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Vietnam Approves 2027 Plan With 10% Growth Target: Key Figures and Vote
Vietnam’s National Assembly approved its 2027 socio economic plan on November 7, 2026, with 467 of 469 participating deputies voting in favor. Other reported goals include GDP per capita of about US$6,100, industry and construction growth of 12.2%, and manufacturing and processing growth of 12.3%.
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Key takeaways
- Vietnam’s National Assembly approved its 2027 socio economic plan on November 7, 2026, with 467 of 469 participating deputies voting in favor.
- Other reported goals include GDP per capita of about US$6,100, industry and construction growth of 12.2%, and manufacturing and processing growth of 12.3%.
- The 2027 targets come as the government was seeking 10% growth in 2026; after 9.01% growth in the first nine months, officials said the fourth quarter would need to grow about 12.5% to reach that annual goal.
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Vietnam’s National Assembly approved the 2027 socio-economic development plan on the morning of November 7, 2026. The resolution sets a GDP growth target of at least 10%, while also emphasizing macroeconomic stability and inflation control. The vote was 467 in favor out of 469 participating deputies; the reported 93.40% figure refers to the whole legislature, not just those who participated in the vote. 4
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The vote and what the plan sets out
The vote took place during the second session of the 16th National Assembly. November 7 was the session’s twentieth working day. The session schedule records a presentation on the draft resolution from 8:00 to 8:10 a.m.; it does not give the precise time of the subsequent vote. 15
Before the vote, Finance Minister Ngo Van Tuan presented a report explaining and revising the draft resolution, authorized by the prime minister. The updated draft sets out 45 key indicators and 11 groups of priority tasks and solutions, and is based on documents of the 14th National Party Congress. 4
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Reported national targets include:
| Indicator | 2027 target |
|---|---|
| GDP growth | At least 10% |
| GDP per capita | Around US$6,100 |
| Consumer price index (CPI) growth | Around 4.5% |
| Industry and construction growth | 12.2% |
| Manufacturing and processing growth | 12.3% |
| Manufacturing’s share of GDP | 25.4% |
| Active businesses | 1.18 million |
| Digital economy’s share of GDP | Around 23.5% |
The manufacturing figures describe two different measures: 12.3% is a growth target for manufacturing and processing, while 25.4% is the sector’s target share of GDP. 35
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The excerpts available for this report do not establish the precise 2027 targets for services, agriculture, forestry and fisheries, exports, imports or retail sales. Those figures should not be inferred from the targets listed above.
How the targets compare with 2026
The 2027 growth goal follows a year in which Vietnam was also aiming for 10% growth. GDP grew about 9.01% in the first nine months of 2026. Deputy Prime Minister Nguyen Van Thang said growth of roughly 12.5% in the fourth quarter would be needed to reach the full-year goal, calling the challenge significant but not impossible. 18
The 2027 CPI target is around 4.5%. That is also the approximate inflation target cited for 2026, although the average CPI rose 4.52% in the first nine months of that year. This comparison is between a 2027 target and a partial-year 2026 result, not a final full-year inflation figure. 21
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There were also strong trade and investment figures in the first ten months of 2026. A government report said export-import turnover had passed US$1 trillion for the first time, reaching nearly US$1.011 trillion. Separately, an October economic report estimated total trade at US$1.01 trillion and reported registered foreign investment of US$50.36 billion. 22
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The challenge behind the growth ambition
The plan pairs rapid growth with a commitment to macroeconomic stability and inflation control. Parliamentary reporting pointed to volatile global commodity prices as an inflation risk and called for closer coordination between fiscal and monetary policy to contain price pressures, safeguard banking stability and support access to medium- and long-term capital. 32
That balance is central to interpreting the targets: the resolution does not set growth in isolation, but alongside stability and inflation objectives. The available source excerpts establish the headline goals and selected indicators, but do not provide a full account of the resolution’s sector-by-sector targets or the specific petroleum tax, interest-rate, exchange-rate and credit measures discussed during its preparation.
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Vietnam’s National Assembly approved its 2027 socio economic plan on November 7, 2026, with 467 of 469 participating deputies voting in favor.
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Vietnam’s National Assembly approved its 2027 socio economic plan on November 7, 2026, with 467 of 469 participating deputies voting in favor. Other reported goals include GDP per capita of about US$6,100, industry and construction growth of 12.2%, and manufacturing and processing growth of 12.3%.
What should I do next in practice?
The 2027 targets come as the government was seeking 10% growth in 2026; after 9.01% growth in the first nine months, officials said the fourth quarter would need to grow about 12.5% to reach that annual goal.
Sources
vietnam.vnThe National Assembly voted to approve the Resolution on the socio-economic development plan for 2027.
english.vov.vnNA targets 10% growth for 2027 amid push for macroeconomic stability
vietnamnews.vnNA resolution on 2027 socio-economic development plan ...