Sustaining double-digit growth will require balancing ambitious expansion with inflation control, financial stability, and the more efficient allocation of capital.
The city has issued a plan to implement the socio-economic growth strategy for 2026-2030 with science and technology, innovation and digital transformation being identified as key drivers of the city’s new growth model.
The Government’s new resolution targets to innovate the reform of administrative procedures in a comprehensive and substantive manner, drastically improve the business investment climate, sharpen national competitiveness, and spur economic growth through 2030.
The measures needed for Vietnam to post double-digit growth this year and beyond must be executed in a manner that provides a platform for even longer-term development.
The capital is currently home to 221 science and technology enterprises, more than 1,000 innovative start-ups and nearly 11,000 digital technology companies.
In his opening remarks at the regular Government meeting on July 4, Prime Minister Le Minh Hung requested that the tasks for the last six months be identified so as to secure double-digit growth while maintaining macroeconomic stability.
Strategic technology sectors prioritized for development include Artificial Intelligence (AI), semiconductors, Big Data, Cloud Computing, biotechnology, new materials, and renewable energy.
For synchronous implementation, the focus must be on resolving growth bottlenecks and "chokepoints" while stimulating drivers with high spillover effects across the entire economy.
Vietnam has charted a path towards double-digit, sustainable growth by 2030 through innovation, reform, digitalization, and strategic productivity improvements.