During a recent government meeting and teleconference with local authorities, Vietnamese Prime Minister Lê Minh Hưng reiterated the nation’s ambitious goal of achieving double-digit economic growth between 2026 and 2030. The Prime Minister underscored the importance of maintaining macroeconomic stability, controlling inflation, and ensuring balanced development across various sectors. He noted that the government has revised its growth strategy and policy roadmap to support these objectives, urging all ministries and local governments to implement national development resolutions effectively. Regions lagging in economic performance were advised to adjust their development plans, while those performing well were encouraged to aim higher.
Prime Minister Lê Minh Hưng placed particular emphasis on accelerating public investment in key areas such as transportation, energy, agriculture, worker housing, and infrastructure for the upcoming APEC 2027 summit. He warned that ministries and localities with poor records of public investment disbursement might face funding cuts, and project performance would significantly influence the evaluation of government officials. The Prime Minister also highlighted the crucial role of innovation, science, technology, and digital transformation as major growth drivers, with plans to enhance national digital infrastructure and integrate key databases with the National Data Centre.
In his address, the Prime Minister also stressed the need for improvements in education, healthcare, social welfare, national defense, and public communication. He emphasized the importance of strengthening international cooperation and fulfilling global commitments to bolster Vietnam’s economic and social standing. These comprehensive efforts are part of a broader strategy to support long-term economic restructuring and maintain growth momentum.
The government reports indicate that Vietnam’s economy performed robustly in the first half of 2026, with a GDP growth of 8.39% in the second quarter, resulting in a 8.18% growth for the first half of the year—the highest since 2011. Key sectors such as manufacturing, construction, and services were pivotal in driving this growth. The tourism industry also saw a record influx of 12.25 million international visitors. Foreign direct investment was notably strong, with $34.65 billion in registered capital and $13.03 billion in disbursed investment, marking a five-year high. Total trade surpassed $550 billion, and state budget revenue, along with overall investment, showed significant growth.
Despite these achievements, the government acknowledged several ongoing challenges. Regional growth remains uneven, public investment disbursement is slower than desired, and delays in major infrastructure projects persist. Additionally, there is a recognized need for continued improvements in the business environment and administrative reforms to sustain the positive economic momentum.