The information was stated by Minister of Finance Nguyen Van Thang at the Government Conference with localities on socio -economic issues on the afternoon of July 3. This is the first meeting of the Government with 34 provinces and cities after the merger, and the two-level government operating from July 1.
The Minister of Finance said that economic growth achieved high results, many production and business targets, budget... improved month by month and quarter. specific, it is forecasted that by the end of May, GDP in the second quarter will increase by 7.67%. In the first 6 months, economic growth reached 7.31% compared to the same period. According to data from the statistics agency, this is the highest level in the same period since 2008.
At the Government press conference on the same day, Minister and Head of the Government Office Tran Van Son, the Government spokesman, reiterated the GDP growth figures for the second quarter and the first six months of the year. According to him, the GDP growth in the first six months was the highest in nearly 20 years.
In addition to growth, other indicators were also positive. In particular, the processing and manufacturing industry increased by 10% in the first 6 months, meeting the set scenario and being one of the few years with double-digit growth since 2011. Exports increased by 14.4%, with an estimated trade surplus of 7.63 billion USD. Total retail sales of goods and consumer service revenue increased by 9.3%.
In the first half of the year, total registered FDI capital reached over 21.5 billion USD, up 32.6% over the same period, the highest since 2009. The number of newly established and re-established enterprises reached 152,700 units, 20% higher than the number of enterprises withdrawing from the market. In June alone, nearly 24,400 newly registered enterprises, the highest ever, with a total registered capital of nearly 177,000 VND.
Along with that, Minister Thang said that in the first half of the year, the whole system made efforts to respond promptly and effectively to the situation, thereby achieving high growth, "going against the trend" of the world economy's decline.
On July 2, the two negotiating negotiations of Vietnam and the US agreed on the Vietnam-US Joint Statement on the framework of the Reciprocal Trade Agreement. General Secretary To Lam had a phone call with US President Donald Trump, affirming the comprehensive strategic partnership between the two countries and discussing a number of directions to increase cooperation in various fields, especially high-tech science.
"This is an important result in negotiations, creating trust and expectations for businesses," the Minister acknowledged.
From July 1, the two-level local government apparatus officially operates in 34 provinces and cities across the country. According to the Minister, this marks a new stage of development of the administrative apparatus, perfecting the institutions and organization of the political system. He believes that the trust and pride of the people and businesses have been raised, creating a new momentum for Vietnam to enter a new era.
However, Minister Thang also acknowledged that the economy is expected to continue to face many challenges in the coming time. In particular, the 2025 growth target still has many challenges; the macro economy is still under a lot of pressure, especially in the management of exchange rates and interest rates.
He suggested that ministries, branches and agencies need to closely monitor the activities of the two-level government to promptly guide and resolve issues, ensuring smooth work. The State Bank operates appropriate monetary policy tools, interest rates and exchange rates to support production and business, meet the capital needs of the economy, and maintain stability in the monetary and foreign exchange markets.
The Ministry of Finance strengthens revenue management, striving to increase budget revenue by 15% compared to the estimate in 2025, saving an additional 10% of the regular expenditure estimate in the last months of the year. Ministries, agencies and localities closely monitor price fluctuations of essential goods, promptly have appropriate solutions to manage and control prices, ensure market stability, and prevent speculation and price manipulation.
HQ (according to VnExpress)Source: https://baohaiphongplus.vn/gdp-6-thang-tang-cao-nhat-gan-20-nam-415581.html
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