Politburo Resolution 10 on foreign-invested economic development has set an ambitious target: attracting between $200 billion and $300 billion in registered foreign direct investment (FDI) during the 2026-2030 period.

Vietnam’s merchandise foreign trade posted impressive growth in the first five months of 2026, with total turnover rising by nearly 90 billion USD year-on-year.

Prime Minister Le Minh Hung has set an ambitious goal for Vietnam to achieve annual economic growth of at least 10% during the 2026-2030 period as the country works toward becoming a high-income developed nation by 2045.

Party General Secretary and State President To Lam has signed Politburo Resolution No. 10 on the development of the foreign-invested sector of the economy.

The State Bank of Vietnam (SBV) has repeatedly asked commercial banks to lower deposit and lending interest rates as one of the solutions to achieve double-digit growth.

Despite signs of moderating growth, Vietnam’s economy continues to demonstrate considerable resilience in the face of rising cost pressures and an increasingly uncertain external environment, according to the United Overseas Bank (UOB).

In 2025 alone, the National Assembly passed 89 laws. Combined with 2024, the total number of newly enacted or amended laws reached 120, exceeding the total for the previous eight years combined.

Vietnam passed a record number of laws in 2025, but the bigger story may be whether businesses and institutions can adapt quickly enough to the accelerating pace of reform.

Industrial production continued to be a major growth driver. The Index of Industrial Production (IIP) in May increased 8.8% year-on-year, while the five-month figure rose 9.1%, the highest growth rate in four years.

A small urban pho shop can easily hit annual revenue of VND 2 to 3 billion, yet the owner has hesitated to transition to a corporate model.

Strong domestic tax collections helped state budget revenue rise 15.4% year-on-year during the January-May period, according to the Ministry of Finance.

Vietnam’s total import-export turnover reached 445.12 billion USD in the first five months of 2026, up 25% year-on-year, according to data released by the National Statistics Office (NSO) under the Ministry of Finance on June 3.

Vietnam’s economy continues to draw international attention after expanding 8.02% in 2025, the fastest growth rate in Southeast Asia despite global economic headwinds and geopolitical uncertainties.

Vietnam’s push to maintain low interest rates is helping support growth, but much of the country’s cheap money continues flowing into real estate instead of production.

In a new era of transformation, Vietnam must move quickly with science and technology - but it can only go far with cultural depth and human wisdom.

While FDI corporations continue expanding production and exports, many Vietnamese companies say they are surviving on razor-thin margins and constant uncertainty.

PM Le Minh Hung recently ordered ministries and agencies to immediately cut at least 30% of administrative procedures, 50% of processing time, 50% of compliance costs and 30% of business conditions, while eliminating all unnecessary procedures.

The Hanoi – Quang Ninh high-speed railway, valued at $5.6 billion, broke ground on April 12, sending a clear signal - the 2026–2030 term is opening with large-scale construction sites to realize the goal of double-digit growth.

An official from the Asian Development Bank (ADB) has expressed confidence in Vietnam’s medium-term economic outlook, describing the country as one of Southeast Asia’s most resilient economies despite mounting global uncertainties.

As Vietnam marks 51 years since reunification, the conversation around reconciliation, development, and national vision is being placed within a broader context - one in which countries are confronting profound shifts of the modern era.