Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and also voted in favour of major infrastructure projects, including the country's first nuclear power plants and a rail link to China.

HO CHI MINH CITY] Vietnam’s parliament on Wednesday (Feb 19) voted to revise the country’s official growth target for 2025 to at least 8 per cent, from the range of 6.5 to 7 per cent approved last November.

On the morning of February 19, the National Assembly passed a resolution supplementing Vietnam’s 2025 economic and social development plan, setting an ambitious target of at least 8% GDP growth.

Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and backed major infrastructure projects, including a rail link to China and the construction of the country's first nuclear power plants.

The Vietnam National Assembly on Wednesday gave a near-unanimous approval to a railway bill that allows the country to utilize Chinese loans for the construction of a new $8.3 billion link aimed at improving transport connections between the two neighboring countries.

With ambitious economic goals, the government is focusing on public investment, exports, and institutional reforms while navigating global uncertainties.

Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and backed major infrastructure projects, including a rail link to China and the construction of the country's first nuclear power plants.

It is one of two railway lines to China that Vietnam plans as part of its ‘Two Corridors, One Belt’ initiative.