Vietnam sets bold 2026 growth goals, eyes 10% plus GDP expansion

The plan also projects GDP per capita at $5,400-$5,500, consumer price inflation at around 4.5 per cent, and labour productivity growth of about 8.5 per cent. Meanwhile, economic growth in 2025 is expected to reach roughly 8 per cent.

To support these goals, the Ministry of Finance is finalising draft Resolution 01, which will serve as an initial policy roadmap for the year ahead. Sectoral projections indicate industry and construction are expected to expand by nearly 12 per cent, reflecting the government’s continued emphasis on industrialisation and infrastructure development, said Vietnamese media reports.

Deputy Minister of Finance Do Thanh Trung said the National Assembly has identified 11 key task groups and solutions to drive growth, which will be translated into concrete action plans under Resolution 01.

Looking ahead, several catalysts are expected to support expansion, including the official opening of the International Financial Centre and the launch or ground-breaking of 234 major national projects with combined investment exceeding VND3.4 quadrillion.

Total social investment in 2026 is projected at nearly VND4.93 quadrillion, equivalent to $189 billion, representing an increase of 18.7 per cent year on year (YoY) and accounting for roughly 33-33.7 per cent of GDP. Exports are forecast to rise by about 8 per cent, generating a trade surplus of around $28 billion. Meanwhile, retail sales are expected to grow by 11 per cent, with an upside target of 12 per cent.

The growth ambitions extend beyond central government planning. Major economic hubs such as Ha Noi, Ho Chi Minh City, Hai Phong, Quang Ninh, Da Nang and Dong Nai are all aiming for double-digit gross regional domestic product growth. Less developed provinces, including Son La, Gia Lai, Dak Lak, Vinh Long, Dong Thap and Ca Mau, are also setting robust targets, with growth expectations of at least 8 per cent.

Policy priorities include accelerating institutional reforms to improve transparency and consistency in investment and business regulations, safeguarding macroeconomic stability while supporting growth, advancing economic restructuring and new growth models, and ensuring timely delivery of strategic and critical infrastructure projects, added the reports.

ALCHEMPro News Desk (SG)