Prime Minister: GDP growth for the whole year can reach over 8%

VTV.vn - The Prime Minister assessed that if there are no major fluctuations and with higher resilience and breakthroughs, GDP growth for the whole year could reach over 8%.

Budget revenue may exceed half a million billion VND

On the afternoon of October 10, speaking at the first Private Economic Panorama Model program, Prime Minister Pham Minh Chinh emphasized that the Vietnamese private economic sector has been affirming its role as the most important driving force of the socialist-oriented market economy under the leadership of the Party, management of the State, and mastery of the people.

The private economic sector has made an important contribution to promoting economic growth, increasing state budget revenue; effectively mobilizing social resources for development investment; creating jobs, livelihoods, income, improving people's lives, ensuring social security, demonstrating culture and business ethics; promoting international integration; making an important contribution to the cause of building, defending the Fatherland and developing the country.

The Prime Minister assessed that if there are no major fluctuations and with higher resilience and breakthroughs, GDP growth for the whole year could reach over 8%.

According to the Prime Minister, we have carried out the renovation process over the past 40 years with three main pillars: eliminating bureaucracy and subsidies; developing a multi-sector economy, including the private economy; and international integration.

Assessing that agriculture has helped the country escape poverty and become a rice exporter; industry and foreign investment have helped the country achieve middle income; the Prime Minister hopes and believes that science and technology, innovation and digital transformation will help the country become a developed, high-income country.

According to the Prime Minister, we must be proud and confident in moving forward and firmly believe that with the current spirit, momentum and force, we will certainly achieve the above goal.

Stating that a remarkable trait of Vietnamese people is that the more pressure they face, the more effort they make, the Prime Minister cited a recent example: the Central Government has raised the GDP growth target for 2025 from 8% or more (higher than the previously decided target of 6.5-7%, striving for 7-7.5%).

The Prime Minister said that in reality, after setting the above target, the third quarter was very difficult with 8 storms, 4 storms in September alone, "storms on top of storms, floods on top of floods"; but we were very determined, made great efforts, "The Party has directed, the Government is unified, the National Assembly agrees, the people support, businesses accompany, the Fatherland expects, so we only discuss action, not retreat".

"Up to now, GDP growth in the first 9 months of 2025 is estimated to increase by 7.85% over the same period last year. The Prime Minister assessed that if there are no major fluctuations and with higher resilience and breakthroughs, GDP growth for the whole year could reach over 8%.

Also in the first 9 months, budget revenue reached nearly 2 million billion VND and the whole year could reach 2.5 million billion VND, which means exceeding revenue by 500,000 billion VND and we plan to use this excess revenue to do the country's big jobs and take care of social security and people's lives," said the Prime Minister.

Must overcome ourselves and integrate internationally

For the business community and private entrepreneurs, the Prime Minister wishes to implement "3 pioneers" according to the program theme "Public - private co-building the nation", "2 strengths" and 1 consistent goal.

"3 pioneers" include:

Firstly, pioneering in implementing two 100-year strategic goals (by 2030 becoming a developing country with modern industry and high average income and by 2045 becoming a developed country with high income), linking business goals with national goals.

Second, being a pioneer in the patriotic emulation movement, each enterprise and each entrepreneur each year has a product with measurable and quantifiable effectiveness, contributing to building a strong and prosperous country and improving the material and spiritual life of the people.

Third, pioneer in implementing equality, progress and social justice, social security work, leaving no one behind.

The Prime Minister stated that the Vietnamese private economic sector has been affirming its role as the most important driving force of the socialist-oriented market economy under the leadership of the Party, management of the State, and mastery of the people.

"2 big" include:

One is to grow beyond ourselves, beyond our own limits to develop faster and stronger, promote science and technology, innovation, digital transformation, contribute to the development of digital economy, creative economy, green economy, circular economy, and develop the country quickly, greenly, and sustainably.

Second, to grow strong in the process of deep, substantial, and effective international integration, compete equally and fairly with international enterprises, be ready to effectively participate in global value chains, diversify markets, diversify products, diversify supply chains, contribute to overcoming difficulties from the international situation, fierce strategic competition, with the spirit of foresight, thinking deeply to do big, "reaching far out to the ocean, going deep into the earth, flying high in space", exploiting more effectively our sky, ocean and land.

With "3 pioneers" and "2 strong", the Prime Minister believes that the private business community will successfully carry out the consistent goal, which is also the mission assigned by the Party, State and people: "The private economy is the most important driving force of the national economy", harmoniously and effectively combining with the state economy as the main force, contributing to bringing the country into a new era of wealth, civilization, prosperity and happiness.

Source: https://vtv.vn/thu-tuong-tang-truong-gdp-ca-nam-co-the-dat-tren-8-100251010211008319.htm