Vietnam long‑term development strategy

In early July 2026, Vietnamese leaders outlined a high‑income ambition for 2045, stressing that rapid, productive and sustainable growth depends on expanding both hard infrastructure—industrial parks, ports, airports, logistics networks, energy supply and modern urban systems—and soft infrastructure such as governance, long‑term financing and international reputation. Natural assets – coastline, fertile land and water resources – were presented as foundations for food security, renewable energy, fisheries and maritime logistics, provided they are paired with technology, innovation and effective management. Later that month, Politburo Resolution No. 16‑NQ/TW was approved, setting a development plan for Dong Nai city through 2035 with a vision to 2065. The plan aims to broaden the local economy, boost industrial capacity, improve the investment climate and upgrade infrastructure, while also advancing education, health, social welfare and defence. It acknowledges current shortcomings such as an unsustainable economic structure, low technological content and inadequate infrastructure, and calls for new institutional mechanisms, decentralised governance and a strong party system to drive innovation and resource mobilisation. On 22 July 2026, Deputy Prime Minister Nguyen Van Thang signed a decision approving a 2035 development plan for a Vietnam International Financial Centre (IFC). The roadmap outlines a phased build‑out of a specialised legal and supervisory framework, digital infrastructure and priority financial products from 2026‑2030, followed by expansion of capital‑market, green‑finance, digital‑finance and fintech ecosystems through 2035, targeting a top‑75 global ranking with Ho Chi Minh City as a capital‑market hub and Da Nang for complementary services. Two days later, on 24 July 2026, the government confirmed the VIFC plan, detailing three strategic pillars—capital‑market development, asset management and commodity markets—and emphasizing services such as green finance, digital finance, fintech and trade‑linked derivatives. A competitive legal framework, dispute‑resolution mechanisms and international governance standards will be introduced to attract banks, investment funds and other global institutions.