Resolving challenges and bottlenecks will realize the GDP growth target of over 8% this year.

Speaking at the Vietnam Economic Forum 2025 with the theme “Breakthrough solutions to achieve the growth target of over 8%” organized by the Nguoi Lao Dong newspaper, economic experts said that a GDP growth rate of over 8% is feasible. Achieving this goal is associated with strong institutional changes.

Economic expert Tran Du Lich said that administrative procedures need to be cut by at least 30% compared to current levels. The driving force for growth is still exports, social investment, and domestic consumption.

Dr. Tran Du Lich – Economic expert commented: “Total social investment, including public investment, is currently starting many projects. If all bottlenecks are removed, the absorbed cash flow will create extremely large total demand, creating a multiplier in the economy. I think that stimulating domestic consumption, including consumer credit and investment stimulus support policies… is completely feasible”.

According to statistics, Vietnam’s investment rate in infrastructure has been around 30% of GDP for over a decade. While the average rate of many countries such as China is around 40% of GDP in the same period, there is a lot of room for expanding public investment.

Regarding the export pillar, Vietnam is a highly open economy with total import-export turnover accounting for about 90% of GDP, the second highest in the ASEAN region, after Singapore.

In the context of many challenges this year due to issues related to tariffs , global trade… which may affect exports, it is also an opportunity to diversify the export structure as well as expand the market.

“It is necessary to diversify markets and products, especially businesses need to focus on markets where Vietnam has signed FTAs ​​such as EVFTA. By 2025, almost all import taxes to Europe will be zero, this is an opportunity for us to compete with other countries,” said Mr. Tran Nhu Tung – Vice President of the Vietnam Textile and Apparel Association.

Mr. Suan Teck Kin – Director of Global Market and Economic Research, UOB Bank assessed: “Vietnam can diversify its export products, encourage the development of new products, or expand its market, strengthen relations with trade and investment partners, especially in the Southeast Asian region with an open market that Vietnam can access relatively easily”.

Solving challenges and bottlenecks, realizing the GDP growth target of over 8% this year, Vietnam will continue to be the economy with the strongest growth rate in the ASEAN region.