On February 5, the Vietnamese government issued Resolution No. 25, outlining economic growth targets for various sectors and localities.

The resolution mandates that the country achieve a GDP growth rate of at least 8% in 2025 while assigning 16 provinces and cities a double-digit Gross Regional Domestic Product (GRDP) growth target.

Major growth targets across provinces

Among the provinces and cities with the highest assigned GRDP growth rates:

Bac Giang is expected to lead with a 13.6% growth rate.

Hai Phong follows with 12.5%.

Ninh Binh and Quang Ninh both have a 12% target.

Thanh Hoa is set at 11%.

Da Nang, Binh Duong, and Dong Nai must achieve 10%.

Hanoi and Ho Chi Minh City have been assigned targets of 8% and 8.5%, respectively.

These targets are part of a broader national economic strategy aimed at setting the stage for sustained double-digit growth between 2026 and 2030.

Coordinated efforts for economic acceleration

To meet these ambitious targets, the government has tasked ministers, department heads, and local leaders with closely monitoring economic indicators and implementing effective policies.

During the government’s regular meeting on February 5, Prime Ministerial directives emphasized the need for synchronized, comprehensive, and effective execution of proposed economic measures.

Local governments are expected to take a proactive and innovative approach in decision-making, ensuring that all economic sectors contribute to the overall growth objectives.

The resolution calls for provincial leaders to:

Develop detailed monthly and quarterly economic growth plans.

Work closely with the General Statistics Office to align regional growth projections with national targets.

Submit growth plans to the Ministry of Planning and Investment by the end of February for coordination and monitoring.

Strategic policies and problem-solving mechanisms

The government also instructed provincial leaders to:

Actively implement policies within their jurisdiction to drive economic growth.

Identify and propose new mechanisms, policies, and solutions for economic challenges.

Report difficulties and recommendations to the Ministry of Planning and Investment, which will then escalate them to the government and the Prime Minister for timely resolution.

Additionally, provincial authorities must submit monthly and quarterly reports on their economic performance, updating growth projections as needed and suggesting additional measures to ensure targets are met. Reports must be sent to the Ministry of Planning and Investment by the 25th of each month.

Local governments are also required to review and optimize their resources, identify new growth drivers, and propose adjustments to their growth objectives in line with Resolution No. 25. These adjustments must be presented to provincial People’s Councils by the end of February for approval.

Thu Hang