Happy Vietnam - Vietnam News Agency

Keyword: # economic growth

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WB sees strong potential for Vietnam's double-digit growth goal

Vietnam is among those few emerging market economies where an immense array of reforms is currently unfolding, generating considerable excitement and optimism. The reforms that the Government has been pushing over the last two years are the most significant since the Doi Moi (Renewal) era – a comprehensive, fast-paced reorganisation and restructuring of the state that could be potentially transformative if implemented well.

Administrative procedures cut, simplified to be published online

The dispatch states that in implementing Conclusion No. 18-KL/TW dated April 2, 2026 of the 14th Party Central Committee on the 2026–2030 socio-economic development plan, national finance, public debt management and medium-term public investment, linked to the goal of achieving double-digit economic growth, the Government on April 29 issued 11 resolutions on cutting, decentralising and simplifying administrative procedures, business conditions, and conditional business lines. The Prime Minister subsequently directed ministries, agencies and localities to implement these resolutions.

Strong economic conglomerates drive domestic economic growth

In manufacturing, THACO has built one of Southeast Asia’s largest automobile and mechanical engineering ecosystems in Quang Nam province, while VinFast has become Vietnam’s first electric vehicle producer, establishing a major factory in Hai Phong, listing on Nasdaq and expanding into North America, Europe and Southeast Asia.

Fight against counterfeit goods fostered amid rising digital-era fraud

Dr. Bui Van Quyen, Director of the Anti-Commercial Fraud and Counterfeiting Institute, warned that counterfeit goods have become a global challenge, exacerbated by the rise of online platforms and digital technologies. While these innovations drive economic growth, they also create fertile ground for fraudulent activities.

Vietnam gears up for full-force growth push in 2026

A growth path for 2026 has been outlined in line with the National Assembly’s resolution setting a target of more than 10% expansion. Under this scenario, gross domestic product (GDP) would need to rise 9.1% in the first quarter and 10.2% in the second.