Beyond “natural” growth, Vietnam is expected to find fresh opportunities through its strong determination for institutional reform and resolute leadership. “This is not just a slogan. The commitment to stronger, timelier institutional reform with new mindsets and approaches was demonstrated through concrete actions in 2024. This provides a solid foundation to believe that this zeal will persist and become a growth driver in the final year of the 2020-2025 social and economic development plan,” said Phan Duc Hieu, full-time member of the National Assembly Economic Committee. 2024 review: Behind the achievements The Saigon Times: To envision the future, one should review the past. How do you assess Vietnam’s economic growth in 2024? Phan Duc Hieu: As anticipated, Vietnam’s socio-economic results in 2024 were notably positive compared to 2023. By now, 14 out of 15 key targets set in the National Assembly’s Resolution 103/2023/QH15 have been achieved or exceeded. A significant highlight is that after three years of falling short, the productivity increase target was finally surpassed. If GDP growth in 2024 exceeds 7% (surpassing the National Assembly’s target of 6%-6.5%), the per capita GDP target will also be met. This means the Government will achieve and exceed all 15 targets […]