PM: Vietnam aims to achieve 8% GDP growth rate in 2025

In addition, Vietnam plans to complete at least 3,000 km of expressways, largely finish the Long Thanh Airport, and complete other major infrastructure projects, while also eliminating temporary and dilapidated houses nationwide, said the PM at a national conference in Hanoi on December 1.

According to the Government chief, these goals are considered crucial foundations for Vietnam to enter a new era, striving towards becoming a prosperous and wealthy economy.

In his view, 2025 is seen as a year of acceleration and breakthrough, focusing on overcoming difficulties and challenges, with economic stability serving as the foundation for driving development.

The ultimate goal is to achieve the highest possible results for the targets and objectives set in the 2021-2025 socio-economic development plan, said the PM.

Priority will be given to accelerating economic growth, controlling inflation, ensuring major balances, and maintaining a high surplus, he went on to say.

To meet these goals, the Prime Minister emphasized that it is essential to continue perfecting the institutional framework, which he described as the “breakthrough of breakthroughs”, streamline the administrative apparatus, and formulate policies that encourage officials to think, act, and take responsibility for the common good.

He suggested strengthening the innovation of the growth model, restructuring the economy, and improving productivity, quality, and competitiveness.

In addition, he highlighted the need to promote the development of strategic infrastructure, particularly key national projects, and seek to effectively exploit space, marine, and underground resources. Ensuring stable electricity supply is also crucial to meet both current and long-term production and consumption needs.

Regarding the socio-economic situation in 2024, the Prime Minister stated that despite the complex developments globally, Vietnam’s economy has shown positive recovery with many outstanding results.

It is expected that all 15/15 socio-economic development targets will be achieved and exceeded, with GDP growth estimated to be above 7%, placing Vietnam among the top in the region and the world, he said.  

The macroeconomy remains stable, with inflation kept below 4%, and major balances are ensured. Rice exports over the past 11 months reached 8.5 million tonnes, bringing in more than US$5.3 billion, a strong increase compared to the same period last year.

In 2024, the value of Vietnam’s national brand hit US$507 billion, ranking 32nd out of 193 countries, up one notch compared to the previous year.

The total trade turnover for the year is expected to exceed US$807 billion, the highest ever, with a trade surplus of over US$23 billion.

State budget revenue is expected to exceed 10% of the estimate, while foreign direct investment is estimated at US$31 billion, the highest in many years.