Vietnam Plans 10% GDP Growth in 2026 Amid Economic Resilience

Vietnam's Prime Minister Pham Minh Chinh has set an ambitious target for the country's GDP growth to reach 10% in 2026, building on a strong economic performance despite global challenges such as US tariffs and trade uncertainties. The Vietnamese economy is projected to grow over 8% in 2025, with an average growth rate of 6.3% for the 2021–2025 period, surpassing previous terms and maintaining one of the fastest growth rates globally. Key drivers include robust exports, investments, industrial expansion, and strategic trade diversification through planned free trade agreements with countries in the Middle East, Latin America, and Africa. Vietnam also plans significant infrastructure projects like the North-South high-speed railway and satellite internet services to sustain long-term development and technological advancement. The government emphasizes maintaining macroeconomic stability, controlling inflation, and ensuring fiscal discipline, with public debt expected to remain at 35% of GDP. Despite external shocks, Vietnam's economy demonstrates resilience and aims to enhance strategic autonomy, accelerate industrialization, and modernize its administrative system to support sustained growth.