Vietnam PM Reaffirms Commitment to Double-Digit Economic Growth Through 2030
Hanoi, The Gulf Observer: Vietnamese Prime Minister Lê Minh Hưng has reaffirmed the Government’s commitment to achieving double-digit economic growth from 2026 through 2030 while maintaining macroeconomic stability, controlling inflation, and safeguarding key economic balances.
Addressing the Government’s regular monthly meeting for June and a nationwide teleconference with local authorities, the Prime Minister said the Government has updated its economic growth scenario and policy roadmap to support the ambitious target. He stressed that the successful implementation of key strategic tasks would not only determine Vietnam’s economic performance in 2026 but also lay the foundation for comprehensive economic restructuring and a new development model in the years ahead.
Prime Minister Hưng emphasized the need to mobilize all available resources, unlock new growth drivers, and accelerate science and technology, innovation, and digital transformation to sustain high-quality growth. He also called for stronger coordination between the central government and local authorities to remove bottlenecks, improve governance, and enhance the business environment.
The Prime Minister noted that Vietnam’s economy recorded encouraging results during the first half of 2026, with each quarter outperforming the previous one. According to the Ministry of Finance, the country’s gross domestic product (GDP) expanded by an estimated 8.18 percent in the first six months of the year—the highest first-half growth rate since 2011. Industry, construction, and services remained the main contributors to growth, while foreign direct investment, exports, tourism, and domestic consumption continued to show strong momentum.
The Government also highlighted improvements in public investment disbursement, stable inflation, robust state budget revenues, and continued macroeconomic stability despite global economic uncertainties. Local governments pledged to accelerate infrastructure development, promote private sector investment, and implement reforms to help achieve the national growth target.
Prime Minister Hưng reiterated that maintaining double-digit growth through 2030 is central to Vietnam’s long-term development strategy and called on ministries, localities, businesses, and the entire political system to work together to achieve the country’s economic objectives.
