Vietnam likely to achieve 2024 growth target of 7%: MPI

Vietnam is likely to achieve the 2024 growth target of 7% if there are no major fluctuations or negative impacts from the external market in the fourth quarter, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

The country has had many opportunities to make a breakthrough in economic growth, he said while addressing the Government’s regular press briefing in Hanoi on December 7.

Economic growth drivers are all quite positive, with relatively good export signals and businesses receiving more orders, according to the deputy minister.

He quoted foreign investors and experts as assessing that Vietnam’s foreign investment attraction was positive.

Increasing consumption demand is forecast for the shopping season in the year end, he remarked.

Regarding 2025 growth prospects, Mr. Phuong said Prime Minister Pham Minh Chinh set a growth target of 8% for 2025, basing on the growth of 2024.