Prime Minister: GDP growth in the fourth quarter must reach over 8.4%

VTV.vn - The Prime Minister pointed out that GDP growth in the first 9 months reached 7.85%, so for the whole year 2025 to reach over 8%, the GDP growth rate in the fourth quarter must reach over 8.4%.

Prime Minister Pham Minh Chinh chaired the regular Government meeting in October 2025 online with localities.

Natural disasters and floods reduce GDP by about 0.2%.

On November 8, Prime Minister Pham Minh Chinh chaired the regular October 2025 Government meeting online with localities.

In his concluding remarks, the Prime Minister basically agreed with the reports and opinions; assigned the Ministry of Finance and the Government Office to absorb the opinions, complete the reports and draft Resolution of the meeting, and submit them for promulgation soon.

According to the Prime Minister, if we maintain this momentum, we will achieve economic growth of over 8% in 2025. At the same time, practice shows that localities with high public investment disbursement rates also achieve high GRDP growth and vice versa.

Overview of the regular Government meeting in October 2025

In addition to the basic results achieved, the Prime Minister frankly acknowledged that our country still has shortcomings, limitations, difficulties and challenges that need attention. Accordingly, the pressure to direct and manage the macro economy is still great, especially in terms of exchange rates, interest rates, inflation, especially in the face of the impact of the volatile situation in the world.

Gold prices fluctuated strongly; the real estate market situation gradually improved but land prices remained high. Smuggling, commercial fraud, counterfeit goods, and intellectual property rights violations remained complicated.

The situation of natural disasters and floods is forecast to continue to be complicated and unpredictable, causing severe impacts (preliminary estimated damage of about 40,000 billion VND, reducing about 0.2 percentage points of GDP growth nationwide in 2025).

The Prime Minister stated that the biggest goal is to stabilize the macro economy, control inflation, promote growth, and ensure major balances of the economy; this is both a goal, a driving force, and a resource for development. If achieved, it will lead to high, rapid, and sustainable growth.

Ministers, heads of sectors, and Chairmen of People's Committees of provinces and cities need to proactively and actively perform tasks according to their functions, tasks, and powers to achieve this goal and take measures to overcome the limitations, shortcomings, and challenges that have been pointed out.

Along with that is the focus on maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy, creating a solid foundation for fast and sustainable growth.

The Prime Minister pointed out that GDP growth in the first 9 months reached 7.85%; for the whole year 2025 to reach over 8%, the GDP growth rate in the fourth quarter must reach over 8.4% (of which the industrial sector increases by about 9.4%; the service sector increases by about 8.3%; the agricultural sector increases by about 4%; striving for the proportion of the digital economy to account for about 20% of GDP).

The Prime Minister directed a number of specific tasks and solutions for ministries, branches and localities.

In addition, resolutely, promptly and effectively implement the Politburo's resolutions (resolutions No. 57, 59, 66, 68, 70, 71, 72); at the same time, urgently complete and submit to the Politburo for promulgation new resolutions on state economy, FDI, and culture.

Deploy and effectively operate the 2-level local government model (note to review functions, tasks, apparatus, build job positions, arrange enough competent staff, connect information, data, processes, procedures, decentralization, delegation of authority...).

Many international organizations upgrade Vietnam's growth forecast

Previously, according to the report of the Ministry of Finance, Minister Nguyen Van Thang said that the socio-economic situation of our country continues to achieve many important and comprehensive results. Many international organizations have continued to raise Vietnam's growth forecast in 2025 by 1-1.5%.

In October, Standard Chartered Bank raised its growth forecast for Vietnam in 2025 to 7.5% (the forecast at the end of July was 6.1%), and in 2026 to 7.2%; HSBC raised it to 7.9% (previously 6.6%), and in 2026 to 6.7%; UOB Bank raised its growth forecast for 2025 to 7.5% (previously 6.9%); ADB raised it to 6.7%.

Minister of Finance Nguyen Van Thang

According to Minister Nguyen Van Thang, since the beginning of the year, our country has been steadfast and determined to complete a very large and complicated workload, promptly handling arising issues. Thanks to that, we have maintained macroeconomic stability, controlled inflation, ensured major balances, and promoted production and business.

The consumer price index (CPI) in the first 10 months increased by 3.27% over the same period. Credit growth was high, reaching 20.69% over the same period. State budget revenue in the first 10 months is estimated at over 2.18 quadrillion VND, equal to 111% of the estimate and up 30.8% over the same period...

At the same time, traditional growth drivers continued to be promoted and renewed. Total registered FDI capital in 10 months reached over 31.5 billion USD, up 15.6% over the same period. Trade surplus reached nearly 19.5 billion USD. Total retail sales of goods and consumer service revenue in 10 months increased by 9.3% over the same period; international visitors reached nearly 17.2 million, up 21.5%. Production and business grew positively.

Source: https://vtv.vn/thu-tuong-tang-truong-gdp-quy-iv-phai-dat-tren-84-100251108152822823.htm