Vietnam Government Targets Economic Growth Above 10% in 2026
Prime Minister Lê Minh Hưng told the National Assembly on November 12 that the government aims for growth above 10% in 2026 and inflation of around 4.5%. The consumer price index rose by an average of 4.57% in the first 10 months. The government also plans to improve investment efficiency and expand financing to support its 2027 growth target.
On the afternoon of November 12, Vietnamese Prime Minister Lê Minh Hưng told the National Assembly during a question-and-answer session that the government aims for economic growth above 10% in 2026 and inflation of around 4.5%, laying the groundwork for the 2027 development plan and the 2026–2030 period. A plan approved by the National Assembly on November 7 sets a 2027 economic growth target of 10% and an inflation target of around 4.5%.
Vietnamese Prime Minister Lê Minh Hưng answers questions from National Assembly deputies.（VietVance）
Lê Minh Hưng said maintaining macroeconomic stability and controlling inflation are ongoing government priorities. Vietnam’s consumer price index rose by an average of 4.57% in the first 10 months. According to the State Bank of Vietnam, the average interbank exchange rate over that period rose 0.63% compared with the 2025 average, while lending rates for production, business and priority sectors fell by 1.5% to 2%. The government has also introduced tax cuts and tax deferrals and plans to keep medical service prices unchanged in 2026.
On investment and trade, registered foreign direct investment in Vietnam reached US$54.85 billion in the first 10 months, up 74% year on year; disbursed foreign direct investment reached US$24.08 billion, up 13.1%. Total imports and exports exceeded US$1 trillion for the first time over the same period, and the trade surplus in October was US$7.31 billion. Public investment disbursements approached VND708.6 trillion, exceeding 74% of the annual plan.
To meet the 2027 growth target, the government estimates that total investment across society must reach about 36% to 38% of gross domestic product, equivalent to VND6 quadrillion to VND6.4 quadrillion, including approximately VND1.76 quadrillion in development investment from the state budget. The government plans to raise funds by increasing fiscal revenue, issuing bonds, and attracting private investment and foreign direct investment, while improving the efficiency of capital use and promoting industry, agriculture, commerce and services.
Source: VietVance
