HANOI: Vietnam needs to mobilise substantially more capital from the private sector, domestic capital markets and international sources to support infrastructure development and achieve its high-growth ambitions, speakers say at the Techcombank Investment Summit 2026 in Hanoi last Saturday.
Speaking at the summit, deputy governor of the State Bank of Vietnam (SBV) Nguyen Ngoc Canh said 2026 marked the beginning of a new period of development as Vietnam pursued high and sustainable growth and sought to strengthen its position in global value chains.
To achieve double-digit growth during 2026 to 2030, the economy would need a strong shift in productivity, quality, institutions and, particularly, the efficiency of resource allocation, he said.
Macroeconomic stability remained a foundation for strengthening investor confidence and creating an attractive investment environment.
Stable inflation, interest rates, exchange rates and major economic balances would help investors better assess costs and investment returns, providing a basis for long-term investment plans.
“The SBV will continue to operate monetary policy proactively and flexibly, while closely coordinating with fiscal policy and other macroeconomic policies to maintain major economic balances and macroeconomic stability,” Nguyen said.
He said infrastructure development, particularly in transport, energy, urban development, logistics and digital technology, was essential for maintaining high growth.
“The capital needs for these projects are very large, while implementation and payback periods are often long,” he said.
“Therefore, alongside the leading role of public investment, Vietnam needs to mobilise resources more effectively from the private sector, institutional investors, the domestic capital market and, in particular, long-term international capital.”
Nguyen said the banking system needed to go beyond its traditional role as a provider of credit and become a comprehensive financial partner capable of advising on, structuring and arranging funding solutions for individual projects.
Banks also needed to strengthen project appraisal and risk management, expand syndicated financing and connect domestic sources of capital with international funding, he added.
Vietnam should also develop a more balanced relationship between the money market and capital market and expand medium and long-term funding channels for businesses.
“A multi-layered, transparent and efficiently functioning financial ecosystem will help reduce maturity pressures on the banking system and strengthen the economy’s resilience to external impacts and volatility,” he said.
Nguyen stressed that rapid growth needed to go together with macroeconomic stability, large-scale capital mobilisation with market discipline, and innovation with risk management.
Techcombank chief executive officer Jens Lottner said the economy demonstrated strong resilience despite global turbulence, while structural reforms and infrastructure investment were accelerating.
“Despite all the turmoil which we’ve seen, we see actually a very, very resilient market,” Lottner said.
“And even with the tariffs, even with the war going on in the Middle East, you still see a very strong performance of the economy.” — Viet Nam News/ANN
