Legislators are scheduled to discuss the continuation of certain special mechanisms and policies previously approved by the NA for specific localities, following the reorganisation of the administrative apparatus and the expansion of administrative boundaries in line with the Party and State’ guidelines.
For a double-digit growth in the coming years, attracting foreign investment requires even more breakthroughs, in both capital and the quality of the capital flow are necessary.
The 7.51% growth in Q1 was an encouraging sign, but this figure also indicates numerous challenges to the city's efforts to achieve its annual growth target of 8.5–10%.
In his speech at the groundbreaking ceremony, Chairman of the People's Committee of Hue City Nguyen Van Phuong said these two key projects are expected to drive significant progress in the city's manufacturing industry, contributing to the goal of achieving double-digit economic growth in line with the Government's target.
Vietnam’s economic growth in 2024 was driven by multiple sectors, with foreign direct investment (FDI) playing a key role. As the country targets 8% growth in 2025 and aims for double-digit expansion in the following years, FDI contributions need further enhancement.
According to the General Statistics Office (GSO), Vietnam secured 38.23 billion USD in FDI last year, positioning itself among the top 15 developing countries for FDI inflows. Notably, the disbursement of FDI capital hit a record high of 25.35 billion USD, up 9.4% from the previous year. The influx has contributed significantly to Vietnam's position as a regional leader in economic growth.
The private sector should be developed to become one of the most important growth drivers, according to Minister of Planning and Investment Nguyen Chi Dung.
An 8% or higher growth rate is necessary to ensure fast yet sustainable growth, along with efforts to maintain macroeconomic stability, control inflation, and balance key economic factors.
Stressing that all ministries and localities must achieve a minimum growth rate of 8% to lay the groundwork for double-digit growth in the coming years, PM Pham Minh Chinh requested the Government members to propose measures to stabilise the macroeconomy, curb inflation, promote growth, revitalise both traditional and emerging growth drivers.
Prime Minister Pham Minh Chinh has instructed ministries, agencies, and local authorities to drastically and effectively implement three strategic breakthroughs, six key tasks, and 12 primary solutions, striving for double-digit growth in 2025, set to be the year of acceleration and breakthroughs, and laying the foundation for the 2026-2030 socio-economic development plan.
National Assembly Chairman Tran Thanh Man has ordered the central city of Hue, which will become a centrally-run city next year, to achieve double-digit growth while working to preserve its imperial cultural heritage so as to turn itself into a cultural, tourism, and intensive healthcare hub in Southeast Asia under a resolution of the Politburo.
Prime Minister Pham Minh Chinh, who is also Chairman of the Coordinating Council for the Southeast Region, urged more solutions and stronger efforts to reach double-digit growth for the region in 2025 and beyond, while chairing the 5th meeting of the council in Ba Ria-Vung Tau province on December 2.
Secretary of the Hai Phong Party Committee Le Tien Chau introduced the northern port city's potential, advantages and notable achievements to visiting Bulgarian President Rumen Radev at their working session on November 26.
Vietnam’s shrimp exports in October reached US$394 million, a strong 24% increase year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s fruit and vegetable export turnover is likely to hit a record high of 7 billion USD in 2023, driven by the current momentum and steady double-digit growth in recent times.
National Assembly Chairman Vuong Dinh Hue had a working session with representatives of the Party Committee of the south-central province of Khanh Hoa on March 2, as part of his working trip to the locality.
Vietnam’s economy has passed its trough, staging a modest recovery with stronger-than-expected growth of 5.3% in the third quarter, but upside risks to inflation have resurfaced, prompting the upgrade of 2023 average inflation forecast to 3.4%, said the HSBC.
Vietnam’s turnover of vegetable and fruit exports to China has seen double-digit growth since the beginning of the year, maintaining China's position as the largest importer of these products.
The Malaysian Ministry of International Trade and Industry (MITI) announced in a press release on March 20 that the total trade value of the Southeast Asian economy in February increased 11% annually, reaching 204.99 billion RM (45.68 billion USD).
This year, the northern province of Quang Ninh targets a growth rate of over 10% in gross regional domestic product (GRDP) and will focus on improving investment attraction and people’s life quality.
