A series of international organizations have provided optimistic forecasts for Vietnam’s GDP growth in 2025.
The international organization has made an optimistic forecast for Vietnam’s GDP growth in 2025. Picture: Hai Nguyen
Optimistic GDP Growth Projections for Vietnam in 2025
Recently, the Government has proposed that the Central Committee and the National Assembly aim for a GDP growth rate of at least 8% in 2025, with a target of double-digit growth in the following years. The Central Committee issued Conclusion No. 123 on January 24, the National Assembly passed a resolution on February 19, and the Government assigned growth targets for 2025 to localities and ministries.
Speaking with Lao Động, Dr. Lê Duy Bình, Director of Economica Vietnam, assessed that Vietnam has the potential to achieve its goal of over 8% growth in 2025. However, this is not an easy target and requires significant effort from all economic stakeholders. To reach this goal, it is crucial to identify key drivers of growth.
“First, public investment must be highlighted. This is one of the main drivers of economic growth. Effective disbursement of public investment capital in 2025 will be essential. Alongside boosting public investment, it is necessary to mobilize private investment efficiently.
Domestic consumption is also a crucial growth driver, contributing to increased revenue in services and retail. Additionally, exports remain a key source of foreign exchange earnings and a major growth driver for the economy,” analyzed Dr. Lê Duy Bình.
Assessing Vietnam’s growth target, Mr. Suan Teck Kin, Head of Market Research and Global Economics at UOB Bank (Singapore), believes that achieving 8% or even double-digit growth is entirely possible, drawing from the experiences of Singapore and China. This is particularly true given Vietnam’s strong momentum in 2024, with GDP growth exceeding 7%.
Previously, the Asian Development Bank (ADB) maintained a positive outlook on Vietnam’s economic growth and raised its 2025 forecast from 6.2% to 6.6%.
ADB’s forecast is based on Vietnam’s strong export performance, including the manufacturing sector, solid foreign direct investment (FDI) inflows, and favorable global monetary adjustments and commodity prices (including crude oil prices).
From another perspective, the World Bank (WB) also projects Vietnam’s GDP growth to be around 6.5% in 2025, once again making Vietnam one of the fastest-growing economies in the East Asia-Pacific region. Compared to other countries in the region, Vietnam’s GDP growth is expected to surpass that of the Philippines (6.1%), Cambodia (5.5%), Indonesia (5.1%), and Thailand (2.9%).
According to the International Monetary Fund (IMF), Vietnam’s economy is projected to reach a size of $506 billion in 2025, ranking 33rd globally.
Source: Thạch Lam – laodong.vn