Vietnam Targets Minimum 8% GDP Growth in 2025
- brg_news_room
- May 6
- 1 min read
VIETNAM: Vietnam is aiming for a GDP growth rate of 8% or higher in 2025, with projections placing the national economy at over US$500 billion—potentially elevating the country's global ranking to 30th, two spots higher than in previous years.
The government also targets raising GDP per capita above $5,000 this year. These goals were highlighted in a supplementary report on the 2024 socio-economic development plan and the preliminary 2025 outlook, delivered by Prime Minister Phạm Minh Chính at the opening of the 9th session of the 15th National Assembly on Monday in Hà Nội.
According to Chính, Vietnam’s GDP grew by an estimated 6.93% in the first quarter of 2025—the highest quarterly growth rate of the 2020–2025 period—with some provinces recording double-digit growth. The country maintained macroeconomic stability during the first four months, with inflation under control and key economic balances preserved.
State budget revenues exceeded VNĐ944 trillion (US$36.3 billion), achieving 48% of the annual target and representing a 26.3% increase year-on-year.
Foreign trade is forecasted to surpass US$275 billion, reflecting a 15% rise. By the end of 2025, the government plans to complete more than 3,000 km of expressways and over 1,000 km of coastal roads, while accelerating construction on the North–South Expressway (2021–2025 phase) and strategic East–West transport corridors.
Source: Vietnam news
