Positive signals from streamlining the apparatus
In 2025, the Government issued Resolution 01/NQ-CP on key tasks and solutions to implement the Socio-Economic Development Plan and State Budget Estimates for 2025. Accordingly, GDP growth must reach at least 8%, striving for double-digit growth, creating the premise for high-speed growth in the coming years.
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| Public investment is the growth driver in 2025. Illustrative photo |
Prof. Dr. Nguyen Mai - Chairman of the Association of Foreign Investment Enterprises - pointed out 4 positive signals for the Vietnamese economy in 2025, including: First, the revolution in organizational structure and people.
According to Prof. Dr. Nguyen Mai: Speaking at the National Conference organized by the Politburo and the Secretariat to implement the policy of the Party Central Committee on the revolution of the Party, National Assembly, Government and social organization apparatus, General Secretary To Lam affirmed: “We have enough power and strength, enough will and determination to enter a new era, an era of striving for national development and prosperity. Now is the time, the opportunity and the urgency, the objective necessity for the revolution of streamlining the apparatus of the political system so that the apparatus can operate effectively and efficiently”.
Second , economic, trade and investment advantages. According to Mr. Nguyen Mai, the world economic and political context has brought positive signals about Vietnam's political, diplomatic and economic relations with many major countries. Vietnam's position in ASEAN, Asia and the world has been raised, which will open up great opportunities for Vietnam's economic, trade and investment development.
Third , the signal from the Party Congresses at all levels towards the 14th National Party Congress. Regarding this point, Prof. Dr. Nguyen Mai said that 2025 is the year Vietnam will hold Party Congresses at all levels, towards the 14th Party Congress in early 2026, aiming to become an industrialized country with an upper middle income by 2030, while also celebrating the 100th anniversary of the founding of the Communist Party of Vietnam.
“From the above factors, the Government sets a target of GDP growth of 8% or more in 2025, creating momentum for economic growth of the 5-year plan 2026-2030 at double digits/year. These will be positive signals creating opportunities for investment and development in the new context” – Prof. Dr. Nguyen Mai affirmed.
Agreeing with Prof. Dr. Nguyen Mai, Dr. Can Van Luc - Chief Economist of BIDV - said that the positive signal of Vietnam's economic growth in 2025 is also reflected in the institutional breakthrough and streamlining of organization, apparatus and restructuring of administrative boundaries of localities.
"This is a point that people and businesses actively support. If we believe and are determined to do it, we will succeed," Dr. Can Van Luc affirmed.
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| Vietnam is assessed to have many opportunities to achieve its growth target by 2025. Illustrative photo |
Many opportunities from macroeconomic stability
In addition to the above opportunities, according to Dr. Can Van Luc, Vietnam has a stable macro-economy, and it is forecasted that this year and next year, Vietnam's economy will have a positive recovery on all three fronts, including: Net import and export, investment and consumption. In particular, regarding public investment, disbursement in the first two months of the year was quite good, increasing by 21% compared to the same period last year.
"This year, public investment disbursement is 830 trillion VND, if we add the capital transferred from 2024 to this year, it will be nearly 900 trillion VND of public investment. If the disbursement is good, this is an important driving force" - Dr. Can Van Luc affirmed.
Also positively assessing the Vietnamese economic picture in 2025, Dr. Le Duc Khanh - Director of VPS Securities Joint Stock Company - said: Public investment and consumption will be the internal foundation for growth in 2025.
“In particular, the public investment plan is a record, increasing by 30% compared to the implementation in 2024; consumption has improved strongly thanks to increased employment, income as well as an improved real estate market,” Mr. Le Duc Khanh added.
According to Dr. Le Duc Khanh: Vietnam's economy had a relatively favorable start in the first two months of the year, in which foreign direct investment (FDI) attraction maintained a positive trend; industrial production was on the path to recovery; credit growth was better than the same period last year; long-term lending interest rates fell to the lowest level to support growth; consumer spending continued to show signs of recovery...
In particular, Vietnam has the ability to control inflation well due to the cooling of prices of some essential goods and the self-sufficiency of some essential goods. With inflation under control, the State Bank will have room to operate monetary policy, thereby supporting the economy to achieve the growth target of 8% or more in 2025.
| According to economic experts, in addition to macroeconomic stability, with the efforts of the Government, the real estate market, securities and the private economic sector are recovering positively... which will be important driving forces for Vietnam to achieve its growth target in 2025. |
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