Container cargo loading at Saigon New Port. Photo: Hong Dat/VNA

The report said Vietnam’s economy has delivered impressive results in 2025, continuing the momentum from 2024. On the political front, 2025 has been marked by a clear commitment to institutional reform and improved governance. The government has emphasised administrative streamlining and decentralisation as part of a broader effort to enhance efficiency and accountability across provinces.

This reform push has been tightly linked to the economic agenda: by removing bureaucratic bottlenecks and accelerating public investment approvals, the state is laying the groundwork for faster decision-making and better public-sector performance - critical for sustaining growth and development.

The 2026 budget of Vietnam presents an assertive fiscal template - one that seeks to reconcile ambitious development goals with a tolerable degree of deficit financing. A notable emphasis in the 2026 budget lies with science, technology and innovation, digital transformation and related innovation programmes.

This underlines Hanoi’s ambition to pivot away from traditional growth drivers toward a more knowledge- and tech-driven economy, in line with broader structural-transformation goals.