Prime Minister Pham Minh Chinh emphasised that Vietnam will not change its target of achieving economic growth of 8% or higher this year, while simultaneously maintaining macroeconomic stability, ensuring social welfare, and improving people's livelihoods.
To stimulate consumption, it's necessary for Vietnam to implement a range of synchronised policies, including demand-boosting measures, tourism development, and increasing people's incomes through the development of investment and export pillars
A series of Green Transformation Day 2025 events is expected to create a strong influence, raising awareness among the community, businesses and stakeholders about the key role of sustainable development.
The ambitious growth target of at least 8% underscores the government’s strong commitment to socio-economic development during the 2021-2025 period and lays the foundation for long-term prosperity.
An 8% or higher growth rate is necessary to ensure fast yet sustainable growth, along with efforts to maintain macroeconomic stability, control inflation, and balance key economic factors.
Prime Minister Pham Minh Chinh ordered Quang Ngai to strive for an economic growth target of 10-10.5% in 2025 while working with local leaders on February 9 as part of his visit to the central province.
Vietnam will take various actions to achieve a growth rate of at least 8% in 2025 as set by the Government, Deputy Minister of Planning and Investment Nguyen Duc Tam told a regular Government press briefing on January 8.
A representative from the Ministry of Planning and Investment (MPI) emphasised that it is necessary to stimulate domestic consumption in 2025 as it is a crucial task, not only for Vietnam but also for many countries around the world.
Indonesia targets nearly 294.5 billion USD in exports this year to push the country’s economy towards a growth target of 8% set by President Prabowo Subianto.
The Ministry of Finance (MoF) has proposed Vietnam's value-added-tax (VAT) reduction should continue until at least June 2025, saying the tax cut has provided both the business community and the economy with much-needed support.
Many positive signs have been recorded in foreign trade, investment attraction, industrial production, and purchasing power during the first nine months of 2024, enhancing the confidence that this year’s GDP growth target of 7% is within reach.
Vietnam needs to adopt various solutions, particularly those to improve the quality of human resources to increase productivity, in order to achieve the 2024 growth target set by the National Assembly, said Nguyen Thi Huong, head of the General Statistics Office (GSO).
Exports and investments will continue driving Vietnam's economic growth in the remainder of this year, helping the nation realise the growth target of 6-6.5%, according to insiders.
The Government will not change the growth target of 6.5% for 2023 and strive to reach an economic expansion of about 9% in the rest of the year, stated Prime Minister Pham Minh Chinh at a cabinet meeting in Hanoi on August 5.
The National Assembly (NA) Standing Committee and the Government have agreed to propose to the NA to keep this year's growth target unchanged, and Vietnam will strive to realise the set targets, however difficult it may be, said NA Chairman Vuong Dinh Hue.
The 15 free trade agreements (FTAs) to which Vietnam is a member are expected to give a boost to Vietnam’s export activities this year, towards the growth target of 6%.
The targets set for 2022, including the growth target of 6-6.5 percent, remain a huge challenge given the domestic and international situation, Deputy Prime Minister Le Van Thanh said at the third session of the 15th National Assembly in Hanoi on May 23.
The Asia Commercial Joint Stock Bank (ACB) has set a growth target of over 10 percent in pre-tax profit to more than 10.6 trillion VND (461.5 million USD) this year.
Vietnam’s GDP growth in the first quarter of 2021 is forecast to come in at 4.46 percent; 0.66 percentage points below the target set in the Government’s Resolution No 01 in a scenario where the COVID-19 pandemic is controlled during the quarter.
