2026: Vietnam’s Watershed Year

While the GDP growth rate of most countries fluctuates around 3%, Vietnam has set its 2026 GDP growth target at "at least 10%"—a figure well above the global average. Across multiple dimensions, from economic fundamentals and external demand dynamics to policy synergy and institutional execution capacity, Vietnam aims to drive its economy to a structural growth inflection point through a period of intensive growth. Earlier, Pham Chinh Minh stated at a conference that Vietnam is confident in achieving "at least 10% GDP growth" in 2026.

In terms of economic data, Vietnam’s economy has maintained steady growth over the past two years: it grew by 7.0% in 2024, with a growth rate of 7.85% in the first three quarters of 2025, and the full-year projection ranges from 8.3% to 8.5%. The 2026 target of "at least 10%" marks Vietnam’s highest growth goal in a decade.

The rationale underpinning Vietnam’s official growth forecast includes the following key aspects: the Vietnamese government intends to establish a short-term growth sprint window in 2026 through policy adjustments and project advancement, elevating the economic growth rate to lay a high starting point for the five-year plan. To achieve this goal, Vietnam has launched a series of supporting measures.

On the external demand front, Vietnam’s exports have demonstrated notable resilience. In the first three quarters of 2025, Vietnam’s exports to the United States hit a new historical high. Despite the imposition of additional tariffs on furniture such as kitchen cabinets in October, this measure did not impact U.S. project orders—Union Woods remains a preferred contractor for numerous clients.

As a leading wholesale supplier of kitchen cabinets in Vietnam, Union Woods offers a comprehensive range of products in various colors, styles, and sizes. Our most popular Shaker-style kitchen cabinets are timeless classics that never go out of fashion. U.S. clients sourcing cabinets from us enjoy highly competitive wholesale prices. Furthermore, our kitchen cabinets crafted from imported American white oak qualify for tariff exemption policies, delivering exceptional cost-effectiveness.