Home breadcru News breadcru Policy breadcru Vietnam sets new 10% average annual growth target between 2026, 2030

Vietnam sets new 10% average annual growth target between 2026, 2030

23 Oct '25
1 min read
Vietnam sets new 10% average annual growth target between 2026, 2030
Pic: Shutterstock

Insights

  • Vietnam has set a new average annual growth target of at least 10 per cent between 2026 and 2030, according to a new directive from the prime minister.
  • The plan focuses on restructuring the economy, accelerating industrialisation and modernisation, promoting science, technology innovation and digital transformation as key growth drivers, and maintaining macroeconomic stability while controlling inflation.
Vietnam has set a new average annual growth target of at least 10 per cent between 2026 and 2030, according to a new directive from Prime Minister Pham Minh Chính on the socio-economic development plan for the next five-year period.

The directive warrants that the targets set for 2026-30 must be clear, feasible and compliant with the 2021-30 national development strategy.

The plan focuses on restructuring the economy, accelerating industrialisation and modernisation, promoting science, technology innovation and digital transformation as key growth drivers, and maintaining macroeconomic stability while controlling inflation.

The directive identifies the private sector as a key pillar for growth and innovation, calling for support to promote the development of regionally and globally competitive private groups and small and medium enterprises, a domestic media outlet reported.

The country also plans to invest in cultivating high-quality human resources to meet global standards and the requirements of strategic industries.

Infrastructure development remains a top priority, including the North-South expressway, key seaports and airports, urban railways and two nuclear power plants.

ALCHEMPro News Desk (DS)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!