Government assesses world developments, sticks to 8% GDP growth target

VOV.VN - The government of Vietnam assessed the global economic landscape and reaffirmed its commitment to maintaining the 8% growth target in 2025 to create momentum for double-digit growth in the coming years, at its review meeting in Hanoi on March 8.

In his speech at the meeting, Prime Minister Pham Minh Chinh emphasized that Vietnam’s primary goal is to strongly promote economic growth to ensure a minimum of 8% GDP growth this year and achieve double-digit growth in the coming years.

This goal, he said, must be closely linked to maintaining macroeconomic stability, ensuring major economic balances, implementing effective social policies, and preserving environmental sustainability.

The Prime Minister highlighted the need to further enhance substantive and effective trade and investment cooperation with major strategic partners, including the United States, France, Europe, Japan, the Republic of Korea, and China.

It’s imperative to introduce proactive solutions to balance trade with other countries and continue promoting the signing of trade and investment protection agreements, he said.

Amid global uncertainties, the PM suggested enhancing transparency, fair competition, and the attractiveness of the economy while strengthening the country’s self-reliance and resilience.

He emphasized the guiding principle of upholding national interests, safeguarding the country proactively—from afar and before risks arise.

He also stressed the importance of maintaining a steadfast, proactive, and flexible diplomatic approach, engaging in cooperation and negotiations through direct meetings, virtual exchanges, and delegation visits at all levels, in the spirit of benefit harmonizing and risk sharing.

Priority should be given to resolving outstanding concerns and obstacles faced by partners, especially long-standing issues in major projects, said the PM.

The Government leader assigned specific tasks to ministries, sectors, and localities, emphasizing the need to strongly promote diplomatic, defence, security, economic, and banking solutions.

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