Hanoi, June 29 -- Chairman of Indian Business Chamber in Viet Nam - Ha Noi Branch (INCHAM Ha Noi) Navendu Kumar made the assessment while speaking about Viet Nam's ambition to attain growth of 10 percent or higher in the 2026-2030 period.

Central engine for growth

Navendu Kumar said that Viet Nam has set an ambitious target of double-digit growth. From our perspective at INCHAM, this goal represents a strategic move to escape the middle-income trap and to enter a higher development trajectory. For such growth to be sustainable over the long term, we see these three foundational conditions are necessary.

First, comprehensive institutional reform must be the central engine. What most of our investors are struggling today is no longer a l...