On the afternoon of December 16th, Prime Minister Pham Minh Chinh, Vice Chairman of the National Assembly Vu Hong Thanh, and Head of the Central Policy and Strategy Department Nguyen Thanh Nghi co-chaired the “Vietnam Economic Forum 2025, Outlook 2026” under the theme “Rapid, Sustainable, and Green Transformation of Vietnam’s Economy in the Digital Era.”
Prime Minister Pham Minh Chinh emphasized the need to promote rapid and sustainable development based on digitalization and greening. Photo: Nhat Bac
Addressing the forum, Prime Minister Pham Minh Chinh stated that Vietnam remains steadfast in pursuing its two 100-year strategic goals: becoming a modern industrialized country with high-middle income by 2030, and a developed, high-income nation by 2045.
To achieve these goals, Vietnam has clearly defined its priorities: stability as an inviolable fortress; rapid and sustainable development as an endless engine; and the well-being and happiness of its people as the ultimate objective. Vietnam will not sacrifice progress, equity, social welfare, or the environment for mere growth.
To achieve double-digit growth in the coming period, the Prime Minister stressed the need to promote rapid and sustainable development based on digitalization and greening.
Growth targets must be aligned with maintaining macroeconomic stability, controlling inflation, and ensuring the economy’s major balances, while enhancing resilience and competitiveness.
The Prime Minister also highlighted the need to accelerate strategic institutional breakthroughs, turning institutional bottlenecks into national competitive advantages.
In addition to institutional reforms, the Prime Minister called for the development of a high-quality workforce, prioritizing key sectors such as science and technology, smart governance, fundamental sciences, and emerging fields. He emphasized the importance of building a synchronized and modern strategic infrastructure system to facilitate digital and green transformations.
Beyond traditional growth drivers like investment, exports, and consumption, the Prime Minister highlighted new drivers such as digital transformation, green transition, and the development of industries like semiconductors, AI, and clean energy. He also emphasized the importance of treating data as a resource and exploring new frontiers like space, underground, and marine environments.
According to the Prime Minister, fostering new growth drivers requires perfecting pilot mechanisms to support digital, green, and circular economies.
Additionally, Vietnam will continue to restructure exports in tandem with economic restructuring, shifting from price-based market dominance to brand- and standard-based export strategies. This includes vigorously promoting digital transformation in trade promotion and effectively implementing the International Market Expansion Program.
The Prime Minister emphasized that Vietnam’s double-digit growth target is well-founded, feasible, and supported by strong political determination, significant efforts, and decisive actions. Vietnam looks forward to continued support from international friends and partners in achieving this goal.
Mr. Nguyen Thanh Nghi speaking at the forum. Photo: Nhat Bac
At the forum, Mr. Nguyen Thanh Nghi, Head of the Central Policy and Strategy Department, noted that in 2025, Vietnam achieved comprehensive and outstanding socioeconomic development. Economic growth was robust, with an expected full-year growth rate exceeding 8%, placing Vietnam among the world’s fastest-growing economies.
According to Mr. Nguyen Thanh Nghi, the draft Political Report for the 14th National Party Congress sets a target of achieving an average annual economic growth rate of 10% or higher during the 2026-2030 period.
“In the current context, realizing the 2026 growth target and the 2026-2030 goals presents significant challenges, requiring a shift in development mindset and the establishment of a new growth model. This model must leverage science, technology, innovation, digital transformation, and green transition as growth drivers, alongside effective solutions to revitalize traditional growth engines,” Mr. Nguyen Thanh Nghi stated.
Mr. Nguyen Thanh Nghi announced that the Central Policy and Strategy Department will compile forum insights and recommendations for submission to the Government and Prime Minister, guiding relevant agencies in their implementation. The department will also refine forum discussions to complete the 2025 Vietnam Economic Report with a 2026 outlook for submission to authorized bodies.
Building on 2025’s growth and the new phase’s opportunities and challenges, Mr. Nguyen Duc Hien, Deputy Head of the Central Policy and Strategy Department, and his research team presented three growth scenarios for the 2026-2030 period. The most notable is the “Target Scenario,” aiming for 10% annual GDP growth.
If realized, this scenario would see Vietnam’s economy reach nearly 25 million billion VND by 2030, equivalent to approximately 910 billion USD, with per capita GDP reaching 8,500 USD. This represents a significant leap compared to the “Baseline Scenario” (7.5% growth) and the “Transition Scenario” (8.5% growth).
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