Vietnam’s nominal per capita gross domestic product (GDP) is forecasted to reach $5,259 this year, allowing the country to overtake Indonesia and climb to fifth place in ASEAN, according to the International Monetary Fund’s (IMF) October 2026 World Economic Outlook report.
The Ministry of Finance estimated that the policy would reduce budget revenue by approximately VND6,700 billion (more than $260 million) over two years.
There are still scientific and technological gaps that need to be addressed to promote the sustainable development of Vietnam’s agricultural sector. Close links between science and policy need to be established in order to expand the application of scientific advances and modify the mechanisms that support and promote application.
During a phone call with his Dutch counterpart Mark Rutte on December 6, Prime Minister Pham Minh Chinh asked the Netherlands to support Vietnam in connecting ports and industrial zones with Europe, helping to increase its exports into these markets, and to soon ratify the EU-Vietnam Investment Protection Agreement (EUVIPA). The two leaders agreed on cooperative programs in the time to come, including promoting the development of the circular economy and renewable energy.
Covid-19 has significantly affected Vietnam’s labor market and caused a sharp decline in workforce numbers. The Ministry of Labor, Invalids and Social Affairs is drafting a program to restore and develop the labor market, with mechanisms and policies focusing on seven major solutions.
Industrial production continued to increase in November, but according to the Ministry of Industry and Trade the unpredictable development of the Covid-19 pandemic is threatening production supply chains and labor supply. In order to maintain growth momentum to the end of the year, timely support is needed from the State to effectively control the disease.
Speaking at the 3rd annual Industry 4.0 Summit on December 6, Prime Minister Pham Minh Chinh said that Vietnam’s internal resources are a basic and decisive element in its long-term strategy, while external resources are important for breakthroughs in technology, capital, and management science. He added that the existing difficulties are only temporary and that Vietnam’s economy remains stable.
A pressing problem for Vietnam today is to identify solutions for sustainable economic recovery and development in the post-pandemic period while supporting long-term growth drivers promoting the process of industrialization and modernization, economists said at the 3rd annual Industry 4.0 Summit.