Targets for GRDP growth of provinces and cities in Vietnam in 2025​ (Image from the internet)

On February 5, 2025, the Government of Vietnam issued Resolution 25/NQ-CP on growth targets for sectors, fields, and localities to ensure Vietnam's growth target in 2025 reaches 8% or more.

Targets for GRDP growth of provinces and cities in Vietnam in 2025

Resolution 25/NQ-CP clearly outlines that 2025 is a year of particular importance, a year to accelerate, breakthrough, and achieve goals, being the last year to implement the 2021-2025 Socio-Economic Development Plan.

The international and regional situation is forecasted to continue to develop very complicatedly and unpredictably; global economic recovery is slow, uneven, unstable, and risks are increasing. Our country's economy is forecasted to maintain a positive growth momentum, encountering opportunities, advantages, and challenges intertwined, but challenges are more prevalent.

In this context, to successfully achieve a national growth target of 8% or more in 2025, creating a solid foundation for double-digit growth in the period 2026-2030, the Government of Vietnam requires:

The People's Committees of provinces and central-affiliated cities to urgently direct the research, review resources, driving forces, new capacities for growth, and implementation solutions, report to the People's Council of the same level within February 2025 to adjust the local GRDP growth targets if the People's Council has resolved growth targets lower than the target in Resolution 25/NQ-CP to ensure comprehensive, effective implementation.

In Annex II issued together with Resolution 25/NQ-CP, the GRDP growth target for 2025 for 63 provinces and cities in Vietnam is stated as follows:

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