(MPI) - Participating in the discussion in the Group on the Supplementary Project on socio-economic development in 2025 with a growth target of 8% or more taking place on the afternoon of February 14, 2025, the majority of opinions basically agreed with the targets, requirements, and economic growth scenarios in 2025 in the Government's Submission and Report. The submission to the National Assembly to adjust the economic growth target in 2025 demonstrates the Government's determination and efforts in successfully implementing the socio-economic development goals for the 2021-2025 period.
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| Overview of the meeting. Photo: Quochoi.vn |
Previously, at the opening session of the 9th Extraordinary Session of the 15th National Assembly, authorized by the Prime Minister, Minister of Planning and Investment Nguyen Chi Dung presented the Report on the Supplementary Project on Socio-Economic Development in 2025 with a growth target of 8% or more; stating that 2025 is forecasted to have intertwined opportunities, advantages, difficulties and challenges, but more difficulties and challenges, which may have a significant impact on our country's economy. However, in the midst of difficulties and challenges, new opportunities may also appear. Therefore, Vietnam needs to proactively grasp and exploit all opportunities and resources for growth and development.
The Minister emphasized that 2025 is of special importance, being the final year of implementing the 5-year Socio-Economic Development Plan 2021-2025, the year of acceleration, breakthrough and reaching the finish line, and at the same time, the year of focusing on organizing Party Congresses at all levels towards the 14th National Party Congress and consolidating and preparing well the fundamental factors to successfully implement the 10-year Strategy 2021-2030, marking the time when the country enters a new era of development. Therefore, the 2021-2025 targets must be determined to be completed while improving quality and efficiency.
Therefore, the country's GDP growth in 2025 needs to reach 8% or more, contributing to creating a solid foundation for achieving double-digit growth rates for a sufficiently long period, starting from 2026. Growth must be fast but sustainable, maintaining macroeconomic stability, controlling inflation, ensuring major balances; harmonious development between the economy and society and environmental protection, ensuring national defense and security.
Regarding the growth scenario of 8% or more in 2025: Growth in the industrial and construction sector is about 9.5% or more (of which the processing and manufacturing industry increases by 9.7% or more); services increase by 8.1% or more; agriculture, forestry and fishery increase by 3.9% or more). Economic sectors grow about 0.7-1.3% higher than in 2024; industry and construction, especially the processing and manufacturing industry, continue to be the driving force for growth.
GDP scale in 2025 is about over 500 billion USD, GDP per capita is about over 5,000 USD. Growth drivers: total social investment capital is about 174 billion USD or more, approximately 33.5% of GDP (higher than 3 billion USD); of which public investment is about 36 billion USD (equivalent to 875 trillion VND, about 84.3 trillion VND higher than the assigned plan for 2025 of 790.7 trillion VND), private investment is about 96 billion USD, FDI is about 28 billion USD, other investment is about 14 billion USD; total retail sales of goods and consumer service revenue (current prices) in 2025 increase by about 12% or more; total import-export turnover in 2025 increase by 12% or more; trade surplus is about 30 billion USD. The average consumer price index (CPI) growth rate is about 4.5-5%.
Giving opinions at the discussion session, delegates said that submitting to the National Assembly the adjustment to increase the economic growth target for 2025 demonstrates the Government's determination and efforts in successfully implementing the socio-economic development goals for the 2021-2025 period, contributing to consolidating and creating a solid foundation to achieve double-digit growth for a long enough period, bringing the country into an era of prosperous development.
In addition, the delegates also analyzed Vietnam's growth opportunities in 2025, which is economic recovery in the quarters of 2024 at a fairly good level, with each quarter increasing higher than the previous quarter, which is a positive recovery momentum for 2025. Growth occurs evenly in all sectors, fields, and localities. Many institutions and growth bottlenecks have been basically resolved in 2024, especially the bottleneck in real estate, which is expected to create a breakthrough momentum, contributing to growth in 2025; focusing on analyzing and evaluating implementation conditions to ensure the feasibility of the Project; having solutions to control inflation in line with growth targets and stabilize the macro economy./.
Source: https://www.mpi.gov.vn/portal/Pages/2025-2-14/Quoc-hoi-tha%CC%89o-lua%CC%A3n-ta%CC%A3i-to%CC%89-ve%CC%80-De-an-bo-sung-ve4q6nu8.aspx
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