HANOI, Oct 21 — Vietnam's gross domestic product is expected to grow by 6.8 per cent to 7.0 per cent this year, Prime Minister Phạm Minh Chính told Parliament today.
Speaking at the start of a month-long Parliament session, he said the government is aiming to lift growth above the top end of that range. The country's public debt is under control and well below a mandated ceiling set by the National Assembly
In 2025, Chính said Vietnam would aim for growth of 7.0 per cent to 7.5 per cent, supported by a credit growth target of 15 per cent and public investment, including spending on transport infrastructure.
Vietnam will also seek to attract foreign investment and expand its export markets.
"Numerous challenges are lying ahead, but no challenge can slow us down," he said.
The Southeast Asian country, a regional industrial hub, reported its strongest economic growth in two years in the September quarter, lifted by exports, industrial production and rising foreign investment, although Typhoon Yagi caused extensive damage last month that could affect future growth.
Chính pledged there would not be any power shortages next year. In 2023, rolling power cuts affected industrial production.
He added that Vietnam would continue its fight against corruption and strengthen its defence capabilities.
— Reuters
