VN EYES ANNUAL GDP GROWTH AT LEAST 10 PER CENT IN 2026-30

Việt Nam aims to achieve average annual growth rate of at least 10 per cent in 2026-30 period, according to a new directive by Prime Minister Phạm Minh Chính on the socio-economic development plan for the next five-year period.

Việt Nam aims to achieve average annual growth rate of at least 10 per cent in 2026-30 period. — VNA/VNS Photo Tuấn Anh

HÀ NỘI — Việt Nam is aiming for an average annual growth rate of at least 10 per cent between 2026 and 2030, according to a new directive from Prime Minister Phạm Minh Chính on the socio-economic development plan for the next five-year period.

Directive No 31 requires that the targets set for 2026-30 must be clear, feasible and compliant with the 2021-30 national development strategy.

The plan focuses on restructuring the economy, accelerating industrialisation and modernisation, promoting science, technology innovation and digital transformation as key growth drivers, and maintaining macroeconomic stability while controlling inflation.

The directive identifies the private sector as a key pillar for growth and innovation, calling for support to promote the development of regionally and globally competitive private groups and small and medium sized enterprises.

Việt Nam also plans to invest in high-quality human resources development to meet international standards and the requirements of strategic industries, focusing on digital skills, foreign languages and STEM.

Infrastructure development remains a top priority, including the North-South expressway, key seaports and airports, urban railways in Hà Nội and HCM City, and two nuclear power plants in Ninh Thuận. — VNS

Source: VNS

Related News

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET

Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.

Oct 14, 2026

TECHNOLOGY

AI BEGINNING TO RESHAPE RECRUITMENT CRITERIA

Digital literacy is the only capability area in which fresh graduates meet employers’ expectations, according to a new report. Yet, it is also the standard rising fastest, as businesses increasingly expect new hires to use AI effectively in the workplace. Some 83 per cent of employers say AI has changed, or is beginning to change, their hiring criteria, while 94 per cent report higher expectations for digital and AI capabilities than they had two to three years ago.

Oct 14, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL

The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS

Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026

Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.

Oct 14, 2026

GARMENT / TEXTILE

TEXTILE EXPORTS FACE DUAL CHALLENGES OF SUSTAINING ORDERS AND BOOSTING EFFICIENCY AMID GROWING COMPETITION

Data shows that the textile and garment sector maintained its growth momentum in the first nine months of this year. The industry's total export turnover reached an estimated US$35.721 billion in the first nine months of this year, up 3.3 per cent year-on-year. Despite posting encouraging export figures, Vietnamese textile and garment enterprises continue to navigate unpredictable market variables.

Oct 14, 2026