(Photo: chinhphu.vn)

According to the Institute for Economic and Policy Research, international organizations are forecasting Vietnam's GDP growth to be around 6.5% this year.

Growth drivers such as public and private investment, and import-export activities could sustain the growth in 2025, said Nguyen Quoc Viet, the Institute’s Deputy Director.

“External factors will also be a supporter. In fact, Vietnam may be able to capitalize on the new trade policies of US President-elect Donald Trump to enhance its global competitiveness,” he said.

Economists suggested that short-term solutions to boost growth should focus on stimulating investment. In the medium term, it is essential to continue upgrading infrastructure, improving the skills and qualifications of the workforce, and developing science and technology.

“We also need to pay attention to macroeconomics, exchange rates, and inflation. In particular, the recovery of the real estate market and the corporate bond market, along with breakthroughs in institutional reforms and streamlining the administrative apparatus, are key factors,” said economist Can Van Luc.

“We hope that with this momentum, public and business confidence will improve. Vietnam's GDP growth is projected to range from 7.5% to 8% in 2025 and 2026.”