Vietnam Economy

Update news Vietnam Economy

Localities need innovative mindsets to drive double-digit growth

Now that various special mechanisms have been granted, local authorities must have innovative development mindsets, fully leverage their distinct advantages, and foster a favorable business environment to achieve double-digit economic growth.

Vietnam sees more businesses, but resilience remains weak

Vietnam continues to attract new businesses, but rising market exits and weak profitability highlight the challenges facing much of the private sector.

Vietnam shifts FDI strategy from quantity to quality

Resolution 10 marks a shift from attracting foreign capital at scale to building a high-quality FDI ecosystem, with stronger links to Vietnamese businesses and global value chains, experts say.

Vietnamese businesses are increasing in number but not yet ‘strong’

The number of businesses joining the market continues to rise, and newly established companies are launching with larger amount of registered capital.

Vietnam needs a new strategic space and institutional turn for its seas

Resolution 36 has opened the right door, but to step through that door, the country needs a fundamental shift in institutions and development mindset, according to Dr. Tran Dinh Thien.

Why Vietnam is rethinking its development model after 40 years

Vietnam believes the growth model that fueled four decades of success has reached its limits, prompting a broader transformation of its national development strategy.

Vietnam must look beyond banks for growth capital: experts

The demand of about 38.5 quadrillion VND of investment capital in the 2026-2030 period raises the need to open more new capital mobilization channels, reducing dependence on bank credit.

Impressive growth poses macroeconomic balancing challenge: experts

Overall, strong first-half performance has prompted several international institutions, including Standard Chartered, UOB and DBS, to raise their growth forecasts for Vietnam. Standard Chartered projects GDP growth of 9.5% in 2026 and 11% in 2027.

AI policy choices will shape Vietnam's growth track

To achieve a GDP per capita of around $8,500 by 2030, as set out in the 14th National Party Congress, the economy must sustain annual growth of more than 10 percent throughout 2026-2030.

Deeper reforms needed to achieve target of 2 million firms

Two million active enterprises by 2030 is an ambitious target for Vietnam.

Vietnam economy posts strong growth but faces 3 major year-end challenges

Vietnam's economy is in a relatively favorable position in the first half of 2026. Growth remains high, key growth drivers are operating in tandem, and several underlying indicators point to stronger-than-expected resilience.

Party resolution sets roadmap for renewing national development model

Under the new development model, Vietnam will be self-reliant, innovative, humane, sustainable and globally integrated, with people at the heart of development.

Vietnam seeks momentum for sustained double-digit growth

Looking beyond 2026, economists argue that Vietnam's focus should shift from achieving a single year of double-digit growth to creating conditions for sustained high growth over the 2026-2030 period and beyond.

Vietnam’s infrastructure dilemma: lending by decade, mobilizing by month

Vietnam is entering the largest infrastructure investment program in its history, with capital demand reaching nearly $1.5 trillion over the next five years.

To prosper from the sea, Vietnam must rethink its maritime space

Vietnam's maritime ambitions depend on integrated ocean governance, stronger scientific capacity, digital transformation and protecting marine ecosystems as the foundation of sustainable growth, says Dr. Vu Thanh Ca.

Strong maritime businesses are key to Vietnam's ocean ambitions

Vietnam's maritime economy can become a new engine of growth only if supported by modern governance and businesses capable of creating value across the global ocean economy.

Vietnam records 16.65 billion USD trade deficit in first half

Vietnam's merchandise trade balance posted an estimated trade deficit of 16.65 billion USD in the first six months, as compared to a trade surplus of 7.95 billion USD in the same period last year, according to the National Statistics Office (NSO).

Rethinking the sea as Vietnam's next development frontier

Resolution 36 opened a new chapter in Vietnam's maritime strategy, but turning vision into reality requires a fundamental shift in development thinking.

Beyond the sea economy: Vietnam's path to maritime power

Vietnam's maritime ambitions depend not only on its coastline or marine resources but on building modern institutions capable of governing the sea as a strategic national space.

PM’s conclusions set to clear bottlenecks, spur corporate growth

The Government Office has issued the Prime Minister's conclusions at a conference between permanent Cabinet members and the business community to clear bottlenecks and unlock resources for growth.