#economic growth

Quang Ninh has made progress on its 2026 priorities, which focus on economic growth, improving urban infrastructure and meeting the requirements for becoming a centrally governed city. 

At the Quang Ninh Provincial People's Council session, Chairman of the Quang Ninh Provincial People's Committee, Bui Van Khang, presented a report on the province's socio-economic performance in the first half of 2026 and outlined key tasks and solutions for the second half of the year.

PM Phạm Minh Chính called on private enterprises to pioneer in achieving Việt Nam’s two centennial development goals by aligning corporate strategies with national goals, joining patriotic movements through innovative, tech-driven products; and promoting equality, fairness, social progress and welfare to ensure no one is left behind.

Prime Minister Phạm Minh Chính affirmed that the State must play a facilitative role, while businesses must lead in innovation and execution, with private sector development under the Party’s leadership.

Many other localities across the country are "laying the groundwork" in hopes of being granted permission to establish FTZs.

Due to the recovery of production and export activities, businesses have stepped up the import of raw materials to serve the production of export orders.

Key measures also involve expediting critical power generation and transmission projects, optimising resource mobilisation, encouraging electricity savings and reducing peak-time consumption.

In an official dispatch signed on April 10, the Prime Minister stressed that tourism must take a leading role in driving post-pandemic recovery and broader socio-economic progress.

Dr Indra Pradana Singawinata, Secretary-General of the Asian Productivity Organisation (APO), pointed out that Việt Nam faces several challenges in its development process, including human resources shortages, limited management capacity and modest R&D investment.

This series of dialogues underscores the Government's commitment to driving a growth rate exceeding 8 per cent, creating a strong foundation for continued development in the years ahead.

The Government’s reports showed that despite the positive results, the external challenges affecting economic growth are increasing.

In 2024, Việt Nam continued to be a bright spot in terms of growth, developing at a rapid rate compared to many other countries in the region and the world. Its GDP growth in 2024 was estimated at about 7 per cent, while its overall economy reached about US$470 billion.

A series of year-end stimulus solutions is expected to spur Việt Nam's economy to achieve the GDP growth target of over 7 per cent this year.

Securing over $1.8 billion in foreign direct investment, the northern province ranked third nationwide in FDI attraction.

Việt Nam's economy is projected to grow by 6.1 per cent next year, unchanged from the growth forecast for 2024.

Innovation plays a central role in enhancing productivity and competitiveness, underpinning progress across industries and economies

In order to meet the goal of 7% economic growth rate this year, experts held that it is necessary to maintain current development pace and even accelerate it.

The Prime Minister asked investors to continue to accompany Việt Nam in implementing the goal of promoting economic growth associated with maintaining macroeconomic stability and controlling inflation.

According to the ministry, the economy is projected to grow by 6-6.5 per cent in line with the target initially set by the National Assembly.

The Government's drastic directions in financial and monetary management, and growth support in the first quarter of 2024 are a foundation helping Vietnam's economy overcome difficulties and achieve impressive growth amidst a variety of challenges of the world economy, according to economists.