Vietnam targets 8% GDP growth by 2025

Vietnam's government is aiming for a minimum GDP growth of 8% in 2025, with plans for structural adjustments and enhanced decentralization to support this target. Minister of Planning and Investment Nguyen Chi Dung emphasized the need for innovative approaches to achieve sustained economic growth, particularly in key regions and cities. Concurrently, Standard Chartered forecasts Vietnam's economy will grow by 6.7% in 2025, although growth is expected to moderate from 7.5% in the first half of 2024. Meanwhile, Vietnam faces challenges from global trade volatility and tightened U.S. trade policies, which are pressuring exporters. The government has outlined comprehensive solutions to meet growth targets despite these hurdles. Insiders stress the importance of proactive steps to mitigate the effects of market instability on production and exports.