Gov't targets GDP growth of 8% in 2025
Viet Nam targets a GDP growth rate of approximately 8 percent in 2025 to create momentum for the two-digit growth rate in the 2026-2030 period, Prime Minister Pham Minh Chinh said on Sunday.
The Government chief underlined that 2025 is regarded as a year of acceleration and breakthrough, focusing on overcoming difficulties and challenges, with economic stability serving as the foundation for driving development.
The ultimate goal is to achieve the highest possible results for the targets and objectives set in the 2021-2025 socio-economic development plan. Specifically, Viet Nam targets annual GDP growth rate of about 6.5-7 percent; per capita GDP of approximately US$4,900; average labor productivity rise of 5.3-5.4 per cent.
The Prime Minister underscored the importance of continued improvement of the institutional framework, which he described as the "breakthrough of breakthroughs".
He also emphasized the importance of streamlining the administrative apparatus, and formulating policies that encourage officials to think, act, and take responsibility for the common good.
The Government is determined to realize the goal of having at least 3,000km of expressways, basically finish the Long Thanh International Airport project, and eliminate temporary and dilapidated housing nationwide.
