Vietnam will officially revise its GDP growth target for 2025 to 8.0%, up from the previous range of 6.5%–7.0%, Minister of Planning and Investment Nguyen Chi Dung announced on Wednesday.
Speaking in parliament, Dung projected imports and exports to grow by 12% this year, with an estimated trade surplus of $30 billion. The Southeast Asian manufacturing hub recorded GDP growth of 7.09% in 2024, cementing its position as one of the fastest-growing economies in Asia.
According to Dung, industrial manufacturing and foreign investment will be the key drivers of economic expansion this year. Foreign direct investment (FDI) inflows are expected to reach $28 billion, while domestic retail sales are forecasted to increase by 12%.
Despite the positive outlook, Dung emphasized that Vietnam still faces economic challenges in 2025. The government will prioritize inflation control and macroeconomic stability, with inflation projected at 4.5%–5.0%.
The revised GDP growth target remains subject to parliamentary approval.
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Source: Vietnam Insider