Vietnam targets at least 10% GDP growth in 2027, PM tells lawmakers
Vietnam targets GDP growth of at least 10% in 2027, with GDP per capita of $6,100 and CPI growth around 4.5%, Prime Minister Le Minh Hung told lawmakers. The government also reported 9.01% GDP growth in the first nine months of 2026, among the fastest in Southeast Asia.
Vietnam is targeting GDP growth of at least 10% in 2027, which the government expects to be a year of acceleration and breakthroughs, Prime Minister Le Minh Hung told lawmakers at a meeting on Saturday. The target includes GDP per capita of $6,100, consumer price index growth of around 4.5% and average labour productivity growth of 8.6%.
To diversify funding sources, the government plans to issue various types of bonds, secure official development assistance loans, mobilise credit and private resources, increase investment by state-owned enterprises and encourage foreign-invested companies to reinvest their profits in Vietnam. Hung pledged to continue managing interest rates and exchange rates appropriately and said decisive measures would be introduced to lower lending rates and direct credit toward production, exports, science and technology, and small and medium-sized enterprises.
Reporting on 2026 results, Hung said 14 of the 15 socioeconomic indicators were expected to meet or exceed their targets. GDP grew 9.95% in the third quarter and 9.01% in the first nine months, placing Vietnam among the fastest-growing economies in Southeast Asia and the world. Full-year budget revenue is estimated at VND3.06 quadrillion (US$118.2 billion), up 14%.
Industry and construction grew 11.21% in the first nine months, the highest rate since 2015. Foreign trade rose 30.4% and is estimated to reach $1.11 trillion for the full year, potentially surpassing the $1 trillion mark for the first time. Registered foreign direct investment reached $50.36 billion, up 76.4% and the highest level since 2021.
However, the National Assembly’s Economic and Financial Committee highlighted six issues requiring attention. The four largest local economies — Ho Chi Minh City, Hanoi, Hai Phong and Dong Nai — which account for nearly 47% of gross regional domestic product, were all expected to miss their 2026 growth targets. Private investment accounted for 53% of total investment across the economy but grew only 14%, the lowest rate among the three sectors.
Exports rose 24.5% while imports increased 36.7%, resulting in a trade deficit of $19.42 billion. The committee noted that businesses and household businesses continued to face difficulties accessing capital, a slow recovery in purchasing power, and the need to adapt to digital transformation and tax policies. It urged the government to account for the delayed effects of shocks in 2026, particularly the possibility of persistently high energy prices and inflationary pressures as tax and fee support measures are adjusted.
The National Assembly will continue discussing socioeconomic conditions in 2026 and the proposed plan for 2027 in group sessions on Sunday and at a plenary session on Oct. 31. A vote on the 2027 socioeconomic development plan is expected on Nov. 7.
