Vietnam’s 10% growth drive runs into economic realities

A tourist walks past a souvenir shop in Hanoi on May 5. President To Lam has called for measures to encourage foreign visitors in Vietnam to spend more, while persuading Vietnamese to holiday domestically. (Photo by Ken Kobayashi) Economists warn rapid expansion could fuel inflation and expose structural weaknesses HANOI — Earlier this month, Vietnam announced that its gross domestic product grew a mighty 8.2% in the first half of 2026, accelerating from 7.5% in the same period a year earlier.

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