VIETNAM EYES DOUBLE-DIGIT GROWTH IN 2026

At the National Assembly session on November 13, deputies voted for an economic growth target of at least 10% in 2026 - PHOTO: QUOCHOI.VN

HCMC – The National Assembly has approved the 2026 socio-economic development plan, setting an economic growth target of at least 10%.

The resolution, passed on November 13 with more than 90% of lawmakers in favor, also aims for per capita GDP of US$5,400-5,500 and an inflation rate of around 4.5%, according to the National Assembly’s website (quochoi.vn). These targets are higher than the projected outcomes for 2025.

The Government is assigned to pursue growth while maintaining macroeconomic stability, controlling inflation, and ensuring key economic balances. Fiscal and monetary policies will be managed flexibly, with credit directed toward production and business and tighter control over lending to risky sectors.

Authorities are instructed to strengthen management of the gold, real estate, and stock markets and prevent tax losses, especially in e-commerce, food services, and retail.

Public debt and budget deficits must be tightly managed to create fiscal space for development, including the issuance of government bonds for major national projects.

The National Assembly called for the removal of investment bottlenecks and faster public capital disbursement from early 2026, focusing on large projects and national target programs.

The Government was also tasked with establishing international financial centers in HCMC and Danang City and developing new-generation free trade zones in selected provinces.

Key infrastructure projects include the Lao Cai–Hanoi–Haiphong railway, urban rail lines in Hanoi City and HCMC, phase two of Long Thanh International Airport, Gia Binh Airport, and the international transshipment ports in Can Gio and Hon Khoai.

The resolution also calls for investment incentives in the energy sector, progress on the Ninh Thuan 1 and 2 nuclear power plants, and the development of emerging sectors such as marine, underground, and space economies.

Source: The Saigon Times

Related News

MEMBER CORNER / PROMOTIONS

VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026

Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.

Jul 24, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS

Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH

From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

CHINESE INVESTMENT WAVE OPENS NEW DOORS

As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET

Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND

In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.

Jul 23, 2026