Hanoi, July 29 -- Vietnam is stepping up efforts to achieve an ambitious GDP growth target of 8.3-8.5% this year, despite global uncertainties and divergent economic forecasts.

Authorities are focusing on boosting traditional growth drivers such as investment, consumption, and exports while implementing a broad array of policy measures to maintain economic momentum.

Recent GDP projections for Vietnam in the second half of 2025 show a wide divergence. The Asian Development Bank (ADB) and the Standard Chartered have revised their forecasts downward to 6.3% and 6.1%, respectively, citing external risks, particularly from rising trade tensions and new US tariff policies scheduled to take effect on August 1.

In contrast, several financial i...