HCMC – Vietnam’s economy is expected to expand to US$500 billion by 2025, a 1.45-fold increase against 2020, according to the prime minister.
At a national conference on October 20 on the resolution adopted at the 10th plenum of the Party Central Committee, Prime Minister Pham Minh Chinh highlighted the anticipated economic achievements for the five-year period from 2021 to 2025.
As part of the broader 10-year socio-economic development strategy from 2021 to 2030, Vietnam is targeting an average annual economic growth rate of 6%, with GDP per capita projected to rise to around US$4,900 by 2025, a 31.7% increase over 2021.
According to the most recent statistics of the World Bank, the Vietnamese economy is forecast to grow to around US$500 billion by 2025, a 1.45-fold increase compared to 2020, ranking 33rd in the world and 4th in the ASEAN region.
The year 2025 is identified as a pivotal year for accelerating growth, with the Government aiming for a GDP growth rate of 6.5% to 7%, and even potentially achieving 7% to 7.5%. Additionally, the consumer price index (CPI) is targeted at around 4.5%.
