Vietnam targets double-digit GDP growth, pushes institutional reform and green finance

At the conference, Deputy Minister Le Tan Can emphasized that in 2025, Vietnam aims for GDP growth of at least 8%. The goal is to aim for double-digit growth from 2026. This will be the foundation for Vietnam to become an upper-middle-income country by 2030 and a high-income country by 2045.

Through the first 7 months of 2025, the economy continued to be stable with many positive indicators. Specifically, GDP in the first 6 months increased by 7.52% (highest in ASEAN), CPI averaged 3.26%. Budget revenue reached 80.2% of the estimate, trade surplus was over 10 billion USD. Registered FDI reached 24.1 billion USD, the highest level in 5 years. Notably, the reciprocal tax applied to Vietnamese goods has decreased from 46% to 20% after negotiations with the United States.

Thứ trưởng Bộ Tài chính Lê Tấn Cận phát biểu tại Hội nghị Fitch on Việt Nam 2025. (Ảnh: MOF)

Deputy Minister of Finance Le Tan Can speaks at the Fitch on Vietnam 2025 Conference. (Photo: MOF)

Deputy Minister Le Tan Can emphasized: “In the context of global instability, Vietnam considers institutional reform an important “launching pad”. The goal is to shift to a growth model based on productivity, innovation and domestic consumption. Key tasks include: reforming administrative procedures, promoting public investment disbursement, expanding domestic consumption, taking advantage of FTAs, developing new driving forces from science and technology and digital transformation.

Financially, Vietnam has room for public debt to expand fiscal policy and issue safe and transparent bonds. The goal is to upgrade the stock market to emerging market status in 2025. At the same time, the Government considers upgrading the national credit rating a key condition to reduce capital costs, expand access to international capital markets, and create advantages for the Government and businesses.

Deputy Minister Le Tan Can expressed his belief that Fitch Ratings and other international credit rating agencies will continue to accompany him. This will help strengthen investors' confidence in Vietnam. The Ministry of Finance will closely coordinate with these agencies to convey information fully and transparently. This will create conditions for credit rating agencies to have a realistic assessment of the Vietnamese Government's efforts in policy management.

Source: https://thoidai.com.vn/viet-nam-dat-muc-tieu-tang-truong-gdp-hai-con-so-day-manh-cai-cach-the-che-va-tai-chinh-xanh-215932.html