General Secretary of the Communist Party of Viet Nam Central Committee and President To Lam on October 28 called on Ho Chi Minh City to renew its approach to autonomy, strengthen implementation capacity and ensure that tasks are completed with tangible results.

The third quarter of 2026 saw Viet Nam’s economy gain momentum, with growth in many localities reaching its highest level compared with the first two quarters of the year.

In an interview with the media, Nguyen Thi Mai Hanh, Head of the National Accounts Department at the National Statistics Office, said achieving the growth target of at least 10% would require resources to be quickly converted into actual output and economic value.

The target of double-digit growth is placing Viet Nam’s economy under pressure to grow faster, but it can no longer continue relying mainly on capital, low-cost labour and resource exploitation.

Standing Deputy Prime Minister Pham Gia Tuc has asked for prompt measures to remove bottlenecks for the implementation of key projects in the industry and trade and construction sectors.

Viet Nam’s GDP grew 8.18% in the first six months of the year, while third-quarter growth is forecast at 9.5-10%. With this momentum, the 2026 GDP growth target of over 9% is considered achievable. However, sustaining this momentum and moving towards double-digit growth will require Viet Nam to unlock multiple economic resources simultaneously.

Speaking at the third plenum of the Party Central Committee, General Secretary and President To Lam emphasised that GDP growth of 8.18% in the first half of the year was a positive result, but intensified efforts were required to achieve the full-year growth target of at least 10% and lay the foundation for sustainable double-digit growth.

Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more, the municipal People’s Committee said on September 4.

Building on their distinctive advantages, including strategic locations, deep-water ports, and strong connectivity, the North Central provinces are working to create new development space and emerge as a growth hub for the country.

The Ministry of National Defence held a conference in Ha Noi on August 17 to accelerate the disbursement of funding sources, contributing to the goal of achieving double-digit economic growth.

Ho Chi Minh City is facing an urgent need to accelerate its growth in pursuit of a double-digit growth target. As traditional growth drivers need to be strengthened, the city still has considerable untapped potential, spanning tourism, investment, digital transformation, and green transformation to addressing stalled projects and developing new sectors.

In an interview with Nhan Dan Newspaper, Dr Nguyen Minh Thao, Head of the Department for Enterprise Development and Business Environment under the Institute of Strategy and Policy on Economics and Finance, Ministry of Finance, said the combined strength of the economy can only be multiplied when institutional reform truly eases the burdens and obstacles facing enterprises.

Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.

According to the National Statistics Office, Viet Nam’s economy achieved encouraging results in the first six months of 2026, with GDP expanding by 8.18%, the highest growth rate since 2011. In the second quarter alone, the economy grew by 8.39%.

Politburo Resolution 57 identifies science and technology, innovation and digital transformation as strategic breakthroughs and key drivers for developing modern productive forces, renewing the growth model and improving labour productivity.

To achieve double-digit growth in the first year of the new term, the Ministry of Finance is determined to refine institutional frameworks, strengthen budget management capacity, advance administrative reforms, and enhance the business environment in order to harness growth drivers to their full potential.

Export activity remained buoyant in the first half of the year, providing a strong impetus for domestic production while reaffirming its role as a key engine of economic growth.

The PM chaired a working session on July 15 with the Standing Board of the Tuyen Quang Party Committee on socio-economic development, the double-digit growth target, public investment disbursement, the operation of the two-tier local government model, implementation of Politburo Resolution No. 57, and measures to address local challenges.

Politburo member and Permanent member of the Party Central Committee’s Secretariat Tran Cam Tu on April 23 urged ministries, sectors and localities to accelerate institutional reforms and policy improvements to help realise Viet Nam’s double-digit growth target.

Prime Minister Le Minh Hung on July 14 urged Phu Tho province to change its development mindset by prioritising high value added and high-tech investment while rejecting labour-intensive, outdated and environmentally harmful projects, to turn the northern locality into an industrial powerhouse of the country.