Vietnam’s Prime Minister announced on Monday that the government will set a GDP growth target of at least 10% for 2026, citing the resilience of Vietnam’s economy amid external shocks.
He noted that economic growth for 2025 is projected at 8%, with inflation expected to remain below 4%, lower than the official target of 4.5-5%. He told the National Assembly: “Vietnam’s economy has proven strong enough to withstand external shocks and is one of the world’s fastest-growing economies.”
In the first nine months of this year, Vietnam’s GDP grew by 7.85%, while the World Bank and International Monetary Fund projected Vietnam’s GDP growth at 6.6% and 6.5% respectively for this year.
Despite 20% tariffs on Vietnamese exports by the United States, Vietnam’s merchandise trade is expected to reach $900 billion by 2025.
Vietnam acknowledges that economic growth still relies on cheap labor and resources rather than technology, innovation, and digital transformation.
He reiterated plans to establish new free trade agreements with countries in the Middle East, Latin America, and Africa to diversify export markets.
