The government has issued Resolution No. 168/NQ-CP, dated June 27, updating its economic growth scenario and outlining key policy measures for the remaining quarters of 2026. The resolution aims to deliver annual GDP growth of 10 per cent or higher while maintaining macroeconomic stability.
The government said the global and regional outlook remains challenging, with conflict in the Middle East continuing to weigh on Vietnam's economy during the first half of the year. Despite these headwinds, it said the domestic economy had delivered encouraging results, with several key indicators recording their strongest growth in many years, while macroeconomic stability, inflation control and major economic balances remained broadly secure.
An aerial view of Hanoi (Photo: Nguyen Hai).
Based on reports submitted by ministries, government agencies and local authorities, Vietnam's economy is currently projected to grow by 8.7 per cent in 2026. To raise annual growth to at least 10 per cent, the government has set a target of 11.9 per cent GDP growth during the second half of the year.
Several sectors have been assigned particularly ambitious growth targets, including electricity production at 16.9 per cent, construction at 17.6 per cent, and accommodation and food services at 17.3 per cent.
Among Vietnam's two largest economic centres, Ho Chi Minh City has been tasked with achieving 10.2 per cent GRDP growth in the second half of the year, while Hanoi has been assigned a target of 11 per cent, representing increases of 1.73 and 3.13 percentage points respectively compared with estimated growth during the first six months.
Other provinces and cities have also been given strong growth targets, including Haiphong and Quang Ninh at 13 per cent, Bac Ninh at 12.5 per cent, Hung Yen at 11.5 per cent, and Danang at 11.22 per cent.
The government has instructed ministries, sectors and local authorities to implement resolutions and directives issued by the Party, the National Assembly, the government and the Prime Minister with greater determination, while adopting new approaches to ensure the economy achieves the growth targets set out in the updated scenario.
