Vietnam’s Prime Minister Lê Minh Hưng has reiterated his government’s goal to achieve double-digit economic growth between 2026 and 2030, while ensuring macroeconomic stability and controlling inflation. During a government meeting and a nationwide teleconference with local authorities in June, he outlined a revised growth strategy and policy roadmap aimed at reaching this ambitious target. The Prime Minister called on ministries and local governments to fully implement key national development resolutions, push legislative reforms, and translate central directives into specific actions with defined responsibilities and deadlines. He urged provinces lagging in economic performance to revamp their development plans, while encouraging more successful regions to surpass their targets.
The Prime Minister stressed the importance of accelerating public investment, particularly in sectors like transportation, energy, agriculture, worker housing, and infrastructure for the APEC 2027 summit. Ministries and localities with poor records in disbursing public funds risk losing investment allocations, as project performance will now play a critical role in assessing officials. He identified innovation, science, technology, and digital transformation as vital drivers of growth, with plans to expand national digital infrastructure, integrate critical databases with the National Data Centre, and promote strategic technologies for long-term economic restructuring.
In addition to economic measures, the Prime Minister also called for advancements in education, healthcare, social welfare, national defense, and public communication. Strengthening international cooperation and fulfilling global commitments were also highlighted as priorities. According to government reports, Vietnam’s economy showed robust performance in the first half of 2026, achieving an 8.39% GDP growth rate in the second quarter, resulting in an 8.18% growth for the first half, the highest since 2011. Key sectors such as manufacturing, construction, and services led this growth, while the tourism sector saw a record 12.25 million international visitors.
Foreign direct investment was notably strong, with $34.65 billion in registered capital for the first six months and disbursed investment hitting a five-year high of $13.03 billion. Total trade exceeded $550 billion, with state budget revenue and overall investment also seeing significant increases. Despite these positive trends, the government acknowledged persistent 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.