At the opening of the 16th National Assembly's second session on 17 October 2026, Prime Minister Le Minh Hung presented the report on 2026 socio-economic performance and the proposed plan for 2027. The key message: 14 of 15 main targets for 2026 are expected to be met or exceeded, and 2027 is framed as a year of acceleration and breakthrough to deliver the Resolution of the 14th Party Congress.
Highlights of 2026
- Growth: GDP grew 9.01% in nine months, the fastest in 15 years; industry and construction grew 11.21%, the highest since 2015.
- Budget: revenue is estimated at about VND3.06 quadrillion, up 14%; public debt is about 33–34% of GDP, well below the safety ceiling.
- Trade and investment: full-year trade is projected at about US$1.11 trillion; registered FDI reached US$50.36 billion in nine months; total social investment rose 15.1%.
- Innovation: Vietnam ranked 43rd of 139 economies in the Global Innovation Index 2026.
Key targets for 2027
- GDP growth of 10% or more.
- Average CPI of about 4.5%.
- GDP per capita of about US$6,100 (the 2026 target was US$5,400–5,500).
- Average social labour productivity growth of 8.6%.
- Multidimensional poverty reduced by 1–1.5 percentage points.
Priority tasks
- Institutions: improve laws, cut administrative procedures and run the two-tier local government model effectively.
- Growth model: expand the private sector and attract selective FDI with technology transfer.
- Strategic infrastructure: complete the national expressway network and speed up major railways and the Long Thanh and Gia Binh airports.
- Science, technology and digital transformation: operate the National Data Centre, expand 5G and pilot 6G.
- Green agriculture: implement the one-million-hectare high-quality, low-emission rice project in the Mekong Delta.
- Foreign affairs: prepare to host APEC 2027.
Impact on the economy and markets
A double-digit growth target for a second year running shows strong policy resolve, alongside a commitment to macro stability. For businesses, these priorities shape where investment flows next year: infrastructure, materials, energy, logistics, digital technology and high-tech agriculture. For investors, GDP per capita approaching US$6,100 means a growing middle class, supporting retail, consumer finance, tourism and property over the long term. APEC 2027 is also a chance to showcase Vietnam and attract investment.
Challenges to overcome
National Assembly deputies stressed the need for stronger reform, more effective public investment and greater spending on science and technology. Assessing the lagged effects of 2026's economic swings to build flexible scenarios for 2027 is another key requirement.
vietnamii.com view: the 2027 plan builds on 2026's strong momentum and rightly focuses on productivity, infrastructure and technology. If public investment and institutional reform are pursued decisively, the goal of 10% or more is well grounded.