The Government issued Resolution 25/NQ-CP on February 5, 2025 on the socio-economic development goals for this year. Accordingly, the nation’s GDP growth target has been revised up from 6.5-7% to at least 8%, aiming to establish a solid springboard for achieving double-digit growth in the 2026-2030 period. This goal is considered quite challenging given the current global economic uncertainties. Growth targets are clearly defined GDP is contributed by consumption (C), investment (I), government spending (G), and net trade (X-M). Estimates suggest that consumption contributes 50-55%, investment 30-35%, government spending around 10%, and net trade about 5%. Therefore, to drive GDP growth, the Government needs to strongly focus on boosting consumption and investment while also enhancing trade. According to the Ministry of Planning and Investment’s plan, to achieve a growth rate of 8% or above, total retail sales revenues from goods and services (at current prices) must increase by at least 12% this year. Total investments must reach at least US$174 billion, growing by about 15% and representing 33.5% of GDP. This includes an estimated US$36 billion in public investment (VND875 trillion, or VND84.3 trillion higher than the 2025 plan), about US$96 billion in private investment, US$28 billion in foreign direct […]
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