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Vietnam prime minister targets 2027 GDP growth of at least 10%

Prime Minister Hung said the government will keep pushing for double-digit growth while maintaining macroeconomic stability and keeping inflation at about 4.5% in 2027. The government will take decisive measures to lower lending rates and steer credit toward production, business and exports, while ensuring enough electricity and fuel. Ministries have been ordered to fully disburse 2026 public investment and keep key projects on schedule. The economy averaged 9% growth in the first three quarters, but inflation rose to 5.08% in September, above the 4.5% cap, pressuring the central bank to keep rates stable. Phan Van Mai, head of parliament's economic committee, said the target faces significant challenges because the foundation for expansion remains unstable.

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Original headline: Vietnam prime minister targets 2027 GDP growth of at least 10 %

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