These figures not only affirm the strong vitality of the economy, but also demonstrate the Government's sharp management in the context of a volatile global economy.
Not only stopping at the growth figures, the important thing is that the domestic business sector - which is considered a weak point - has shown a strong recovery. This is a positive signal, showing that the competitiveness of Vietnamese businesses is improving significantly.
These achievements are not accidental. The Government has demonstrated determination and flexibility in economic management, especially in promoting public investment disbursement, improving logistics infrastructure and promoting free trade agreements such as EVFTA and CPTPP.
These achievements are not accidental. The Government has demonstrated determination and flexibility in economic management, especially in promoting public investment disbursement, improving logistics infrastructure and promoting free trade agreements such as EVFTA and CPTPP.
In addition, flexible monetary policy, inflation control and timely credit support have created favorable conditions for businesses to recover and develop. Lower interest rates, credit growth maintained at over 15%, especially prioritizing the manufacturing and export sectors, have helped the economy overcome many challenges.
Looking to 2025, Vietnam's economic picture continues to be promising with many opportunities. The government targets GDP growth of 6.5-7%, based on three main pillars: Investment, consumption and export. In particular, public investment will continue to play a "supporting" role for key national projects such as the North-South Expressway and Long Thanh Airport.
On the other hand, promoting private investment, especially in high technology, renewable energy and green economy, will be an important driving force to increase the added value of the economy. Efforts to build a transparent business environment, reduce administrative procedures and support businesses in accessing capital will also be top priorities.
The achievements in 2024 are not just dry numbers but also a solid foundation for Vietnam to make a breakthrough in 2025. However, to maintain the growth momentum, we cannot be subjective. Challenges from global economic fluctuations, natural disasters, and epidemics are still potential risks.
Most importantly, management policies need to continue to be flexible, practical and business-centric. Only by taking advantage of opportunities and improving existing weaknesses can Vietnam enter a new, stronger and more sustainable growth cycle.
Vietnam's economy in 2024 has affirmed its position on the global economic map. Hopefully in 2025, with unity and determination, we will continue to write the success story, not only with record numbers, but also with true prosperity and happiness for the people and business community!
