According to Resolution No. 25/NQ-CP dated February 5, 2025, on sectoral, industrial, and regional growth objectives, the Government has set specific growth targets to ensure that the national economy expands by at least 8% in 2025.
Prime Minister Pham Minh Chinh has called on ministries and sectors to promptly, rigorously and effectively implement coordinated measures to stimulate production and business activities, generate employment and livelihoods and achieve an economic growth target of at least 8 per cent in 2025.
The Vietnam Oil and Gas Group (Petrovietnam) will continue putting in place many measures concertedly to achieve its growth targets in the last six months of this year.
The Thai government is targeting economic growth of up to 4.2 percent under its medium-term fiscal policy framework for 2023-26, and plans to maintain a budget deficit to help the fragile economy.
Ho Chi Minh City’s economy needs to pick up pace to achieve this year’s growth targets, heard a meeting held on October 1 to review the city’s socio-economic development in the first nine months.
Prime Minister Nguyen Xuan Phuc has urged the Mekong Delta province of Soc Trang to work out proper measures to fulfill its set growth targets, especially gross domestic product (GDP) and provincial competitiveness index (PCI).
Although Vietnam’s economy maintained an uptrend in the first five months of 2018, growth rates in some industries have slowed down, making it difficult for the country to achieve this year’s targets.
The Standard Chartered Bank has highlighted bright economic prospects of ASEAN nations whose governments have actively invested in infrastructure projects, thus helping spur growth in both short and long terms.
