Happy Vietnam (VNA)

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.

Vietnam seen as ASEAN’s resilient growth bright spot

According to the World Bank (WB), buoyed by impressive GDP growth of 8% in 2025, Vietnam entered 2026 as one of Southeast Asia's strongest-performing economies. In its latest economic update released in May, the WB highlighted Vietnam’s robust fundamentals and favourable growth outlook.

Vietnam seeks higher-quality foreign investment for sustainable growth

With ongoing reforms, improving infrastructure and a growing pool of skilled workers, Vietnam is seeking to position itself not only as a manufacturing destination, but also as an emerging regional technology and innovation hub.

Top leader orders decisive action to unlock idle resources for growth

Public resources must lead and activate private resources, while public investment should stimulate broader social investment. FDI, meanwhile, should move from quantity-based attraction toward quality-based absorption linked with technology transfer and stronger domestic linkages, said top leader To Lam.

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.

Energy sector seen as key pillar for Vietnam’s green, double-digit growth ambitions

Chairman of the Vietnam National Industry-Energy Group (Petrovietnam) Le Ngoc Son said Vietnam’s energy demand will continue rising sharply, creating enormous pressure on power generation investment. To sustain GDP growth of around 10%, electricity demand is expected to increase by 12-15% annually, requiring an additional 7,000-8,000 MW of new capacity each year.

Top Vietnamese leader’s vision puts scientists at core of growth drive

As the country enters a new era, the Party and State have designated sci-tech and and innovation as central priorities, Kiem said, adding that VNU-Hanoi, alongside other higher education establishments, must not only produce high-caliber talents but also function as a hub for knowledge transfer and groundbreaking innovation.

Resolution 68 promotes transparent mechanisms for private sector's growth

The resolution, issued by the Politburo on May 4, 2025, has been viewed by enterprises as an important driver for innovation, digital transformation and business expansion.

Vietnam looks to expand fiscal space to support double-digit growth

Experts emphasise that fiscal policy should move beyond a supportive role to actively lead growth. Continued and selectively expanded tax and fee reductions could directly ease cost pressures on businesses, enabling them to sustain operations and expand investment.

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.

Sustained reforms key to maintaining Vietnam’s growth momentum: WB

Despite mounting short-term external challenges, Vietnam’s medium-term economic outlook remains highly positive, with the country expected to continue as one of the region’s growth bright spots.

Reform drive expected to remove barriers, unlock growth momentum

Prime Minister Le Minh Hung recently ordered ministries and agencies to immediately cut at least 30% of administrative procedures, 50% of processing time, 50% of compliance costs and 30% of business conditions, while eliminating all unnecessary procedures.

Pathways to double-digit growth to be tabled at 16th NA’s first session

In the morning sitting on April 20, deputies are expected to hear proposals and verification reports on a range of draft resolutions. The documents cover breakthrough mechanisms and policies for the development of Vietnamese culture; the establishment of Dong Nai as a centrally run city; a pilot framework for public lawyer institution; and special mechanisms to address land law violations committed prior to the 2024 Land Law taking effect, alongside measures to resolve long-delayed and stalled projects.

Vietnam sees strong tourism growth in Q1, reinforcing appeal as safe, attractive destination

In Q1, international arrivals reached an estimated 6.76 million, up 12.4% year-on-year and marking the highest level on record. Domestic travel remained strong with approximately 37 million visitors. Total tourism revenue was estimated at 267 trillion VND (10.1 billion USD).

Deposit rate cuts aim to balance growth support and macroeconomic stability

Under the newly announced framework, the State Bank of Vietnam is targeting inflation at around 4.5% per annum, while maintaining a flexible and accommodative monetary stance, with readiness to provide liquidity support when necessary.

Vietnam advised to seek to sustain tourism growth, enhance competitiveness

Tourism promotion activities should be further strengthened in a more focused and effective manner, targeting key markets and popular destinations, said an insider.

Vietnam accelerates roadmap for green energy transition

According to a report from the Traffic Police Department under the Ministry of Public Security, thousands of modern specialised vehicles and technical devices have been deployed to support traffic law enforcement in Vietnam.

Vietnam has potential to reshape Southeast Asia’s economic rankings: Foreign media

Recently, foreign media have shared positive sentiment on Vietnam’s economic prospects, praising the country’s impressive growth as it moves toward becoming a top economy in Southeast Asia.

Vietnamese in Malaysia pin high hopes on nation’s new development phase

The 14th National Party Congress’s focus on human resources development, educational reform and international integration has opened up greater opportunities for young people, including Vietnamese students abroad, to contribute their knowledge and experience to the country’s development.