Vietnam targets at least 10% GDP growth in 2027
Prime Minister Le Minh Hung said 14 of Vietnam’s 15 main socio-economic targets for 2026 were expected to be achieved or surpassed.
Vietnam’s proposed development plan for 2027 aims for GDP growth of at least 10%, Prime Minister Le Minh Hung told the National Assembly on October 17. Presenting the government’s economic report, he said the plan also sought to preserve macroeconomic stability and contain inflation.
The proposed targets include average consumer price index growth of around 4.5%, GDP per capita of US$6,100 and an 8.6% increase in average social labour productivity.
Reviewing 2026, Hung reported GDP growth of 9.95% in the third quarter and 9.01% over the first nine months. Average consumer prices increased 4.52% during the nine-month period.
The government estimates state budget revenue for 2026 at ₫3.06 quadrillion, up 14%. Public debt is forecast to reach approximately 33–34% of GDP by year-end, with the budget deficit at around 4.1% of GDP.
Registered foreign direct investment reached US$50.36 billion over nine months, an increase of 76.4%, according to the report. Full-year foreign trade turnover is projected at US$1.11 trillion.
Hung acknowledged continuing pressure on inflation management, elevated deposit and lending rates, and difficulties for small and medium-sized enterprises in obtaining land and credit.
For 2027, the government plans to reduce administrative procedures, expand the private sector and attract foreign investment selectively with technology transfer. Infrastructure priorities include the national expressway network, major railway projects and faster construction at Long Thanh and Gia Binh international airports.
