HANOI, June 29 (Xinhua) -- The Vietnamese government has set a gross domestic product (GDP) growth target of 11.9 percent for the second half of 2026 to achieve double-digit economic growth for the full year, local daily Tien Phong reported Monday.

Aerial photo taken on Dec. 1, 2021 shows the train running on the Cat Linh-Ha Dong metro line in Hanoi, capital of Vietnam. (Photo: Xinhua)

The target was outlined in a resolution issued on Saturday, which updates the country's economic growth scenario and sets out key measures for the remaining quarters of the year while maintaining macroeconomic stability.

Under the updated scenario, electricity production is expected to grow by 16.9 percent in the second half of the year, while construction is targeted to expand by 17.6 percent, accommodation and food services by 17.3 percent, and finance, banking and insurance by 14 percent.

The government has instructed the Ministry of Finance to continue implementing an appropriately expansionary and targeted fiscal policy and submit proposals to the government by the end of this month to flexibly adjust certain taxes on gasoline, oil and aviation fuel in line with global price movements.