Financial Flash│By Lee, Chen-Lin（Daniel Lee）李振麟
Vietnamese Prime Minister Pham Minh Chinh announced at the opening of the new National Assembly session on Monday that the government has set an ambitious target of at least 10% real GDP growth in 2026. He emphasized that despite external headwinds, Vietnam’s economy continues to demonstrate strong resilience.
For this year, economic growth is expected to reach around 8%, in line with the government’s goal of keeping annual growth “above 8%.” Inflation is projected to stay below 4%, outperforming the official target range of 4.5% to 5%.
According to the prime minister, Vietnam’s GDP expanded by approximately 7.85% in the first nine months of this year. The country is also aiming to boost total trade to USD 900 billion by 2025.
Although exports to the United States have faced pressure due to a 20% tariff, weighing on sectors such as footwear and textiles, Chinh stated that Vietnam will continue to diversify export markets to reduce risk, and plans to accelerate free trade agreement (FTA) negotiations next year with countries across the Middle East, Latin America, and Africa.
In terms of industrial development and investment planning, the government intends to launch the North–South high-speed railway project in 2025 and move forward with the commercial deployment of satellite internet services. These initiatives aim to strengthen Vietnam’s digital and transportation infrastructure and support long-term economic momentum.
However, Chinh acknowledged that Vietnam’s economy still relies heavily on low-cost labor and natural resources. He stressed the need to improve productivity through technological innovation and digital transformation to achieve sustainable growth.
Chinh also outlined several challenges Vietnam currently faces, including rising pressure on macroeconomic stability, volatility in the gold and real estate markets, pollution, natural disasters, and the growing threat of cybercrime.
He noted that the government will strengthen coordination across fiscal, monetary, and industrial policies to maintain a balance between stabilizing prices, promoting growth, protecting jobs, and safeguarding the exchange rate. These efforts, he said, are essential to laying the groundwork for double-digit economic expansion in 2026.
越南總理范明政宣布，越南將把2026年GDP增長目標提高至至少10%，並推動科技創新與數位轉型，強化交通與數位基礎建設。越南力拚2025年貿易額達9000億美元，並加速布局全球自由貿易協定。