Despite favorable internal and external factors, Vietnam’s economy is unlikely to achieve 8% growth in 2025 effortlessly. Reaching this target will require significant effort from all sectors of the economy, said Dr. Le Duy Binh, managing director of Economica Vietnam, in a discussion with The Saigon Times. 2025 growth could surpass 2024 The Saigon Times: Around this time last year, you were among those optimistic about Vietnam achieving its 7% economic growth target in 2024. What are your thoughts on the expectation of 8% growth in 2025? Dr. Le Duy Binh: The Government has set a higher economic growth target for 2025 than the National Assembly-approved goal and the 7.09% growth achieved in 2024. This serves as both motivation and pressure for all stakeholders to strengthen their determination, improve the business environment, support enterprises, maximize potential, mobilize resources, and identify new growth drivers. Vietnam’s economy will benefit from several favorable conditions in 2025. On a global scale, the International Monetary Fund (IMF) projects 3.3% economic growth, as does the Organization for Economic Cooperation and Development (OECD), while the World Bank (WB) forecasts 2.7% growth, consistent with 2023 and 2024 levels. A key positive factor is the anticipated decline in global […]
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