Vietnam’s Prime Minister Pham Minh Chinh announced that the government aims for economic growth of about 8% in 2025, surpassing the parliament’s target of 6.5%-7%. Viewing 2025 as a pivotal year for acceleration, the government plans to prioritise economic expansion while controlling inflation and maintaining budget deficits and public debt within reasonable limits. Chinh forecasts 2024 GDP growth at over 7%, exceeding the official target of 6.5%, with inflation below 4%. The government expects total imports and exports to reach a record USD807.7bn this year. Plans are underway to complete significant infrastructure projects, including a 3,000-kilometre expressway and the initial phase of Long Thanh International Airport, to set the stage for double-digit growth between 2026 and 2030.
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