The year 2026 is entering its second half, with considerable pressure to accelerate to achieve the target of double-digit economic growth.

Prime Minister Le Minh Hung has urged Ho Chi Minh City to further strengthen its role as Viet Nam’s leading growth engine, stressing that the city, which accounts for nearly one-quarter of the nation’s GDP, will play a decisive role in helping the country achieve its double-digit growth target.

Viet Nam’s economy maintained positive growth momentum in the first five months of 2026, driven by strong industrial production, rising domestic demand, robust exports, and increasing foreign investment inflows, providing a solid foundation for the Government’s double-digit growth target this year.

Prime Minister Le Minh Hung called on ministries, sectors and localities to intensify efforts to accelerate economic growth and maintain macroeconomic stability, with the goal of achieving double-digit growth in 2026.

Ho Chi Minh City was tasked with continuing to refine the two-tier local administration model in a streamlined, effective, and substantive way; stepping up decentralisation and delegation of authority alongside power control and accountability; and building quantitative criteria to assess operational effectiveness, with citizens and businesses placed at the centre of service delivery.

The explosive development of artificial intelligence (AI) is placing humanity at an unprecedented crossroads.

Prime Minister Le Minh Hung has stressed the need for a major shift in development mindset during his working session with the Standing Board of the Party Committee of Vinh Long province on May 26, describing it as a crucial task for the locality at the current stage.

Venture capital is critical to spurring technological innovation and pushing Vietnamese firms into emerging sectors while supporting legal fine-tuning to create breakthrough momentum for economic growth, Deputy Minister of Finance Nguyen Duc Tam said.

As Viet Nam targets economic growth of at least 10% in 2026, fiscal policy is expected to shift from a traditional budget-balancing role to a more proactive driver of growth, with spending efficiency emerging as the decisive factor.

In the context of a global economy facing many unpredictable variables, establishing a breakthrough growth roadmap for Viet Nam is not only an aspiration but also an urgent requirement to successfully implement the Resolution of the 14th National Congress of the Party.

The PM called for continued streamlining of the apparatus, improved governance, and deeper decentralisation, alongside reforms to address bottlenecks in land, environment and minerals. He also urged more flexible rice land policies to allow conversion of inefficient areas while safeguarding food security.

Ministries and agencies must enhance forecasting capacity, adopt more responsive policy tools, and fundamentally rethink how policies are designed and executed in a rapidly evolving environment, said PM Le Minh Hung.

Prime Minister Le Minh Hung also called for measures to stabilise interest rates, reduce operational costs within credit institutions, promote digital transformation, and ensure adequate system liquidity.

Prime Minister Le Minh Hung on April 24 called for stronger action against fragmented public investment, while stressing greater accountability among leaders to ensure 100% disbursement of public investment capital as planned, helping support the Government’s double-digit growth target.

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.

With unity in thinking, awareness, aspiration and action, and with renewed methods of governance and implementation, the Government has identified double-digit growth as a central political task in the five-year socio-economic development plan for 2026–2030.

A series of Politburo resolutions is placing new demands on Viet Nam’s growth model, particularly in Ho Chi Minh City, making it essential to reassess the roles of key economic sectors and improve coordination between the state and the market to sustain rapid and durable growth.​

The Government has issued Resolution No. 109/NQ-CP, updating and supplementing the Government’s Action Programme to implement the Resolution of the 14th National Party Congress and Conclusion No. 18-KL/TW of the Party Central Committee on the five-year socio-economic development plan, national financial plan, public debt borrowing and repayment, and medium-term public investment plan for the 2026–2030 period, aligned with the goal of achieving double-digit growth.

Prime Minister Le Minh Hung ordered cutting unnecessary business conditions and streamlining red tape while chairing a meeting of the Government’s permanent members in Ha Noi on April 13 to follow the Party Central Committee’s conclusion from its recent second plenum.

Amid increasingly complex global geopolitical developments disrupting supply chains and driving up raw material prices and transportation costs, businesses are facing mounting pressure on their production and business activities.