(VOVWORLD) - Vietnam’s goal of achieving 8% GDP growth this year is both necessary and attainable, lawmakers said at the National Assembly’s extraordinary session in Hanoi on Saturday.
 NA deputies discuss the 8% growth target for 2025 at an extraordinary session in Hanoi on February 15, 2025. |
NA Deputy Le Van Dung highlighted Vietnam’s 400 billion USD in exports and nine consecutive years of trade surplus as indicators of the country’s growing competitiveness, which strengthens GDP, foreign exchange reserves, and national financial security.
“There is ample room for economic growth, and unlocking and channeling resources effectively is key,” he noted.
To meet the target, lawmakers proposed key measures, including increasing public and private investment, attracting more FDI, improving workforce quality, and boosting production and exports.
Minister of Planning and Investment Nguyen Chi Dung emphasized the need to sustain both traditional and new growth drivers, capitalize on global investment and supply chain shifts, and strengthen the domestic private sector.
He stressed streamlining investment and business procedures to create the most favorable environment for the private sector, which includes five million household businesses and SMEs.