Vietnam Communist Party targets faster gro wth

Vietnam’s ruling Communist Party is targeting faster annual economic growth over the next five years, despite potentially “severe” economic challenges, according to a draft document prepared for its upcoming congress.
The party expects the country’s economy to grow by at least 10% a year over the 2026-2030 period.
Vietnam targeted 6.5% to 7.0% annual growth over the 2021-2025 period.
The economy expanded at an annual average of about 5.7% in the 2021-2024 period although growth is on track to be above 8% this year.
The draft document sets the stage for discussions at the party congress, which will define the country’s main strategies and policies for the coming five years.