Vietnam Targets 10% Annual GDP Growth Target 2026-2030 in Bold New Plan
Vietnam's Communist Party chief To Lam announced a minimum 10% annual GDP growth target for 2026-2030. Learn how the 40th anniversary of Doi Moi is shaping Vietnam's future.
Hanoi isn't just dreaming of growth; it's demanding double digits. Vietnam's leadership just set a high bar for the next five years, aiming for an annual gross domestic product (GDP) growth of at least 10%. According to Reuters, Communist Party chief To Lam unveiled this ambitious roadmap on January 20, 2026, during the 14th National Party Congress.
Analyzing the Vietnam GDP Growth Target 2026-2030
The announcement comes as Vietnam celebrates the 40th anniversary of the Doi Moi reforms, which transformed the nation from a subsidized economy into one of the world's fastest-growing manufacturing hubs. To Lam emphasized that the next phase will focus on high-tech industries and digital transformation to maintain this momentum.
Market analysts suggest that while a 10% target is aggressive given the current global economic cooling, Vietnam's strategic importance in the 'China Plus One' strategy could provide the necessary fuel. The government is expected to launch new projects worth billions to support this growth trajectory.
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