Gov't resolved to raise GDP growth to 8.3–8.5% in 2025
VGP - The Government is resolved to achieving GDP growth rate of 8.3–8.5 percent in 2025, aiming to build strong momentum for double-digit growth between 2026 and 2030, Prime Minister Pham Minh Chinh said.
Prime Minister Pham Minh Chinh addresses virtual meeting with leaders of 34 provinces and cities, Ha Noi, July 16, 2025 - Photo: VGP/Nhat Bac
Pham made the above statement while addressing a virtual meeting with leaders of 34 provinces and cities on Wednesday to debate on growth scenarios in 2025.
To materalize the aforesaid goal, the economy needs to expand 8.9-9.2 percent and 9.1-9.5 percent in the third and the fourth quarter, respectively.
Viet Nam's GDP was estimated to grow by 6.93 percent in January-March period, the highest growth rate in the first quarter since 2020, official data shows.
The country's economy will be the standout among the ASEAN-6, growing at a faster pace relative to its peers over the next few years, according to the Oxford Economics.
Manufacturing fundamentals remain strong. Viet Nam is a hub for assembly, packaging, and testing for semiconductor chips, and the chip-led tailwind will continue next year, though the boost will be weaker than in 2024. The Oxford Economics expect some softness in the near-term./.
