Motivations for Achieving the 8% GDP Growth Target in 2025

According to Deputy Minister of Planning and Investment Nguyen Duc Tam, in 2025, the total public investment capital that ministries, sectors, and localities must disburse is about VND 295 trillion, along with the carry-over from 2024, amounting to over VND 300 trillion. This is expected to create a driving force to attract other economic components and boost growth momentum.

“We have identified that in 2025, we must implement measures to stimulate domestic consumption. This is an important task, not only for Vietnam but also for many other countries around the world. This includes attracting domestic and international tourists, with a target of attracting 120-130 million domestic tourists and 20 million international tourists in 2025,” said Nguyen Duc Tam.

Deputy Minister Nguyen Duc Tam emphasized the new growth drivers, which include promoting science and technology, innovation, and investment attraction, as well as developing emerging high-tech industries such as semiconductor chips and artificial intelligence. He also stressed the importance of focusing on the development of the private sector as a crucial driver of the economy. In addition, it is necessary to urgently address obstacles to unblock the effectiveness of resources from the real estate, stock, and corporate bond markets.

Deputy Minister Nguyen Duc Tam highlighted the need to accelerate the development of strategic infrastructure, especially key national projects: “By the end of 2025, we aim to complete 3,000 kilometers of expressways and over 1,000 kilometers of coastal roads. We will also focus on upgrading and expanding several expressways according to the planning scale. Another growth driver is the establishment of international financial centers in Ho Chi Minh City and Da Nang, which is expected to attract additional resources for economic growth.”