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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.

Posts Kim Anh

July 16, 2025 11:29 AM GMT+7
Gov't resolved to raise GDP growth to 8.3–8.5% in 2025- Ảnh 1.

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./.