Vietnamese Prime Minister Lê Minh Hưng has underlined the government’s ambitious objective to sustain double-digit economic growth from 2026 to 2030. He stressed the importance of maintaining macroeconomic stability, controlling inflation, and ensuring balanced growth across various sectors. During a comprehensive June meeting, which included a teleconference with local authorities, the Prime Minister highlighted that the government has revised its growth strategy and policy roadmap to support these targets.
He has instructed ministries and local governments to rigorously implement key national development resolutions, push forward legislative reforms, and translate central government directives into specific actions with clear responsibilities and deadlines. Regions lagging in economic performance were advised to amend their development strategies, while more prosperous areas were encouraged to surpass their set targets. Emphasizing the importance of public investment, the Prime Minister highlighted key areas such as transport, energy, agriculture, worker housing, and infrastructure in preparation for APEC 2027. Departments and localities with poor disbursement records might face cuts in public investment funding, as project performance becomes increasingly critical in evaluating officials.
The Vietnamese government is also placing a strong focus on innovation, science, technology, and digital transformation as primary growth catalysts. Efforts are underway to expedite the development of national digital infrastructure, integrate key databases into the National Data Centre, and promote strategic technologies crucial for long-term economic restructuring. Additionally, the Prime Minister underscored the need for advancements in education, healthcare, social welfare, national defense, and public communication, alongside strengthening international cooperation and meeting global commitments.
Government reports indicate a robust performance by Vietnam’s economy in the first half of 2026, with GDP growing by 8.39% in the second quarter, leading to an overall growth rate of 8.18% for the first half—the highest since 2011. The country’s economic expansion has been driven predominantly by manufacturing, construction, and services, with the tourism sector marking a record influx of 12.25 million international visitors. Foreign direct investment also witnessed a significant surge, reaching $34.65 billion in registered capital, and disbursed investment hitting a five-year high of $13.03 billion. Total trade surpassed $550 billion, while state budget revenue and overall investment showed strong growth.
Despite these positive trends, the government acknowledges several ongoing challenges. These include uneven regional growth, slow public investment disbursement, delays in major infrastructure projects, and the necessity for further enhancements in the business environment and administrative reforms. The Prime Minister’s directives aim to address these issues and propel Vietnam towards achieving its ambitious economic goals.