Politics · Vietnam Bureau
Vietnam sets 2027 growth targets for provinces, cities at 8.7-13%
Vietnam's Communist Party leadership has approved differentiated gross regional domestic product growth targets for 34 provinces and cities in 2027, ranging from 8.7% to 13%. The directive, signed by General Secretary and State President To Lam, reflects the party's strategic priorities for balanced regional development.
LSN Vietnam ·
The Party Central Committee's Conclusion No. 106-KL/TW, finalized at the fourth plenum of the 14th Central Committee on October 15, 2026, establishes specific economic growth benchmarks for each locality as part of broader socio-economic development strategy and state budget planning.
Hai Phong has been assigned the most ambitious target, with a growth objective of 13%, positioning the port city as a key economic engine. Quang Ninh province follows closely with a 12% growth target, reflecting both regions' strategic importance to Vietnam's industrial and export-oriented development model.
The tiered growth targets indicate the party's intention to tailor economic expectations according to each locality's development stage, resource endowment, and strategic role within the national economy. This approach allows for focused resource allocation while maintaining overall macroeconomic stability.
The conclusion encompasses not only growth targets but also reviews of 2026 socio-economic performance and state budget implementation, providing a comprehensive framework for the government's economic management heading into 2027. The directive comes as Vietnam continues navigating regional economic challenges while pursuing its development objectives.