BANGKOK, Oct 21 (.) – Vietnam’s Prime Minister Pham Minh Trinh said this Monday that the Vietnamese government aims to achieve gross domestic product (GDP) growth of 7-7.5% in 2025. . Consolidating the country as one of the fastest growing countries in Asia.
In his speech in parliament, Mr. Chin praised the positive trade balance and balanced budget, and said the government will beat officials’ own forecasts of 6.5-7% GDP growth next year, according to the government’s website. He said he would try to do so.
The Prime Minister said that according to data from the National Bureau of Statistics, GDP expanded by 6.82% in the first nine months of this year and is expected to grow by 6.8-7% in 2024.
Mr. Chinh stressed that despite the instability in international trade and the slow recovery, Vietnam is benefiting from an 8.9% increase in foreign investment and a surplus of $21.24 billion (19.5 billion euros). .
In contrast, Vietnam’s GDP expanded by 5.05% last year, weaker than expected amid declining external demand and 3 percentage points lower than in 2022.
Vietnam will achieve a decade-high growth rate of 8.02% in 2022, making it Asia’s fastest-growing economy according to the World Bank and a key alternative to China in investment, particularly in areas such as semiconductors. is fulfilled.
In 2023, that expansion will be overtaken by India, which grew 8.2% last year, and according to the 2023-2024 Economic Report released in July, the Indian government expects GDP growth rate in 2025 to be 6.5-7%. are.
The Asian Development Bank (ADB) has raised its growth forecast for the Asia-Pacific developing region to 5% in 2024, with the figure reaching 4.5% in Southeast Asia, 4.8% in China and 7% in India.
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