Vietnam is confident it can achieve 10% economic growth next year, supported by robust macroeconomic stability and effective policies that foster both short-term growth and long-term development.
Deputy Foreign Minister Dang Hoang Giang noted that this optimistic outlook is further reinforced by the forecast 8% growth for this year, which provides a strong base for meeting the country’s future targets.
“This is indeed an ambitious target amid a global environment of sluggish growth and multiple headwinds.
“Yet we see this as an opportunity for Vietnam to boldly renew its mindset, approaches, and growth model, with science, technology, innovation, and digital transformation as the key drivers of development,” he said during an interview with Bernama at the 47th Asean Summit.
Vietnam’s Prime Minister Pham Minh Chinh recently reiterated the nation’s goal of attaining at least 10% GDP growth in 2026, New Straits Times reports.
In addition, next year will also mark the 40th anniversary of Doi Moi, the landmark economic reform that shifted Vietnam from a low-income country to one of Asia’s fastest-growing and most dynamic markets.
Vietnam has progressed from a less developed nation to the world’s 32nd-largest economy and the fourth-largest in ASEAN, with an estimated GDP of roughly US$510 billion in 2025 and a per capita income of about US$5,000, officially placing it in the upper-middle-income bracket.
Deputy Foreign Minister Giang stated that to reach this target and achieve the long-term vision of becoming a developed country by 2045, the government is rolling out a series of strategic initiatives.
These measures focus on fostering advances in science, technology, innovation, and digital transformation; strengthening the private sector as a key driver of the national economy; reforming and streamlining policies and administrative systems; enhancing education; and promoting international integration to open new avenues for the country’s development.
“We are also actively preparing for the 14th National Party Congress (in January 2026), which will adopt major policy decisions across key sectors of the economy.
“These comprehensive and far-reaching reforms will provide the foundation for Vietnam to continue its success story and embark on the next strategic phase of development,” he added.