Prime Minister Pham Minh Chinh outlines decisive measures to hit Vietnam’s 2025 growth target of up to 8.5%.
The directive notes that, despite a complex and unpredictable global situation, Vietnam’s socio-economic performance in the first seven months of 2025 has been relatively comprehensive with many notable achievements. However, the final months of the year and beyond will present intertwined opportunities and challenges, with difficulties outweighing advantages.
To ensure GDP growth of 8.3–8.5% in 2025, laying the foundation for double-digit growth in 2026–2030, the Prime Minister called for decisive and effective execution of resolutions and conclusions by the Party, the Politburo, and the National Assembly, as well as directives from the Government and Prime Minister. Efforts must drive growth across industry-construction, agriculture-forestry-fisheries, and services, adapt to U.S. reciprocal tariff policies, maintain macroeconomic stability, control inflation, and safeguard major economic balances.
For industry, the Ministry of Industry and Trade is tasked with restructuring the sector to target a 9.6–9.8% value-added growth in 2025, with manufacturing aiming for 11.2–11.5%. Policies will encourage investment in core and source technologies, protect industrial property rights, and resolve stalled power projects in August. Export growth is targeted at 12% with a trade surplus of USD 30 billion.
In agriculture, the Ministry of Agriculture and Environment will focus on sustainable production, technological innovation, and digital transformation, aiming for USD 65 billion in agricultural exports in 2025. Efforts will continue to lift the EU’s “yellow card” on IUU fishing.
For services and tourism, targets include 25 million international visitors and 150 million domestic tourists. The Ministry of Culture, Sports and Tourism must innovate promotion campaigns and finalize the entertainment industry development plan by mid-August. E-commerce growth is expected to surpass 25% in 2025.
Infrastructure investment is also a priority, with goals to complete at least 3,000 km of expressways and over 1,700 km of coastal roads in 2025, fully disburse public investment capital, and advance key railway and road projects for 2026–2030.
On U.S. trade policy, the Ministry of Industry and Trade will continue negotiations toward a comprehensive trade agreement, aiming for balanced and sustainable economic ties.
The directive assigns specific responsibilities to ministries, localities, and deputy prime ministers, with the Government Inspectorate and relevant bodies to oversee implementation and report progress in August and September.