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Vietnam sticks to 8% GDP growth target amid global uncertainties

10 Mar '25
1 min read
Vietnam sticks to 8% GDP growth target amid global uncertainties
Pic: Adobe Stock

Insights

  • Vietnam's primary goal is to strongly promote economic growth to ensure a minimum of 8-per cent GDP growth this year and achieve double-digit growth in the coming years, PM Pham Minh Chinh told a recent review meeting.
  • He suggested enhancing transparency, fair competition and the attractiveness of the economy while strengthening the country's self-reliance and resilience amid global uncertainties.
Vietnam’s primary goal is to strongly promote economic growth to ensure a minimum of 8-per cent gross domestic product (GDP) growth this year and achieve double-digit growth in the coming years, Prime Minister Pham Minh Chinh told a review meeting in Hanoi recently.

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

He stressed on the need to further enhance substantive and effective trade and investment cooperation with major strategic partners, including the United States, France, Europe, Japan, South Korea and China.

It is imperative to introduce proactive solutions to balance trade with other countries and continue promoting the signing of trade and investment protection agreements, he was cited as saying by domestic media reports.

The prime minister suggested enhancing transparency, fair competition and the attractiveness of the economy while strengthening the country’s self-reliance and resilience amid global uncertainties.

Priority should be accorded to resolving outstanding concerns and obstacles faced by partners, especially long-standing issues in major projects, he added.

ALCHEMPro News Desk (DS)

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