HCMC – Vietnam needs to focus on expanding the industrial and construction sectors to achieve its economic growth target of 8% this year, according to the Ministry of Planning and Investment (MPI).
Minister Nguyen Chi Dung said that the industrial and construction sectors should grow by 9.5% or more, with manufacturing and processing expanding by at least 9.7%, reported the Vietnam News Agency. Meanwhile, the services sector is projected to increase by 8.1%, while agriculture, forestry, and fisheries should see 3.9% growth.
To meet these ambitious targets, Vietnam plans to accelerate private investment and support key industries. Authorities are working to streamline administrative procedures and improve the business environment to attract capital from state-owned enterprises, private firms, and foreign investors.
The Government is pushing for amendments to the Public-Private Partnership (PPP) Law and policies that encourage large-scale production. State-owned enterprises will be tasked with leading major projects to maximize economic impact.
To enhance resource allocation, the Government plans to limit inefficient public investment. The 2026-2030 public investment plan will cap centrally funded projects at 3,000, ensuring funds are directed toward high-priority infrastructure and development projects.
Financial market reforms are also a key focus. The Government aims to enhance capital markets, update corporate bond regulations, and elevate Vietnam’s stock market status by 2025. These reforms seek to attract more foreign indirect investment (FII) and optimize financial resource allocation.
Authorities are working to resolve challenges in real estate, corporate bonds, and capital markets to restore investor confidence. The stock market is being upgraded to meet international standards, with the goal of increasing foreign capital inflows.
Credit growth will prioritize manufacturing, exports, and key industries, while ensuring financial stability. A dedicated task force is collaborating with high-tech foreign investors to facilitate large-scale projects. The Government is also introducing a “green channel” approval mechanism to fast-track high-tech industrial zones.
To accelerate economic zone development, local governments will gain more authority to approve industrial infrastructure projects. Task forces will be deployed to address obstacles in renewable energy, transport, and real estate investments.
Vietnam is also prioritizing digital transformation and sustainability, with policies promoting artificial intelligence (AI), green technologies, and circular economy models. Investment support funds will help local enterprises drive industrial innovation alongside foreign investors.
