Representatives of Vietnamese businesses participate in a discussion session at a seminar held in HCM City on March 25. — Vietnam News
HO CHI MINH CITY: Vietnam is aggressively promoting growth, enhancing competitiveness and fostering innovation, with major current and upcoming breakthrough policies poised to redefine the nation’s approach to economic development, experts say.
At the Vietnam’s Economic Outlook 2025 and Key Business Policies to Watch seminar in Ho Chi Minh City, organised by the Business Association of High Quality Vietnamese Products, the experts discussed the direction and implications of economic reforms.
Dau Anh Tuan, deputy secretary-general and head of the Legal Department of the Vietnam Chamber of Commerce and Industry, said the government’s Resolution No. 25 assigns specific growth targets to local authorities, placing substantial pressure on them.
The country is targeting an 8% growth rate and double-digit figures in the coming years, he said.
“While this represents a considerable challenge, it also offers an opportunity for the country to achieve a strong breakthrough,” he added.
Meanwhile, major policy initiatives in the country, such as Resolutions Nos. 57 and 193, and an upcoming resolution on the private sector, reflect a growing focus on science, technology and private enterprises.
The country’s total import-export turnover has reached nearly US$800bil and is expected to surpass US$1 trillion, highlighting the country’s heavy reliance on global trade.
Additionally, foreign direct investment inflows into the country have been positive over the past year. — Viet Nam News/ANN
