Vietnam targets GDP growth rate of at least 8% in 2025

It also aims at raising GDP per capita above $5,000 this year.

The targets were outlined in the supplementary report on the implementation of the 2024 socio-economic development plan and the early 2025 outlook, presented by Prime Minister Pham Minh Chinh during the opening session of the ninth session of the 15th National Assembly recently.

Vietnam is targeting a GDP growth rate of 8 per cent or more this year, with the economy projected to exceed $500 billion in size, raising GDP per capita above $5,000 this year.
GDP growth in Q1 2025 is estimated at 6.93 per cent, the highest for the 2020-25 period.
Macroeconomic stability was largely maintained in January-April, with inflation kept in check and major economic balances secured.

GDP growth in the first quarter (Q1) this year is estimated at 6.93 per cent, the highest for the 2020-25 period, with several localities achieving double-digit growth, Chinh was cited as saying by domestic media reports.

Macroeconomic stability was largely maintained over the first four months of this year, with inflation kept in check and major economic balances secured.

State budget revenue exceeded VNÐ944 trillion (~$36.3 billion) in January-April 2025, meeting 48 per cent of the annual estimate and marking a 26.3 per cent year-on-year (YoY) increase. The total import-export turnover is expected to surpass $275 billion during the period—up by 15 per cent YoY.

The government aims at completing over 3,000 km of expressways and more than 1,000 km of coastal roads by the end of this year. Work is being accelerated on the North–South Expressway projects and key East–West transport corridors.

A National Social Housing Fund will be set up to support the development of affordable housing in major cities, particularly for the young.

Fibre2Fashion News Desk (DS)