Vietnam targets GDP growth of at least 10% in 2027

The targets are outlined in a report assessing the country’s socioeconomic development and state budget performance in 2026 and proposing its socioeconomic development plan and state budget estimates for 2027.

Vietnam has set 45 key socioeconomic targets for next year, including consumer price index (CPI) growth of around 4.5 percent, export growth of 15 percent and import growth of 12 percent.

The country also aims to welcome 28-29 million international visitors.

The government plans to effectively coordinate fiscal and monetary policies, ensure adequate supplies of electricity and fuel at reasonable prices, and prevent shortages of electricity, fuel and medicines under all circumstances. It will also step up efforts to stimulate domestic demand.

To achieve these targets, Vietnam will accelerate economic restructuring, renew its growth model, strengthen domestic economic capacity and improve resilience.

Infrastructure development will remain a priority, with efforts to complete the expressway network, advance the Lao Cai-Hanoi-Hai Phong railway and the North-South high-speed railway, and speed up construction of Long Thanh International Airport and Gia Binh International Airport.

The government will also take firm action against wasteful investment, particularly in airports, seaports, data centers and free trade zones, to prevent the inefficient use of resources.

Other priorities include improving the quality of education and training, developing a highly skilled workforce and successfully hosting APEC Year 2027.

Vietnam also aims to address persistent shortages of schools, classrooms and teachers, ensure sufficient supplies of textbooks before the 2027-28 school year, and gradually make English a second language in schools.

Vietnam’s economic performance in 2026

Vietnam recorded strong economic growth in January-September 2026, while maintaining macroeconomic stability, controlling inflation and broadly ensuring major economic balances, according to the report.

GDP grew 9.01 percent in the nine-month period, placing Vietnam among the world's fastest-growing economies.

Major sectors and industries also posted positive growth, while international organizations gave favorable assessments of the country’s economic performance and growth prospects.

State budget revenue in the January-September period was estimated at VND2.19 quadrillion (US$84.6 billion), equivalent to 86.5 percent of the annual target and up 12.1 percent year on year.

Full-year state budget revenue is projected to exceed VND3 quadrillion ($115.9 billion), surpassing the target by 20.8 percent and increasing 14 percent from 2025.

Administrative procedure reforms have achieved the largest reductions on record, while the two-tier local government system has operated in a broadly stable and smooth manner.

Strategic infrastructure development has also made significant progress, expanding the country’s development capacity.

Vietnam completed an additional 395 kilometers of expressways, opened the entire eastern North-South Expressway route to traffic, and simultaneously broke ground on five urban railway lines in Hanoi.

Cultural and social development, along with social welfare, continued to receive attention, helping improve people’s living standards. The statutory base salary was raised by 8 percent from July 1, 2026, while social housing and rental housing development gained momentum.

Challenges remain

Despite these gains, Vietnam continues to face considerable challenges, particularly in macroeconomic management and inflation control.

Inflation reached 4.52 percent in January-September, adding pressure to economic management.

Businesses, especially small and medium-sized ones, continue to face difficulties accessing capital. Construction material supplies remain limited, while prices have fluctuated sharply.

In addition, 24 of Vietnam’s 34 cities and provinces recorded growth in the nine-month period below their respective full-year targets, underscoring the challenge of achieving the country’s ambitious economic goals for 2027.