Prime Minister Pham Minh Chinh has instructed ministries, sectors, and localities to take decisive action to achieve this year’s economic growth target of 8.3–8.5%.

At the August 7 meeting, Prime Minister Pham Minh Chinh urged identification of key measures to ensure flexible and effective responses to evolving challenges, including reciprocal US tariffs, and to achieve the ambitious 8.3–8.5% growth target for 2025.

In August, the Government revised the growth target from at least 8% (set in February) to 8.3-8.5%.

One of key tasks is taking mormeasures to respond to tax policy changes of other countries, especially the reciprocal tariff policy of the US.

At a cabinet meeting on April 6, Prime Minister Pham Minh Chinh stated that Vietnam will not change the GDP growth target of at least 8 per cent for 2025

Vietnam’s economy continued to perform well in the first month of 2025, showing positive improvements compared to January 2024.

Prime Minister Pham Minh Chinh made the request while chairing the Government regular meeting on November 9.

The growth target kept unchanged at 7%.

Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai told a regular meeting that the city will exceed its annual growth target of 6-6.5 per cent. He proposed speeding up the disbursement of public investment capital, which is still quite slow, so that it reaches 22.3 per cent of the assigned plan.