Growth target of 8.5% poses major challenge

Speaking at a press conference held in Ha Noi on October 6, Nguyen reported that Viet Nam's GDP in Q3 increased by 8.23 percent compared to the same period last year.

She said that Viet Nam's economy will continue to face multiple challenges due to its high degree of openness, making it susceptible to external shocks—including global economic volatility, geopolitical tensions, health crises, and climate-related events.

Key policy priorities

To achieve this year's growth target, Viet Nam needs to continue pursuing the following major orientations: maintaining macroeconomic stability and ensuring major economic balances; enhancing economic resilience through scenario planning for growth, inflation, exchange rates, and interest rates; adopting a coordinated fiscal and monetary policy approach; accelerating public investment disbursement in the remaining months of 2025, particularly for key national infrastructure projects; resolving longstanding project bottlenecks and improve productivity, quality, and innovation in both industrial and service sectors; promoting digital platforms and e-commerce to expand trade and improve product distribution.

During the first nine months of 2025, GDP grew by 7.85 percent year-on-year—second only to the 9.44 percent of the same period in 2022, which marked the highest growth from 2011 to 2025.

Specifically, agriculture, forestry, and fisheries grew by 3.74 percent, contributing 5.04 percent to the overall value-added growth. Industry and construction expanded by 9.46 percent, accounting for 46.41 percent of the total growth. Services posted a strong performance, growing by 8.56 percent and contributing 48.55 percent to the overall GDP growth.

On August 5, the Government raised its growth goal for 2025 to between 8.3 and 8.5 percent, up from the previously announced 8 percent. 

The Government targeted to achieve double-digit GDP growth from 2026./.