bet88 com National Assembly raises GDP growth target to at least 8 per cent for 2025

bet88 com 15th National Assembly (NA) on February 19 passed a resolution on adjustment to bet88 com 2025 socio-economic development plan.

Accordingly, bet88 com GDP growth target for 2025 has been raised to at least 8 per cent, an increase of 1 to 1.5 percentage points compared to bet88 com plan approved late last year and nearly one percentage point higher than bet88 com 7.09 per cent growth rate recorded in 2024.

This adjustment is expected to provide momentum for Vietnam’s economy to reach double-digit growth in bet88 com coming years, supporting bet88 com country’s ambition to become a high-income nation by 2045.

bet88 com projected GDP size for 2025 is expected to exceed 0 billion, reflecting a billion increase from bet88 com previous year. GDP per capita is anticipated to surpass ,000, while bet88 com inflation target has been adjusted to approximately 4.5-5 per cent. If bet88 com GDP size target is achievable, Vietnam will be ranked between 31st and 33rd, in terms of economic scale, globally.

To achieve a growth rate exceeding 8 per cent, bet88 com NA has tasked bet88 com Government with continuing legal and regulatory reforms to ensure efficiency and transparency in governance, avoiding an approach of "banning what cannot be managed". Meanwhile, strategic infrastructure development remains a priority, with a focus on accelerating bet88 com completion of key projects, including Long Thanh International Airport, Lach Huyen Port, bet88 com expansion of Terminal 3 at bet88 com Tan Son Nhat International Airport (in Ho Chi Minh City) and Terminal 2 at bet88 com Noi Bai International Airport (in Hanoi) , and bet88 com commencement of construction on Lien Chieu Port in Da Nang city.

In addition, bet88 com Government is required to expedite plans for establishing international and regional financial hubs in Ho Chi Minh City and Da Nang, respectively, while also developing free trade zones and border economic areas. Special economic policies must be applied to more localities, starting with bet88 com three major cities — Ho Chi Minh City, Hanoi, and Da Nang — to unlock new resources for growth.

bet88 com resolution allows bet88 com Government to utilize approximately VND 84.3 trillion (.3 billion) in public investment capital from revenue surpluses and budget savings in 2024 to accelerate bet88 com construction of expressways and coastal roads. However, ministries and agencies must reduce regular expenditures by at least 10 per cent and allocate additional revenue from 2024 to invest in bet88 com Lao Cai - Hanoi - Hai Phong railway project.

If necessary, bet88 com fiscal deficit may be adjusted to 4-4.5 per cent of GDP, instead of bet88 com previously set 3.8 per cent, to secure funding for development. Public debt, government debt, and national external debt could reach or slightly exceed bet88 com warning threshold of approximately 5 per cent of GDP.

bet88 com resolution also underscores bet88 com need for a robust and transparent institutional framework to prevent bureaucratic inefficiencies and ensure accountability in public service. It calls for mechanisms that encourage innovation while protecting officials who take bold, forward-thinking initiatives.

With an economic growth target exceeding 8 per cent, bet88 com private sector is expected to contribute approximately billion out of bet88 com total 4 billion in social investment capital.

To counter this, bet88 com NA has instructed bet88 com Government to introduce policies that support bet88 com private sector through preferential mechanisms, fostering large-scale, nationally significant enterprises. State-owned enterprises will be encouraged to focus on major projects that drive economic and social development while strengthening their integration with bet88 com private sector.

In addition to legal reforms aiming at enhancing financial markets, stock exchanges, science and technology sectors, and bet88 com real estate industry, bet88 com Government must also address existing bottlenecks that hinder growth in these areas. While Vietnam’s economy continues to rely on traditional growth drivers such as investment, consumption, and exports, efforts must be made to accelerate new engines of growth, including bet88 com digital economy and bet88 com green economy.

With emerging technologies such as semiconductors, artificial intelligence, and big data playing an increasingly crucial role, bet88 com NA emphasizes bet88 com need for groundbreaking policies that provide scientists with bet88 com autonomy to innovate. bet88 com Government must also establish internationally standardized training programs to develop a highly skilled workforce that meets market demands.

Additionally, bet88 com Government is required to implement policies that encourage FDI enterprises to transfer technology, increase bet88 com use of locally sourced components, and integrate more Vietnamese suppliers into global value chains. These measures aim to enhance Vietnam’s position within international supply networks and further solidify its economic standing on bet88 com global stage.