Vietnam Aims for 10%+ GDP Growth in 2026: A New Stature

2026 GDP Growth Target of Over 10%: New Bravery, New Stature

According to National Assembly deputies, the target of achieving a GDP growth rate of 10% or higher in 2026 demonstrates the aspiration for a breakthrough and the extremely high determination of the entire political system.

Ms. Pham Thi Hong Yen – Full-time Member of the Economic and Finance Committee: A “Launchpad” for New Momentum

The National Assembly has passed the Resolution on the Socio-Economic Development Plan for 2026, which clearly states the striving goal for the Gross Domestic Product (GDP) growth rate to be from 10% upwards. This target embodies the aspiration for a breakthrough and the high determination of the entire political system in the country’s new development phase.

If a growth rate of 10% or more is achieved, it will not merely be an economic target but, according to the assessment of the Economic and Finance Committee, a launchpad for new momentum, new bravery, and new stature for the Vietnamese economy.

To realize this goal, the National Assembly’s Resolution has outlined a series of solutions requiring the Government to implement synchronously and decisively, thereby creating a new impulse for growth. I believe the primary solution must continue to be prioritizing growth promotion linked with maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy, and keeping public debt and state budget overspending within prescribed limits.

The second key solution is to create a substantive breakthrough in institutions and establish a favorable, safe, and healthy business investment environment. Focus must be placed on thoroughly removing “bottlenecks” in laws regarding land, investment, planning, construction, forestry, environment, and administrative procedures. The Government needs to accelerate the issuance of guiding documents and organize the effective, synchronous, and high-quality implementation of laws and resolutions passed by the National Assembly, ensuring new policy mechanisms quickly enter life.

The third key solution is to focus on improving strategic autonomy and establishing a new growth model, taking science and technology, innovation, and digital transformation as the main drivers. This is the decisive factor for rapid and sustainable growth.

Alongside promoting industrialization, modernization, and developing foundational and spearhead industries, it is necessary to implement favorable policy mechanisms to develop new economic models, new business models, new fields, and new technology industries such as semiconductors, renewable energy, artificial intelligence (AI), biotechnology, digital economy, and circular economy.

The fourth key solution involves focusing on strongly developing the private economic sector and clearing resources, effectively attracting domestic and international capital flows. This includes effectively operating the International Financial Centers in Ho Chi Minh City and Da Nang, and new-generation free trade zones in selected localities according to National Assembly resolutions.

Finally, promoting the development of modern, high-quality human resources is the long-term foundation deciding the quality of growth. Training must be closely linked with market demand, focusing on digital skills, technology, automation, and innovation governance.

Delegate Pham Trong Nghia – Lang Son Delegation: Important Foundation to Continue “Reaping” Success

The target of GDP growth reaching 10% or more reflects Vietnam’s aspiration and responsibility amidst a volatile global economy. This goal requires comprehensive solutions ranging from innovating the development model to promoting endogenous capacity; from boosting public investment to improving governance capacity; and from developing the private economy to enhancing labor productivity.

In the context of the world undergoing profound changes—from the Fourth Industrial Revolution, digital transformation, and climate change to fierce geopolitical competition—Vietnam needs to continue affirming its role as a dynamic developing country, integrating deeply and widely, while firmly protecting national interests.

In reality, with sustainable foundations and appropriate development strategies, Vietnam has emerged as a bright spot in the current global context. Vietnam maintains its position as a politically stable country in Southeast Asia. According to the Chandler Good Government Index (CGGI) 2025, Vietnam ranked 30th globally in “Leadership and Foresight,” rising sharply thanks to excellent performance in indicators such as national strategy and risk forecasting capabilities.

Furthermore, Vietnam stands out with a foreign policy that is multilateral, independent, self-reliant, flexible, and resilient, helping the country become a “bridge” between major powers. Regarding diplomatic influence, Vietnam is a Comprehensive Strategic Partner with 14 major countries (USA, China, Russia, India, EU, UK, etc.). Vietnam is a member of 17 FTAs, including CPTPP, EVFTA, and RCEP—members of these FTAs account for more than 60% of global GDP.

With GDP expected to reach USD 510 billion in 2025, a 1.47-fold increase compared to 2020, Vietnam has risen from 37th to 32nd in the world in terms of economic scale. GDP per capita has reached approximately USD 5,000, joining the upper-middle-income group. Exports achieved a continuous surplus, with turnover estimated at over USD 470 billion in 2025, an increase of 16% compared to 2024. These results are an important foundation for Vietnam to continue reaping successes in socio-economic development, especially striving to achieve the target of double-digit growth.

Delegate Nguyen Thi Viet Nga – Hai Phong Delegation: High Target but “Not Out of Reach”

The year 2026 is relatively special, as it is the first year opening a new phase for the country with major events: The 14th National Party Congress taking place in January 2026, and the election of Deputies to the 16th National Assembly and People’s Councils at all levels in March 2026.

Although we begin a new phase amidst many domestic and international difficulties, there are also many advantages. For Vietnamese people, every beginning always “sows” belief, expectation, and determination for upcoming innovations. 2026 is also the year when a series of newly issued laws and resolutions of the National Assembly take effect, which will remove practical difficulties and obstacles and enact many good social security policies for the people.

With the determination of the entire political system and the efforts of all levels, sectors, and the people, I believe we will have a new tenure full of victories starting from 2026. With the key target of defining double-digit growth in the 2026–2030 period, this is a major challenge but also demonstrates strong political determination.

This target sets very high requirements for governance, institutional reform, and improving labor productivity. Looking at the overall picture—from the trend of supply chain shifting, the breakthrough of innovation and digital transformation, to the ability to utilize new-generation Free Trade Agreements (FTAs) and the implementation of important Politburo Resolutions—this goal is “not out of reach” if there are correct, targeted, and timely solutions.

To achieve this, it is necessary to continue perfecting institutions, liberating development resources, focusing on removing barriers regarding investment, land, construction procedures, and the business environment; innovating credit policies towards practically supporting production and business; and promoting digital transformation, green economy, and circular economy. Additionally, accelerating public investment disbursement, developing the domestic market to recover purchasing power, and continuing to stabilize the macro-economy, control inflation, and ensure major balances by closely and flexibly coordinating monetary and fiscal policies.