Vietnam seeks $251 billion to fuel 2027 growth

ملخص مفصل

To achieve its 10 percent economic growth target for 2027, Vietnam must mobilize VND6-6.4 quadrillion ($235-251 billion) in total social investment, as the G...

Speaking at a question-and-answer session during the second sitting of the 16th National Assembly on November 12, Prime Minister Le Minh Hung emphasized that curbing inflation, stabilizing currency value, and strengthening macroeconomic foundations remain top priorities to sustain high growth and improve living standards.

Throughout 2026, the Government implemented comprehensive fiscal and monetary measures to ease input costs, including a 2 percent value-added tax reduction, a 2 percent electricity price cut, zero-percent special consumption tax on gasoline from November 1, 2026 through March 31, 2027, and 30 percent income tax reductions for household businesses and small enterprises. These tax exemptions and reductions are estimated to lower 2026 state budget revenue by VND256.7 trillion ($10.07 billion).

Concurrently, flexible monetary management reduced lending interest rates by 1.5 to 2 percent for priority sectors, keeping 10-month consumer price index (CPI) inflation at 4.57 percent despite global commodity price volatility.

Resource mobilization showed strong momentum in 2026. Total social investment reached VND3.11 quadrillion ($122 billion) in the first nine months, up 15.1 percent year-on-year. Over 10 months, state budget revenue hit VND2.44 quadrillion ($95.7 billion), up 11 percent, while public investment disbursement reached nearly VND708.6 trillion ($27.8 billion).

Registered foreign direct investment (FDI) surged 74 percent to $54.85 billion, with realized capital rising 13.1 percent to $24.08 billion, while total import-export turnover surpassed $1 trillion for the first time. Authorities also resolved 4,817 stalled projects worth over VND3.5 quadrillion ($137 billion), bringing 902 projects into operation and positioning the economy for over 10 percent GDP growth in 2026.

For 2027, achieving 10 percent GDP growth requires total social investment equivalent to 36 to 38 percent of GDP, or VND6-6.4 quadrillion.

To secure funding, the Government aims to…

V…

مطلع المقال، مقتطف من VnEconomy. لقراءة المقال كاملًا، افتحه على موقع الناشر.