Happy Vietnam - Vietnam News Agency

Keyword: # growth

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Top leader unveils people-centred vision for new development model

Vietnam's growth model, long fueled by low-cost labour, resource extraction, contract manufacturing, expanded investment, and capital accumulation, has run out of road. The country now needs a sweeping reform agenda to shift from extensive growth to a model driven by productivity, knowledge, science and technology, innovation, and digital transformation.

Emulation, commendation movements must be tied to concrete targets, tasks: PM

The council reviewed its performance and the implementation of emulation and commendation work during the first half of the year, agreed on key tasks for the remainder of 2026, and considered nominations for the conferment and posthumous conferment of the “Hero of the People's Armed Forces” and “Hero of Labour” titles on collectives and individuals with outstanding achievements.

Manufacturing remains key driver of Vietnam’s economic growth in H1: NSO

The strongest first-half industrial growth since 2019 not only underscores the sector's solid recovery but also provides a firm foundation for Vietnam to sustain robust economic growth throughout 2026. With manufacturing continuing to lead, supported by improving demand, employment and production capacity, industry is expected to remain a key pillar of economic expansion.

Tourism emerges as key driver of economic growth

Vietnam’s tourism performance has been widely regarded as a bright spot at a time when the global tourism industry continues to face significant challenges, including geopolitical tensions, armed conflicts in several regions, slowing global economic growth, rising oil prices and higher travel costs.

Vietnam’s domestic carbon exchange launched

The carbon exchange creates a mechanism that enables businesses to optimise emission-reduction costs through trading emission quotas and carbon credits, encourages technological innovation, and supports sustainable development while maintaining the principle of not sacrificing the environment for economic growth.

PM launches nationwide campaign for sustainable double-digit growth

Prime Minister Le Minh Hung called on ministries, sectors and localities to promptly translate the emulation movement into practical action plans and programmes, ensuring that emulation becomes not merely a campaign but a driving force for action, an ecosystem for discovering good models, replicating successful models and best practices.

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.

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.