Vietnam's gross domestic product is expected to grow by 6.8-7.0 percent this year, Prime Minister Pham Minh Chinh told parliament on Monday, before adding that the government was aiming to lift growth above the top end of that range. In 2025, Chinh said Vietnam would aim for growth of 7.0-7.5 percent, supported by a credit growth target of 15 percent and public investment, including spending on transport infrastructure. He said Vietnam will also seek to attract foreign investment and expand its export markets. 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. He also said Vietnam would continue its fight against corruption and strengthen its defence capabilities.

Source: Tuoitre News October 21, 2024 07:22 UTC