Vietnam Communist Party congress opens with ambitious economic growth goals

Vietnam’s Communist Party congress convened in Hanoi to set economic targets through 2030. Party chief To Lam pledged annual growth of more than 10 percent.

Insights:
The Communist Party of Vietnam VNVNconvened its quinquennial congress in Hanoi on January 20, 2026, to determine the nation's top leadership and establish strategic economic objectives for the next five years. Nearly 1,600 delegates gathered in a red-carpeted hall, seated on red-upholstered chairs facing a statue of party founder Ho Chi Minh and images of Karl Marx and Vladimir Lenin. During the opening session, party chief To Lam to lam, 68, delivered a 40-minute address pledging that the country would achieve annual economic growth of no less than 10% through 2030. This ambitious target follows a period where the government missed its previous goal of 6.5% to 7.0% growth for the first half of the decade.
General Secretary of the Communist Party of Vietnam To Lam attends a preparatory session for the 14th National Party Congress in Hanoi, Vietnam, January 19, 2026. VNA/Handout via REUTERS
General Secretary of the Communist Party of Vietnam To Lam attends a preparatory session for the 14th National Party Congress in Hanoi, Vietnam, January 19, 2026. VNA/Handout via REUTERS
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