At the 10th session of the 15th National Assembly earlier today, Prime Minister Pham Minh Chinh outlined 2026 goals for the government of at least 10 percent GDP growth, GDP per capita of US$5,400–5,500, and CPI around 4.5 percent, Tuoi Tre has reported → view source.
He said these targets would be supported by industrialisation, digital transformation, and major infrastructure projects such as the North–South high-speed railway.
He also said that the government plans to train 100,000 engineers in semiconductor and AI fields, build 110,000 social housing units, and strengthen anti-corruption efforts which he said have so far recovered VND 425 trillion (US$16.3 billion).
Chinh acknowledged ongoing challenges in real estate, bond, and gold markets but framed the next phase as one of reform, innovation, and institutional strengthening to position Vietnam firmly within the upper-middle-income group.
Additional context
Vietnam’s economy expanded strongly in the third quarter of 2025, with gross domestic product (GDP) rising by 8.23 percent year-on-year, according to preliminary estimates from the National Statistics Office.
This marked the second-highest quarterly growth rate over the last decade, behind a 14.38 percent increase recorded in the same period of 2022.
It has, however, largely been funded by growth in private credit which is out pacing GDP growth at a heady clip.
Learn more about Vietnam’s credit growth policy→
It’s also worth noting that the World Bank has projected Vietnam’s GDP growth to reach just 6.6 percent in 2025, warning that short-term gains from export frontloading mask structural weaknesses in consumption, finance, fiscal reliance, and tech talent.
It’s expecting GDP growth of 6.1 percent in 2026 before rebounding to 6.5 percent in 2027.