HomeNewsVietnamVietnam aims for 10% GDP growth over the next five years, supported by tourism

Vietnam aims for 10% GDP growth over the next five years, supported by tourism

Vietnam is aiming for average GDP growth of about 10 percent over the next four years, aiming for “strategic autonomy”, “self-reliance” and “confidence”.

This and other goals are being outlined in the 14th National Party Congress, which kicked off in Hanoi on Tuesday, drawing nearly 1,600 delegates representing over 5.6 million party members at the national Convention Center in the nation’s capital.

The GDP goal is aimed at not only improving overall economic prosperity and self-reliance, but improving incomes, employment opportunities and quality of life for citizens.

One key focus of the nation is keeping up with technological advancements, including AI, by establishing new development models and improving labor productivity.

National competitiveness is also a key sticking point, with the State President Luong Cuong in opening remarks noting that the nation’s growth is below its potential and is unsustainable. The top official also criticized limited competitiveness.

Tourism has been one recently highlighted aspect of Vietnam’s push to increase its status on the global stage. Vietnam’s Deputy Prime Minister recently called for improved e-visa measures and procedures to hit the nation’s goal of 25 million international visitors this year. This comes despite the nation seeing a record number of arrivals in 2025, topping 21 million. Green and wellness tourism, as well as golf were promoted as key drivers of this initiative, with integrated resort operators such as Hoiana Resort & Golf well positioned to provide high-end offerings. The group is in the midst of a $1 billion second phase investment, adding over 1,000 hotel rooms, nearly 200 villas and a second golf course.

Additionally, the government late last year expanded its gaming policy by granting permanent access to locals at the Corona Resort & Casino, while authorizing five-year pilot programs at The Grand Ho Tram Resort and the planned Van Don integrated resort (under the Sun Group).

The Sun Group is also doubling down on promoting Vietnam’s tourism appeal, aiming to shape Phu Quoc island into the next Phuket or Bali, constructing massive hotel complexes that could provide close to Macau’s entire room inventory.

Increased access via new airline routes is also helping boost the country’s tourism sector, helping support the politburo’s economic expectations for the coming years.

AGBrief Editorial
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