VINACHEM

The Government is resolved to achieving GDP growth rate of 8.3–8.5 percent in 2025, aiming to build strong momentum for double-digit growth between 2026 and 2030, Prime Minister Pham Minh Chinh said.

Pham made the above statement while addressing a virtual meeting with leaders of 34 provinces and cities on Wednesday to debate on growth scenarios in 2025.

To materalize the aforesaid goal, the economy needs to expand 8.9-9.2 percent and 9.1-9.5 percent in the third and the fourth quarter, respectively.

Viet Nam's GDP was estimated to grow by 6.93 percent in January-March period, the highest growth rate in the first quarter since 2020, official data shows.

The country's economy will be the standout among the ASEAN-6, growing at a faster pace relative to its peers over the next few years, according to the Oxford Economics.

Manufacturing fundamentals remain strong. Viet Nam is a hub for assembly, packaging, and testing for semiconductor chips, and the chip-led tailwind will continue next year, though the boost will be weaker than in 2024. The Oxford Economics expect some softness in the near-term./.  – Source: VGP