Vietnam aims to achieve economic growth of 8.3–8.5 percent this year, setting the stage for double-digit expansion between 2026 and 2030, Prime Minister Pham Minh Chinh told a conference on Wednesday, The Investor has reported→view source.
Key details:
- The government had previously set a target of at least 8 percent GDP growth for 2025.
- Prime Minister Chinh said a new resolution will be developed that outlines detailed growth targets and management scenarios.
- Vietnam’s GDP grew 7.52 percent in the first half of 2025, the highest H1 growth since 2011.
- Q2 growth reached 7.96 percent, the second highest in the 2020–2025 period.
- Key growth drivers like Hanoi and Ho Chi Minh City are now expected to achieve 8.5 percent growth, while Quang Ninh aims for 12.5 percent and Thai Nguyen 8 percent.
- State-owned enterprises are being pushed to grow about 0.5 percent higher than earlier targets.
- Total investment capital disbursement in H2 should reach US$111 billion, US$3 billion higher than previous plans.
- Public investment disbursement is expected to be about US$28 billion; private domestic investment around US$60 billion, up US$3 billion.
- Registered FDI capital should hit US$18.5 billion, with disbursed FDI at about US$16 billion.
- The State Bank of Vietnam may adjust the 2025 credit growth target (currently around 16 percent) to ensure capital flows into priority sectors.
- A VND 500,000 billion (US$19.12 billion) loan package will support infrastructure, digital technology investment, and social housing loans for young people.