Vietnam Sets Ambitious Economic Growth Targets, Seeks Breakthrough Drivers

Strategic Insights -

Vietnam's economic growth has demonstrated resilience despite global challenges, with a remarkable 7.52% growth in the first half of 2025. To achieve its ambitious target of 8% growth in 2025 and exceeding 10% from 2026 to 2030, the government is seeking new breakthrough drivers. In a keynote speech at the Vietnam Economic Growth Forum 2025, Deputy Prime Minister Nguyen Chi Dung outlined a comprehensive agenda for reforms to enhance transparency, stability, and alignment with international standards. This includes revising laws governing land, minerals, and planning, reviving stalled projects, and leveraging new growth spaces through administrative reforms. The government also aims to promote new economic models, such as free trade zones and financial centres, paired with quality workforce training and global talent networks.

Key Takeaways:

  • Vietnam has set an ambitious growth target of 8% in 2025 and exceeding 10% from 2026 to 2030.
  • The government aims to achieve this target through sweeping reforms, including revising laws governing land, minerals, and planning.
  • Deputy Prime Minister Nguyen Chi Dung outlined a comprehensive agenda to enhance transparency, stability, and alignment with international standards.
  • The government seeks to revive 2,887 stalled projects, tying up over 235 billion USD in capital and 347,000 ha of land, to unlock resources for development.
  • Public investment will act as a catalyst to raise private capital, focusing on modernising infrastructure, accelerating national projects, and promoting renewable and new energy sources.
  • The government aims to leverage new growth spaces through administrative reforms, including merging localities and adopting a two-tier local administration model.
  • New economic models, such as free trade zones and financial centres, will be promoted, paired with quality workforce training and global talent networks.
  • The government aims to make Vietnam a secure, attractive destination and regional and global hub for manufacturing, services, and innovation.

Statistics:

  • Vietnam's economic growth in the first half of 2025 reached 7.52%, the highest in 15 years.
  • The country aims to achieve a GDP growth of 8% in 2025 and exceeding 10% from 2026 to 2030.
  • 2,887 stalled projects, tying up over 235 billion USD in capital and 347,000 ha of land, require urgent revival to unlock resources for development.

Sources:

  • Vietnam Economic Association
  • Vietnam Association of Small and Medium Enterprises
  • Vietnam Economic Times
  • Vietnam News Agency
  • "Vietnam sets target for GDP growth of 8% in 2025 and exceeding 10% from 2026 to 2030" (Source: Vietnam News Agency)