HCMC – The Government issued a resolution on February 5, setting a target for all 63 provinces and cities to achieve a gross regional domestic product (GRDP) growth rate of at least 8% this year, according to local media reports.
The resolution emphasizes that 2025 is a pivotal year for accelerating economic growth and meeting key targets, marking the final phase of the 2021-2025 socio-economic development plan.
While the global and regional outlook remains unpredictable, with an uneven and fragile economic recovery and rising risks, Vietnam’s economy is still expected to maintain positive growth, despite a mix of challenges and opportunities.
To build a strong foundation for double-digit growth in the 2026-2030 period, the Government has set an 8% minimum growth target for all provinces and cities.
Among them, Quang Ninh, Haiphong City, Ninh Binh, Bac Giang, and Ninh Thuan are expected to lead, with a minimum growth rate of 12% in 2025.
A second group of localities, including Hai Duong, Ha Nam, Nam Dinh, Dien Bien, Thanh Hoa, Nghe An, Danang City, Khanh Hoa, Kon Tum, and Binh Duong, is expected to achieve a growth rate of 10% or more.
Hanoi and HCMC have the lowest GRDP growth targets set by the Government, at 8% and 8.5%, respectively. Hanoi’s target is higher than its previous self-set goal, while HCMC’s is lower.
During the 20th session of the Hanoi People’s Council on December 10, 2024, a resolution was passed setting Hanoi’s 2025 GRDP growth target at 6.5%.
On December 4, 2024, HCMC set its GRDP growth target at 10% during the 34th meeting of the Executive Committee of the HCMC Party Committee, with the digital economy expected to contribute over 25% to GRDP.
