A growth target of over 8% is ambitious but necessary to achieve strategic goals, said Prime Minister Pham Minh Chinh.

With GDP growth surpassing 8% in the third quarter and optimistic projections from HSBC (7.9%) and Standard Chartered (7.5%), the full-year target of 8.5%, previously deemed “ambitious”, now appears increasingly achievable.

Reviving household spending is key to unlocking sustainable economic acceleration.

With GDP growth surpassing 8% in the third quarter and optimistic projections from HSBC (7.9%) and Standard Chartered (7.5%), the full-year target of 8.5%, previously deemed “ambitious”, now appears increasingly achievable.

Standard Chartered has revised its forecast for Vietnam’s economic growth in 2025 to 7.5%, up from its earlier projection of 6.1%.

The government has announced that total social investment capital is expected to reach 33.2% of GDP in 2025, with a target of 40% in 2026 – an exceptional rate even among the fastest-growing developing economies in the region.

Vietnam’s economy is forecast to exceed 505 billion USD by the end of 2025, placing the country among the world’s 30 largest economies, according to projections by the World Bank.

The final session of the National Assembly in 2025, which opened on the morning of October 20, serves as a crucial checkpoint for reviewing the country's development over the past year and charting the path forward into 2026.

"The overarching risk is the danger of falling behind, particularly in technology, and getting caught in the middle-income trap," warns the political report of the 14th National Congress of the Communist Party of Vietnam.

“The Government pledges to lead by example, dedicating all its capacity, intellect, and responsibility to advancing the nation into a new era - an era of peace, prosperity, civilization, and happiness, toward socialism,” PM Pham Minh Chinh said.

Prime Minister Pham Minh Chinh has just signed Directive No. 31 on the development of the 2026-2030 five-year socio-economic development plan.

Vietnam’s top leaders urge truth-telling and bold action to overcome institutional inertia and drive real change.

Inflation held at 2.8% annually over 10 years as Vietnam upgrades to emerging market status.

A newly released draft of the political report for the 14th National Party Congress introduces a key goal: increasing Vietnam’s GDP per capita to approximately $8,500 by 2030.

Vietnam is entering a pivotal phase where entrepreneurial ambition aligns with the Party’s reform-driven vision. With transparency and decisive action, this synergy could power transformative economic growth.

Once reliant on assembly, Vietnam is now mastering core technologies and building a creative industrial future.

Vietnam has advanced in specialising its industry and services, particularly in higher value-added segments, but institutional reforms and productivity gains are vital to fully capitalise on the global supply chain shifts.

Asian and Western news outlets such as channelnewsasia.com and uz.kursiv.media, have praised Vietnam’s impressive economic growth, noting that the Southeast Asian economy is showing strong resilience despite the effects of recent US tariff policies.

The government has issued Resolution No. 306 on adjustments to the national master planning for the 2021-2030 period, with a vision extending to 2050.

Vietnam’s economy posted impressive growth in the third quarter of this year, with GDP estimated to rise 8.23% year-on-year - its second-highest third-quarter growth since 2011, just behind Q3 2022’s 14.38%.