Vietnam Launches 10% Growth Drive for 2026-2030 as PM Pushes Reform Agenda
Updated
Updated · baodongnai.com.vn · Jun 15
Vietnam Launches 10% Growth Drive for 2026-2030 as PM Pushes Reform Agenda
3 articles · Updated · baodongnai.com.vn · Jun 15
Summary
Prime Minister Le Minh Hung on June 13 formally launched a nationwide campaign to deliver sustainable annual economic growth of 10% or more from 2026 to 2030.
That target is tied to Vietnam’s goal of becoming an upper-middle-income country by 2030 and a high-income country by 2045, with Hung urging the country to abandon old approaches and act decisively.
Core tasks include institutional reform, better public services, removal of local bottlenecks, and stricter accountability to end buck-passing and improve results for people and businesses.
Hung also called for faster science and technology adoption, digital and green transformation, development of innovation centers and high-tech zones, and quicker rollout of transport, digital-platform and energy projects.
Ministries, localities and businesses were told to turn the campaign into measurable action, with effective models to be replicated after officials and companies publicly backed the movement at the launch.
While international forecasts remain cautious, what specific reforms give Vietnam's leaders confidence in achieving a double-digit economic miracle?
Facing record inflation, can Vietnam's 10% growth target avoid the economic instability that has plagued similar credit-fueled booms?
As Vietnam pursues rapid industrialization, can its 'green transformation' promises outweigh the immense environmental costs of its development goals?
Vietnam’s 2026-2030 Economic Leap: Pursuing 10%+ Annual GDP Growth Amid Global Uncertainty
Overview
Vietnam has launched the ambitious 2026-2030 Growth Drive, aiming for sustained double-digit annual GDP growth to become a high-income, developed nation by 2045. The campaign builds on strong momentum, with the economy achieving 7.83% growth in the first quarter of 2026, making Vietnam a regional leader despite global challenges like conflicts and supply chain pressures. This bold strategy is supported by major infrastructure investments, digital transformation, and comprehensive reforms to improve the business environment. Vietnam’s leadership is focused on efficient governance and resource management, while also navigating demographic shifts and global economic uncertainties to realize its transformative vision.