Vietnam will strive to achieve an 8% growth rate in 2025 and a double-digit growth in the following years, Prime Minister Pham Minh Chinh told a country strategic dialogue on unlocking Vietnam's growth potential to promote investment and innovation for a prosperous future, which was held on January 21 (local time) in Davos, Switzerland,  within the framework of the 55th Annual Meeting of the World Economic Forum (WEF).

The dialogue saw the participation of the WEF's Head of Regional Agenda for Asia-Pacific Joo-Ok Lee, along with more than 60 global business leaders who are members of the WEF. This is one of the few country dialogues held at WEF Davos 55 and is the fourth event of this kind that the WEF has organized with Vietnam.

The country is concentrating on implementing three strategic breakthroughs —institutions, infrastructure, and human resources, with perfecting the institutional framework is considered as the "breakthrough of breakthroughs,” involving reducing administrative procedures, streamlining apparatus, treating institutions as a resource and driver, which help cut down the time and costs for businesses and citizens, freeing up resources, and using public investment as a catalyst to drive further investment, PM Chinh said.

He also revealed the development of key infrastructure projects, saying that Vietnam plans to complete its North-South high-speed railway within about 10 years; begin the construction of a railway connecting with China, Central Asia, and Europe in 2025; and fulfil a nuclear power plant within five years.

Many airport, seaport, and expressway projects are being strongly pushed to meet deadlines, striving to complete at least 3,000 km of expressways by 2025, according to the PM.