{
  "Key Drivers of Government Confidence": "## Key Drivers of Government Confidence\n\n### Sustained Economic Momentum from Previous Periods\n\nThe Vietnamese government's confidence in achieving its ambitious 8-8.5% GDP growth target for 2025 is significantly bolstered by the robust economic performance observed in preceding periods. This sustained momentum provides a strong foundation and validates the effectiveness of current economic policies and strategic directions. In 2024, Vietnam's economy demonstrated remarkable resilience and growth, with GDP increasing by 7.09% according to the State Bank of Vietnam, and 7.1% as reported by the International Monetary Fund (IMF) ([sbv.gov.vn](https://sbv.gov.vn/en/w/ph%E1%BB%91i-h%E1%BB%A3p-h%C3%A0i-h%C3%B2a-linh-ho%E1%BA%A1t-c%C3%A1c-ch%C3%ADnh-s%C3%A1ch-v%C4%A9-m%C3%B4-%C4%91%E1%BB%83-%C4%91%E1%BA%A1t-m%E1%BB%A5c-ti%C3%AAu-t%C4%83ng-tr%C6%B0%E1%BB%9Fng-n%C4%83m-2025), [vietnamnet.vn](https://vietnamnet.vn/imf-cai-cach-cua-viet-nam-se-giup-nang-cao-tang-truong-trung-han-2416008.html)). This growth was primarily attributed to strong export performance, resilient foreign direct investment (FDI) inflows, and supportive government policies. The positive trajectory continued into the first quarter of 2025, with economic activity expanding at a rate of 6.9% year-on-year, as noted by the IMF, and 6.93% by the State Bank of Vietnam ([vietnamnet.vn](https://vietnamnet.vn/imf-cai-cach-cua-viet-nam-se-giup-nang-cao-tang-trung-trung-han-2416008.html), [sbv.gov.vn](https://sbv.gov.vn/en/w/ph%E1%BB%91i-h%E1%BB%A3p-h%C3%"
}