Prime Minister Pham Minh Chinh has officially called upon ministries and local authorities to prioritize rapid development to achieve a double-digit Vietnam economic growth 2026 target. Chairing the first Cabinet meeting of the year in Hanoi on February 4, the PM emphasized that efforts must begin immediately to maintain the nation’s upward trajectory.
Prime Minister Pham Minh Chinh chairs the meeting. (Photo: VGP)
High Stakes for the 2026 Socio-Economic Plan
The meeting focused on analyzing January’s socio-economic performance and the strategic allocation of public investment. The Prime Minister noted that the “double-digit growth goal” is ambitious but achievable if sectors remain proactive from the very first days of the year.
To safeguard Vietnam economic growth 2026, the Cabinet discussed:
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Accelerating the disbursement of public investment capital.
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Implementing national target programs effectively.
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Strengthening production and business activities across all provinces.
Strategic Solutions for Macroeconomic Stability
Beyond growth figures, PM Chinh instructed ministries to develop flexible policy plans to shield the economy from external shocks. Maintaining macroeconomic stability and controlling inflation remain top priorities to ensure that Vietnam economic growth 2026 remains sustainable.
Furthermore, the PM highlighted the urgency of fast-tracking key national infrastructure projects. By improving logistics and connectivity, Vietnam aims to reduce business costs and enhance its competitive edge in the regional market.
Strong Indicators: FDI and Industrial Production
The Ministry of Finance reported a robust start to the year, providing a solid foundation for the Vietnam economic growth 2026 roadmap.
| Indicator | Value (January) | Year-on-Year Growth |
| FDI Inflows | ~$1.5 Billion | Strong Momentum |
| FDI Disbursement | $1.7 Billion | +11.3% |
| Industrial Production Index | — | +21% |
| Export Turnover | — | +29.5% |
Industrial production saw a significant surge, with all 34 monitored localities reporting growth. While import values soared by 49%, reflecting a high demand for raw materials for manufacturing, the government remains focused on balancing trade to support long-term stability.
Combating Market Challenges
In his concluding remarks, the Prime Minister also called for doubled efforts to combat smuggling, counterfeit goods, and trade fraud. Protecting legitimate production and business activities is considered a core pillar in achieving the targeted Vietnam economic growth 2026.
For more details on international trade standards and economic benchmarks, you may refer to the latest reports from the World Bank.