Vietnam's Finance Ministry pegs 2026 GDP growth target at 10%

In its recent report to the government, the ministry said all 15 key indicators of the economy are expected to achieve target.

GDP growth is projected to reach at least 8 per cent this year, with per capita income rising to $5,000 and inflation staying at around 4 per cent, providing the launch pad for double-digit growth in 2026.

GDP per capita is projected at $5,000 in 2026, inflation at around 5 per cent and poverty reduction at 1-1.5 per cent.

However, the double-digit growth target is far more ambitious than forecasts by international institutions.

The draft plan outlined 10 key policies. These include hastening institutional reforms, ensuring macroeconomic stability, shifting to a new growth model, accelerating investment in infrastructure, enhancing human resource quality, and advancing science, technology and innovation.

The ministry noted that economic hubs like Hanoi, HCM City, Da Nang, Hai Phong, Dong Nai and Lam Dong would need to post double-digit growth to generate momentum for the broader economy, a domestic news outlet reported.

Vietnam’s economy expanded at 7.52 per cent in the first half this year—the highest recorded during the 2011-25 period.

ALCHEMPro News Desk (DS)