Vietnam’s Prime Minister Lê Minh Hưng has underscored the government’s ambition to achieve double-digit economic growth between 2026 and 2030, while maintaining macroeconomic stability and controlling inflation. Speaking during a June meeting with government officials and in a teleconference with local authorities, he outlined an updated growth strategy and policy roadmap to support this ambitious goal. The Prime Minister instructed ministries and local governments to implement key national development resolutions, urging slower-growing provinces to revise their plans and stronger regions to surpass their targets.
To facilitate this growth, the Prime Minister emphasized the need for faster public investment, particularly in sectors such as transport, energy, agriculture, worker housing, and infrastructure for the APEC 2027 summit. He warned that ministries and localities with poor disbursement records might face cuts in public investment funding, with project performance becoming a crucial criterion for evaluating officials. Innovation, science, technology, and digital transformation were identified as major drivers of growth, with plans to enhance national digital infrastructure and integrate databases with the National Data Centre.
In addition to economic development, the Prime Minister called for advancements in education, healthcare, social welfare, national defense, and public communication, while also emphasizing the importance of strengthening international cooperation and fulfilling global commitments. Government reports highlighted strong economic performance in the first half of 2026, with GDP growing by 8.39% in the second quarter, resulting in a first-half growth rate of 8.18%—the highest since 2011. Manufacturing, construction, and services were the primary growth sectors, alongside record international tourism figures of 12.25 million visitors.
Foreign direct investment also showed robust activity, with $34.65 billion in registered capital and a five-year high of $13.03 billion in disbursed investments during the first six months. Total trade exceeded $550 billion, while state budget revenue and overall investment recorded significant growth. Despite the positive trends, the government acknowledged challenges such as uneven regional growth, slow public investment disbursement, delays in major infrastructure projects, and the need for improvements in the business environment and administrative reforms.