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 records in disbursing investments could face funding cuts, linking project performance directly to the evaluation of officials. He identified innovation, science, technology, and digital transformation as key growth drivers, announcing plans to boost national digital infrastructure and integrate key databases with the National Data Centre. The promotion of strategic technologies is seen as essential for the long-term restructuring of the economy.
The Prime Minister also emphasized improvements in education, healthcare, social welfare, national defense, and public communication. Strengthening international cooperation and fulfilling global commitments were highlighted as vital components of the government’s strategy. 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, the highest since 2011. Manufacturing, construction, and services were the main drivers of this growth, alongside a record 12.25 million international visitors boosting the tourism sector.
Foreign direct investment saw significant gains, with $34.65 billion in registered capital and a five-year high of $13.03 billion in disbursed investment over the first six months. Total trade exceeded $550 billion, accompanied by strong growth in state budget revenue and overall investment. Despite this positive momentum, the government acknowledged several ongoing challenges, including uneven regional growth, sluggish public investment disbursement, delays in major infrastructure projects, and the need for further improvements in the business environment and administrative reforms.