Vietnam’s 8%+ GDP growth target for 2025 is well within reach

Despite the IMF revising Vietnam’s GDP forecast to 6.5%, experts affirm the nation has solid foundations and momentum to achieve 8.3% growth in 2025.

Vietnam's growth target is well-founded.

Vietnam has consistently maintained macroeconomic stability, controlled inflation, managed fiscal and trade balances prudently, and kept public debt within safe limits. These fundamentals provide a strong framework for accelerated growth. Domestic strength is reinforced by a thriving private sector, expanding FDI, a young labor force, and steadily improving infrastructure.

Three key growth drivers remain robust: manufacturing and exports, high-tech and green agriculture, and services including record-breaking tourism, e-commerce, and digital finance. Together, these engines form a “growth machine” capable of lifting GDP to 8.3% in 2025.

Vietnam has maintained high growth momentum in recent years. Illustrative photo.

Vietnam has maintained high growth momentum in recent years. Illustrative photo.

Vietnam can completely achieve the GDP target of 8.3% in 2025.

Associate Professor Dr. Nguyen Thuong Lang (National Economics University) noted that GDP grew 7.09% in 2024 and 7.5% in the first half of 2025. Export turnover in August alone exceeded USD 82 billion, with year-end monthly exports expected to reach USD 85-95 billion, pushing annual trade to nearly USD 1 trillion. Public investment is being accelerated, while realized FDI could hit a record USD 30-35 billion this year.

He emphasized that GDP growth of 8.2-8.5% is achievable, given stable trade flows, strong investment, and the absence of major shocks. Forecasts from other institutions, such as Singapore’s UOB Bank, also predict higher growth, up to 7.5%.

For the Ministry of Industry and Trade, experts stress the need to drive 80% of growth by aggressively expanding markets, restructuring toward high-tech industries, and promoting sustainable, green trade to meet ESG and CBAM standards. Cross-border e-commerce and innovation-driven supply chains will be critical to boosting competitiveness.

To meet its 2025 targets, Vietnam must maintain macroeconomic stability, pursue flexible monetary and fiscal policies, accelerate public investment disbursement, strengthen human capital, and diversify markets through FTAs. Linking growth with social equity and sustainability will ensure resilience amid global uncertainties.

Kim Bui
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