(VOVWORLD) - Vietnam’s GDP growth rate in 2024 is estimated at 6.8-7%, exceeding the target set by the National Assembly (6-6.5%), making Vietnam one of few countries with high growth, Minister of Planning and Investment Nguyen Chi Dung said on Wednesday.
 The 38th session of the National Assembly Standing Committee. (Photo: Doan Tan/VNA)
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Reporting to the 38th session of the National Assembly Standing Committee, Minister Dung said that based on the results of eight months, 14 out of 15 main targets of the whole year 2024 will be achieved.
Economic growth is higher than the set target. The macroeconomy is basically stable, inflation is controlled, major balances are guaranteed, public debt and Government debt are much lower than allowed levels, according to the report.
Strategic and important national infrastructure projects continue to be prioritized for investment resources. More than 2,000 km of expressways have been completed and put into operation, opening up many new development spaces, Minister Dung said.
According to the Governments’ Socio-Economic Development Plan for 2025, Vietnam’s GDP will grow 6.5-7% and higher 7-7.5% to rank 31-33 in the world in terms of GDP size; GDP per capita will reach about 4,900 USD; and average social labor productivity will grow 5.3-5.5%.