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GDP growth in 6 months highest in nearly 20 years

The Finance Minister said the expected 6-month GDP growth rate is 0.2 - 0.3% higher than the previous forecast and this is the highest result in nearly 20 years.

VTC NewsVTC News03/07/2025

At the regular Government meeting in June on the afternoon of July 3, Finance Minister Nguyen Van Thang said that according to the forecast at the end of May, GDP growth in the second quarter is estimated at 7.67% over the same period; 6 months reached 7.31%, of which the agriculture, forestry and fishery sector increased by 3.85% in 6 months, industry and construction increased by 8.18%, services increased by 7.83%.

However, it is estimated that by the end of June, the 6-month GDP growth rate may be 0.2 - 0.3% higher than forecast.

"Economic growth achieved the highest results in nearly 20 years (since 2008), many targets and indexes on production and business, State budget... improved month by month, quarter by quarter; continued to maintain macroeconomic stability, control inflation, ensure major balances ", the Minister of Finance mentioned.

Minister of Finance Nguyen Van Thang. (Photo: VGP)

Minister of Finance Nguyen Van Thang. (Photo: VGP)

Mr. Nguyen Van Thang informed that in the first 6 months of the year, the State budget revenue, FDI attraction, export, business development, business households... achieved many outstanding highlights; achieved goals, met the requirements of the institutional revolution, rearranged the structure, organization, apparatus, and government system, implemented 03 strategic breakthroughs; negotiated trade with the US and international integration.

Notably, on July 2, the two negotiating delegations of Vietnam and the US agreed on the Vietnam-US Joint Statement on the framework of the reciprocal, fair and balanced trade agreement.

At the same time, General Secretary To Lam had a phone call with US President Donald Trump, affirming the comprehensive strategic partnership between the two countries and continuing to discuss a number of major directions and measures to promote cooperation in various fields, especially key and breakthrough areas such as high-tech science .

" This is an important result in negotiations, creating trust and expectations for businesses ," Minister Nguyen Van Thang affirmed.

According to the report of the Ministry of Finance, the processing and manufacturing industry in the second quarter increased by 10.65% over the same period, and in the first 6 months increased by 10%, reaching the set scenario and being one of the few years with double-digit growth in the first 6 months since 2011.

Exports in the first 6 months increased by 14.4%, with an estimated trade surplus of 7.63 billion USD. Total retail sales of goods and consumer service revenue in the second quarter increased by 9% over the same period, and 9.3% in the first 6 months; international tourists in the first 6 months reached nearly 10.7 million, up 20.7% over the same period.

In addition, total social investment capital in the second quarter increased by 10.5% over the same period, and increased by 9.8% in the first 6 months; total registered FDI capital in the first 6 months reached over 21.5 billion USD, up 32.6% over the same period (highest since 2009), realized FDI capital reached over 11.7 billion USD, up 8.1%. The number of enterprises entering and re-entering the market in the first 6 months reached 152.7 thousand enterprises, 20% higher than the number of enterprises withdrawing from the market (127.2 thousand enterprises).

In particular, in June alone, the number of newly registered enterprises reached nearly 24,400, the highest ever, with a total registered capital of nearly 177 trillion VND, up 60.5% and 21.2% respectively over the same period; nearly 14,400 enterprises returned to operation, up 91.05%; the number of newly established business households reached over 124,300, up 118.4%...

In the first 6 months, the total registered capital added to the economy reached nearly 2.8 million billion VND, an increase of 89.03% over the same period.

Mr. Nguyen Van Thang stated that on June 30, all 34 localities simultaneously held a ceremony to announce the Resolutions and decisions of the Central and local governments on the arrangement of administrative units and the establishment of provincial party committees and local leadership personnel so that the two-level local government apparatus can officially operate from July 1.

" This is a moment marking a new development stage of the state administrative apparatus, perfecting the institutions and organization of the political system to be synchronous, streamlined, effective and efficient, " Minister Nguyen Van Thang commented, adding that the trust and pride of the people and business community have been raised, creating a new momentum to bring the country into a new era of development under the leadership of the Party.

However, in the coming time, the economy is forecast to continue to face more challenges; requiring all levels, sectors and localities to be more proactive, drastic and close to complete the assigned tasks.

English

Source: https://vtcnews.vn/tang-truong-gdp-6-thang-tang-cao-nhat-gan-20-nam-ar952561.html


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