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Update news vietnam economy
Industrial production maintained robust growth between January and June, with its index (IIP) estimated to have risen 10.8% year-on-year, the strongest first-half increase since 2019.
VN maintained its position as the fastest-growing economy in ASEAN in the first half of 2026, with international experts forecasting that VN will outperform earlier expectations, supported by strong FDI, manufacturing and international trade.
The 2026 economic census shows that Vietnam's economy has continued to expand, with the number of economic establishments increasing compared with the previous census.
Vietnam has officially entered the group of upper-middle-income economies. This milestone crowns nearly 40 years of Doi Moi (Renovation), opening a new chapter toward the goal of becoming a high-income nation by 2045.
Resolution 10 marks a new phase in Vietnam's FDI strategy, emphasizing technology transfer, local supply chains and stronger links between foreign investors and domestic firms.
Vietnam is focusing on promoting the collective economy and the One Commune One Product (OCOP) programme during 2026–2030.
Vietnam is projected to remain the fastest-growing economy in Southeast Asia, with the ADB maintaining its growth forecasts of 7.2% for 2026 and 7.0% for 2027 in its Asian Development Outlook (ADO) July 2026 released on July 8.
Instead of concentrating mainly on attracting foreign capital, Resolution No. 10-NQ/TW emphasises building a foreign-invested sector that is closely integrated with the domestic sector to create new growth drivers for the country.
Singapore-based United Overseas Bank (UOB) has sharply raised its forecast for Vietnam's 2026 GDP growth to 8.5%, more than reversing the previous downgrade to 7%.
Vietnamese businesses are calling for faster reforms, warning that labor shortages and policy implementation bottlenecks must be resolved if the country is to achieve sustained double-digit economic growth.
Da Nang is removing long-standing investment bottlenecks while building new growth engines as it pursues annual economic growth of at least 11% through 2030.
Vietnam’s exports ballooned more than 20% in the first half, driving total trade toward the 550 billion USD threshold. Yet, the trade balance swung to a deficit exceeding 16.65 billion USD after a multi-year run of surpluses.
As Vietnam accelerates infrastructure investment, the challenge is no longer what to build, but where each project fits within the country's broader development strategy.
According to the WB, this performance was driven primarily by a robust recovery in exports, which expanded by more than 15% during 2024–2025, and by the country’s ability to sustain strong GDP growth of 7% and 8% in two consecutive years.
Vietnam is entering a new phase in attracting foreign direct investment (FDI) with a double challenge - securing larger capital inflows while ensuring that new projects deliver higher technological value.
Vietnam's retail and consumer service sector maintained strong momentum in the first half of 2026, with total retail sales of goods and consumer service revenue rising 12.9% year-on-year.
Vietnam’s total import-export turnover in June reached 104.22 billion USD, up 5.2% month-on-month and 36.3% year-on-year, according to a socio-economic report for the second quarter and first half of 2026 released by the National Statistics Office.
The PM reaffirmed the Government's determination to achieve double-digit economic growth in 2026 and the 2026–2030 period while maintaining macroeconomic stability, keeping inflation under control and safeguarding the economy's major balances.
A new World Bank classification marks a major milestone for Vietnam. The country's next economic goal is escaping the middle-income trap and joining the world's high-income economies.
Vietnam has officially joined the World Bank's upper-middle-income group, marking a major milestone after nearly four decades of economic reforms and opening a new chapter in its journey toward becoming a high-income economy by 2045.