Vietnam sets ambitious GDP growth target of at least 10% in 2026

A vendor pushes a cart full of shoes across the street in the Old Quarter of Hanoi, Vietnam. — AP

HANOI: Vietnamese Prime Minister Pham Minh Chinh says the government will target record gross domestic product (GDP) growth of at least 10% in 2026, stating that the South-East Asian economy had proven resilient despite pressure from external shocks.

Growth this year is estimated at 8%, Chinh told the opening of the new parliamentary session, adding that the government would maintain its target of achieving growth above 8%.