Vietnam eyes 8.3–8.5% GDP growth in 2025

(ĐN)- On July 16, Prime Minister Pham Minh Chinh chaired an online national conference with provincial authorities to discuss growth scenarios and action plans for Vietnam’s 2025 economic targets.

Also attending the event were Standing Deputy Prime Minister Nguyen Hoa Binh, Deputy Prime Minister Tran Hong Ha, along with leaders from ministries, sectors, national corporations, and state-owned groups.

Prime Minister Pham Minh Chinh speaks at the conference.

At the Dong Nai provincial People's Committee meeting point, Chairman Vo Tan Duc and Vice Chairman Le Truong Son joined with department heads to follow the discussion and contribute local perspectives.

Chairman Vo Tan Duc chairs the provincial People's Committee meeting point.

During the conference, two main scenarios for economic growth were presented. The first outlines a full-year GDP growth of 8%, assuming third quarter growth of 8.3% and fourth quarter at 8.5%, bringing the national GDP to over US$508 billion and per capita income above US$5,000.

In the second, more ambitious scenario, growth is expected to reach between 8.3–8.5%. For this to happen, third quarter would need to grow by 8.9–9.2%, and fourth quarter by 9.1–9.5% year-on-year. Under this projection, the national GDP could exceed US$510 billion in 2025.

Prime Minister Pham Minh Chinh gave directives at the conference.

Speaking at the event, Prime Minister Pham Minh Chinh acknowledged the country's persistent challenges. Thanks to joint efforts across the political system, the private sector, and the people, Vietnam’s economy still managed to grow 7.52% in the first half of 2025.

Based on this momentum, the government is setting its sights higher, aiming for 8.3–8.5% growth for the whole year. Achieving this would not only lay a firm foundation for the economy to accelerate into double-digit growth during 2026–2030 but also help fulfill the country’s long-term strategic development goals.

To realize this vision, the Prime Minister emphasized the need to revitalize traditional growth drivers such as domestic consumption, investment, and exports, while at the same time accelerating new growth engines like green economy, circular economy, and digital transformation. He called on all ministries, sectors, enterprises, and localities to align their efforts and moving forward.

Furthermore, he instructed provinces, cities and enterprises to contribute directly to the government’s draft resolution. Accordingly, the government will issue a new resolution on assigning growth targets and coordinating a unified growth scenario nationwide.

Reported by V.The