Vietnam Targets Soaring 8.3–8.5% GDP Growth for 2025

HANOI, July 16 (Reuters) – Vietnam has set an ambitious GDP growth target of 8.3–8.5% for 2025, marking a sharp rise from last year’s 7.09%, in a bid to lay the groundwork for double-digit growth during 2026–30. Prime Minister Pham Minh Chinh said at a cabinet meeting that achieving the target would require mobilising traditional engines—domestic consumption, exports, and investment—as well as accelerating green growth and the digital economy.

Q2 economic data supports the optimism: GDP grew 7.96% year‑on‑year, up from 6.93% in Q1, driven largely by booming exports and resilient domestic demand.

However, risks persist. Trade tensions with the United States, global supply‑chain disruptions, and climate vulnerabilities could derail growth, government officials warned . On the forefront, negotiations on a partial US‑Vietnam trade deal are underway, including tariff reductions aimed at cushioning export sectors.

Policy-makers have pledged stronger regulatory reforms to remove investment bottlenecks and accelerate green and digital transitions. Provincial authorities have received instructions to coordinate closely and unlock regional potential .

For exporters, the strategy offers both opportunity and pressure: they could benefit from expanded global demand—if Washington’s tariff terms are realised—but must also brace for volatility. With just two quarters left to meet the target, all eyes are on Vietnam’s execution of growth-driving measures and global economic shifts.