Vietnam moves closer to 10 per cent growth target
Economic growth is showing positive momentum with GDP estimated to have expanded by 9 95 per cent in the third quarter strong Nguyen Thi Mai Hanh strong director of the System of National Accounts Department National Statistics Office elaborates on Vietnam s growth drivers challenges and prospects for 2026
Vietnam is striving to achieve a 10 percent economic growth target for 2026, and the first nine months show positive progress. In the third quarter, GDP grew by 9.95 percent, up from 8.13 percent in the same period last year. For the first nine months, GDP expanded by 9.01 percent, a 1.21 percentage point increase from 2025. In the final quarter, GDP would need to grow by approximately 12.5 percent to meet the full-year target, which is a challenging goal.
However, the key growth measures outlined in Resolution No.168/NQ-CP have provided a foundation for further efforts in Q4. The government's focus on industrial production, investment, trade, and tourism has seen positive developments, with industrial production playing a leading role. Investment resources and market demand are translating into production and business activities, supporting economic growth.
However, there are still areas requiring further impetus, such as the pace of public investment implementation, businesses' capacity to recover, and domestic purchasing power. The fourth quarter is crucial for achieving the 10 percent growth target, with GDP needing to grow by approximately 12.5 percent. Challenges include maintaining macroeconomic stability, accelerating public investment disbursement, and addressing external volatility that affects industrial production and exports.
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