Vietnam's Socio-Economic Performance and Development Targets for 2026

Strategic Insights -

Lawmakers at the 15th National Assembly's 10th session are engaged in group discussions, focusing on assessing Vietnam's socio-economic performance in 2025 and setting development targets for the coming year. The legislative body is set to deliberate the implementation of the state budget plan for 2025, and the state budget estimates and central budget allocation plan for 2026, including the 2026-2028 financial and budgetary framework. The discussions come at a time when Vietnam has managed to overcome formidable challenges, achieving 22 out of 26 key socio-economic targets for the tenure, with the economy demonstrating its resilience to external shocks and maintaining one of the world's highest growth rates.

Key Takeaways:

  • The Government has proposed 15 key targets for 2026, including a GDP growth rate of 10% or higher, per capita GDP of 5,400-5,500 USD, and an average labour productivity rise of 8%.
  • Vietnam has achieved 22 out of 26 key socio-economic targets for the tenure, with all the indicators related to society and welfare exceeding expectations.
  • The economy has maintained one of the world's highest growth rates, with GDP growth projected to exceed 8% in 2025 and an average growth rate of 6.3% for the 2021-2025 term.
  • The Government will prioritize growth alongside macroeconomic stability, inflation control, and the safeguarding of major economic balances, while keeping public debt and budget deficit within limits.
  • The Government will also accelerate industrialisation, modernisation, and economic restructuring, and focus on strengthening institutional reforms, refining the State administrative apparatus, and resolving long-delayed projects.
  • The NA will discuss in groups the reports on the 2021-2026 performance of the President, the Government, the Supreme People's Court, and the Supreme People's Procuracy, as well as scrutinise the draft report on the 15th NA's performance.

Statistics:

  • Vietnam has achieved 22 out of 26 key socio-economic targets for the tenure.
  • GDP growth is projected to exceed 8% in 2025.
  • The 2021-2025 average GDP growth rate is projected to reach 6.3%, as compared to the 6.2% recorded in the previous term.
  • The Government has proposed a 2026 GDP growth rate of 10% or higher.
  • Per capita GDP is expected to reach 5,400-5,500 USD in 2026.
  • Average CPI increase is expected to be around 4.5% in 2026.
  • Average labour productivity is expected to rise by 8% in 2026.
  • The household poverty rate, measured according to the multidimensional poverty standards, is expected to drop by 1-1.5% in 2026.

Sources:

  • Government's report on socio-economic performance in 2025.
  • NA's agenda for the 10th session.
  • Politburo's resolutions on key areas.