VET Exclusive

A number of draft laws on tax matters recently went before the National Assembly Standing Committee for consideration and comment.

According to newly released data from the General Statistics Office (GSO), Vietnam’s Gross Domestic Product (GDP) in the first quarter of 2025 grew by 6.93% year-on-year and this is the highest Q1 growth rate recorded during the 2020 - 2025 period.

International organizations have noted what lies ahead as Vietnam works to reach ambitious growth targets set for 2025 and beyond.

Vietnam will face a number of hurdles as it strives to post double-digit growth in the years ahead, including low public investment efficiency, global trade tensions, and capital misallocation in key sectors.

2025 will witness a host of macro-economic developments as Vietnam aims to boost its GDP growth and meet other economic indicators.

Vietnam needs to fully address the shortcomings in its economy as it pursues higher growth, with the Party General Secretary calling for a new, groundbreaking resolution on private sector development.