Vietnam Targets 10% Annual Growth by 2030 but Faces Lower Official Forecasts and $200 Billion Infrastructure Gap

Vietnam’s economy grew by just over 8% in 2025. Hanoi aims for 10% annual growth by 2030 and high-income status by 2045, a target that would require tripling per capita gross national income. The country faces a $200 billion financing gap for transport, energy and digital infrastructure.

FTSE is scheduled to upgrade Vietnam to secondary emerging market status in September, an action that could draw $3 billion to $5 billion in new equity, according to Techcombank CEO Jens Lottner. 1 trillion in total investment. “There’s no way all these infrastructure investments can be financed by the local banking ecosystems,” he told Fortune.

Techcombank has committed about $3 billion to national infrastructure initiatives, many launched in the past six months. The bank plans to finance early project stages, then restructure and sell portions of the loans to outside investors two to three years later. Techcombank was founded in 1993 by Vietnamese businessmen returning from Russia.

5 million in profit, up 13%. The bank ranks No. 103 on the Fortune Southeast Asia 500, three places higher than last year. Lottner, a German national, became CEO in 2020 after three decades at McKinsey, Boston Consulting Group and Thailand’s Siam Commercial Bank.

He is serving his second term. Last November the bank announced a $1 million scholarship for the winning team of Vietnam’s National AI Challenge. Vietnam loses up to 80% of self-sponsored students who study abroad, according to a 2024 Ministry of Foreign Affairs report.

Vietnam’s middle class accounted for 13% of the population in 2023. Eastspring Investments projects the share could double by 2026. Knight Frank’s 2026 wealth report forecasts the ultra-high-net-worth population will rise almost 60% by 2031, the fourth-fastest rate globally.