Vietnam's Economic Growth Forecast Raised Amidst Strengthening International Ties

The Asian Development Bank (ADB) has revised Vietnam's economic growth forecast for 2026 to 7.8%, up from 7.2% in its July update, while raising its 2027 projection from 7.0% to 7.6%. Regular exchanges between the Vietnamese and Lao Parties serve not only as vivid evidence of the close and trusted ties between the two Parties, but also as a forum for sharing theoretical achievements and practical experience in building and improving political systems to meet new development requirements. The Khammuon provincial Boarding School for Ethnic Minority Students, funded by a non-refundable grant from Vietnam, reflects the attention paid by the two countries' Parties and States to education, training and human resources development in remote and ethnic minority areas of Laos. The newly inaugurated interventional radiology unit is expected to become a reputable medical facility in Vientiane and a bridge for stronger cooperation in training and technology transfer between Vietnam and Laos, said Vietnamese Ambassador to Laos Nguyen Minh Tam. Vietjet, together with its group companies Galaxy Holdings and Galaxy Telecom, has signed a strategic partnership agreement with Starlink, the satellite internet service engineered and operated by SpaceX, to provide passengers with free, high-speed Wi-Fi on its flights. Achieving the city's logistics ambitions will require not only more warehouses, ports and logistics centres, but also more efficient connections among existing facilities, lower costs and faster cargo flows from production to export. At the event, General Secretary and President Lam highly valued the views and proposals put forward by leaders of US corporations in science and technology, advanced manufacturing, energy, infrastructure, finance and investment. He said the practical recommendations demonstrated the continued interest, confidence and expectations of the U.S. business community in Vietnam. Tanzania's trade surplus with Vietnam increased from 140.9 million USD in 2022 to 314.2 million USD in 2025. Vietnam is currently a key market for Tanzanian agricultural products, particularly cashew nuts. The International Trade Centre (ITC) has also identified Vietnam as one of Tanzania’s most promising export markets. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,917 VND/USD, and the floor rate 24,353 VND/USD. Vietnam is seen as a potential market, with considerable room for growth in real estate, particularly commercial property, compared with some regional markets. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favourable for Russian investors. Petrovietnam Gas Joint Stock Corporation (PV GAS), a member of Vietnam National Industry - Energy Group (Petrovietnam), and ENEOS Xplora Inc. are exploring broader cooperation in the gas and liquefied natural gas (LNG) value chain and energy projects. In the first two quarters, Hanoi welcomed 18.01 million visitors, up 15.7% year-on-year, while total tourism revenue rose 19.1% to 74.23 trillion VND (2.85 billion USD). The average hotel occupancy rate stood at 65.64%. For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of ​​the airport. Alongside quality, safety, investment efficiency and the ability to meet the technical requirements of the North-South high-speed railway project, technology transfer is important, as Vietnam considers cooperation with foreign enterprises and partners in the high-speed railway sector. Along with the expansion of Sun PhuQuoc Airways’ wide-body fleet, Phu Quoc’s aviation gateway is also undergoing expansion by Sun Group. The group is investing approximately 500 billion VND to upgrade Terminal 1 (T1), increasing capacity to around 9 million passengers per year. The pitch was to bring global investors up to speed on Vietnam's macroeconomic outlook, its fiscal and monetary policy direction, and how it plans to manage public debt. The 31st Asia Securities Forum Annual General Meeting (ASF AGM 31) will feature a dedicated session on Vietnam under the theme “Investing in Vietnam – Rising in a New Era”. It is expected to bring together representatives of international financial institutions, regional securities associations, experts and leaders of domestic businesses. Petrolimex also signed a separate strategic cooperation agreement with the National Citizen Commercial Joint Stock Bank (NCB) covering finance and banking, while Petrolimex Aviation and Sun PhuQuoc Airways signed a Memorandum of Understanding to expand cooperation in aviation fuel. As of the end of June 2026, Vietnam had 43 fund management companies and 141 securities investment funds. Including entrusted investment portfolios, total assets under management by fund management companies reached approximately 846 trillion VND (over 32.5 billion USD). Such assessments, however, need to be viewed in the context of Vietnam’s starting point in 1986 and the broader trajectory of its development. A country emerging from prolonged wars, facing severe socio-economic difficulties and economic embargo has undergone profound changes over the past four decades. Tax policy should be used as a lever which channels investment toward technology, research and development, supporting industries and supply capacity, economists said. The rankings cover three groups: dairy and dairy products; confectionery and other nutritional foods; and sugar, sauces and seasonings. The retailer plans to enter the Southeast Asian country with small-format stores targeting middle-class consumers. Copyright, VietnamPlus, Vietnam News Agency (VNA) Editor-in-chief, Mr. Tran Tien Duan.