Fostering Digital Economic Growth and Technological Innovation in Vietnam
	Growth Prospects for Vietnamese Economy in 2025

As 2024 has passed—a year marked by Vietnam's efforts to achieve a growth rate of around 7%—the outlook for 2025 remains mixed with both challenges and opportunities. Despite the difficulties, experts believe that with proper leveraging of emerging opportunities, Vietnam could achieve a growth target of approximately 8%.

This was the consensus shared by experts during the seminar "Vietnam's Macroeconomy: Reviewing 2024 and Prospects for 2025," organized by the Vietnam Institute for Economic and Policy Research, affiliated with the University of Economics and Business - Vietnam National University, Hanoi, in cooperation with other units on January 3 in Hanoi.

Economic expert, Dr. Can Van Luc recommends promoting digital transformation, green transformation, and developing a circular economy.

According to the Vietnam Institute for Economic and Policy Research, Vietnam's GDP growth in 2024 showed positive results, driven by growth engines such as public investment, private investment, and foreign trade, all maintaining a steady momentum.

However, risks remain that could impact Vietnam's economy in 2025, including slow and uneven public investment disbursement, ongoing difficulties for businesses, risks in the corporate bond market, and the unsustainable development of the real estate sector. While inflation in 2024 is projected to stay below 4.5%, pressures from oil prices, global commodities, and exchange rate fluctuations could negatively affect exports, imports, and purchasing power.

To date, international organizations have forecast Vietnam’s GDP growth in 2025 at around 6.5%. To achieve the government's target of more than 7%, significant efforts are required, with the key being to seize development opportunities.

Dr. Nguyen Quoc Viet, deputy director of the Institute for Economic and Policy Research, analyzed that growth drivers such as public investment, private investment, and foreign trade could sustain growth momentum into 2025. External factors, such as new trade policies under US President-elect Donald Trump, could also enhance Vietnam's global competitiveness. This is similar to Vietnam's achievement in 2024, when exports to the United States accounted for nearly one-third of the country's total export turnover.

Experts suggest that in the short term, boosting growth requires focusing on solutions to stimulate investment, particularly private investment, to ensure that overall investment levels are high. Expanding the money supply responsibly will also be crucial to stimulating growth, such as promoting credit growth in priority areas.

Additionally, addressing issues in the real estate market, supporting affordable housing credit packages, and corporate bond issuance are critical. In the coming time, upgrading infrastructure, improving labor skills, and advancing science and technology will be essential to enhance competitiveness, foster creative business growth, and promote sustainability.

"In addition to the growth drivers, we must pay attention to macroeconomic issues such as exchange rates and inflation. The real estate market and the corporate bond market should recover positively. Another key factor is institutional breakthroughs and streamlining the administrative apparatus. We hope that with this momentum, the confidence of the people and businesses will improve. The potential for Vietnam’s GDP growth in 2025 and 2026 to reach 7.5% to 8% is looking more promising," said economic expert, Dr. Can Van Luc.

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