Fashion
Vietnam’s Finance Ministry pegs 2026 GDP growth target at 10%
In its recent report to the government, the ministry said all 15 key indicators of the economy are expected to achieve target.
Vietnam’s Ministry of Finance has drafted a socio-economic development plan for next year, setting the GDP growth target at 10 per cent—a sharp rise over this year’s expected growth.
GDP per capita is projected at $5,000 in 2026, inflation at around 5 per cent and poverty reduction at 1-1.5 per cent.
The plan outlined 10 key policies, including institutional reforms and ensuring macroeconomic stability.
GDP growth is projected to reach at least 8 per cent this year, with per capita income rising to $5,000 and inflation staying at around 4 per cent, providing the launch pad for double-digit growth in 2026.
GDP per capita is projected at $5,000 in 2026, inflation at around 5 per cent and poverty reduction at 1-1.5 per cent.
However, the double-digit growth target is far more ambitious than forecasts by international institutions.
The draft plan outlined 10 key policies. These include hastening institutional reforms, ensuring macroeconomic stability, shifting to a new growth model, accelerating investment in infrastructure, enhancing human resource quality, and advancing science, technology and innovation.
The ministry noted that economic hubs like Hanoi, HCM City, Da Nang, Hai Phong, Dong Nai and Lam Dong would need to post double-digit growth to generate momentum for the broader economy, a domestic news outlet reported.
Vietnam’s economy expanded at 7.52 per cent in the first half this year—the highest recorded during the 2011-25 period.
Fibre2Fashion News Desk (DS)
Economic momentum remained strong at the end of 2025, with real GDP expanding 8.4 per cent year on year (YoY) in the fourth quarter, the fastest pace in several years. Growth was driven by robust export-oriented industrial production. Credit growth surged to 19.4 per cent YoY by December, well above deposit growth of 14 per cent, SBV said in a release.
Vietnam’s interbank rates, which rose sharply in late 2025, are expected to ease in 2026 as credit growth and economic momentum cool.
GDP expanded 8.4 per cent year on year in Q4, while credit growth of 19.4 per cent outpaced deposits.
Despite a strong 2025, US tariff risks remain.
The SBV is likely to keep rates steady while targeting slower credit growth.
While Vietnam enters 2026 on a positive footing after achieving an estimated 8 per cent growth in 2025, external risks remain significant for the export-driven economy. Goods exports to the US, which account for around 30 per cent of the total, face the lagged impact of 20 per cent reciprocal tariffs, uncertainty over transshipment duties, and the risk of additional sectoral measures, including possible semiconductor levies.
Monetary authorities have signalled a cautious policy stance for 2026 despite an official GDP growth target of 10 per cent, which analysts view as difficult to achieve. Growth is expected to moderate to around 6.5 per cent, while the SBV has set a lower credit growth target of 15 per cent to limit overheating and resource misallocation risks.
The refinancing rate is expected to remain unchanged at 4.50 per cent, though the possibility of an unexpected rate hike cannot be ruled out if liquidity strains persist.
Fibre2Fashion News Desk (HU)
Published
January 16, 2026
Moncler and Rick Owens have unveiled their first-ever summer collection, expanding their ongoing collaboration with a warm-weather offering inspired by Berlin’s brutalist architecture and Moncler’s outdoor expertise.
Designed as a lightweight, warm-weather uniform, the collection reflects Rick Owens’ vision of where nature and city meet, described by Owens’ as “brucolic.”
Notably, as part of the Spring/Summer 2026 lineup, kilt-style shorts and slinky, asymmetric jersey skirts are paired with tonal hiking socks and Trailgrip Megalace sneakers, reinforcing the collection’s emphasis on movement and adaptability. The color palette is characterized by black, dark dust, vintage olive, and a bold carnelian red, which appears for the first time in this season’s collaboration.
Other collection highlights include quilting and graphic embroidery, lightweight outerwear in leather and nylon, as well as summery windbreakers and relaxed jerseys that play with proportion and silhouette. Consistent with the designer’s ethos, the collection embraces gender-neutral styling across relaxed bombers and nipped-in, cropped styles, with exaggerated shoulders. Completing the collection are accessories including sunglasses, quilted bucket hats, caps, and waistbags.
The collection launches with a series of intimate images shot by Juergen Teller, featuring Rick Owens and his wife and longtime muse Michèle Lamy, alongside Teller himself and his wife and creative partner Dovile Drizyte. The candid photographs capture moments of affection, reinforcing themes of love, passion, and human connection.
The collection is now available online, as well as in selected Moncler boutiques, Rick Owens flagship stores, and select retailers worldwide.
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