On the afternoon of July 3, information from the regular Government meeting in June showed that in the first 6 months of the year, growth-leading localities achieved good results.
According to 63 old provinces and cities, Ho Chi Minh City increased by 7.82%, Hanoi increased by 7.63% and 10 localities had double-digit growth (including Bac Giang 14.01%, Quang Ngai 12.4%, Nam Dinh 11.84%, Da Nang 11.7%, Hai Duong 11.59%, Ha Nam 11.09%, Hai Phong 11.04%, Quang Ninh 11.03%, Phu Tho 10.33%, Vinh Phuc 10.07%).
According to 34 new provinces and cities, there are 6 localities with double-digit growth (Quang Ngai 11.51%, Hai Phong 11.2%, Quang Ninh 11.03%, Ninh Binh 10.82%, Bac Ninh 10.47%, Phu Tho 10.09%).
Social security is guaranteed, people's lives continue to improve. In the first 6 months, 96.5% of households assessed that their income was stable or higher than the same period; the average income of workers reached 8.3 million VND/month, an increase of 10.1%; social security support was more than 41,100 billion VND.
The United Nations ranked Vietnam's Happiness Index in 2025 up 8 places, ranking 46th, just behind Singapore in Southeast Asia.
Regarding the key tasks and solutions in the coming time, Prime Minister Pham Minh Chinh stated: "In the trend of global economic growth decline, we still set a higher economic growth target, striving to reach 8% in 2025, creating momentum, creating position, creating force for double-digit growth in the following years."
The Prime Minister especially emphasized the three acceleration requirements, including:
- Accelerate and focus on mobilizing total social investment to increase by 11-12% compared to 2024 to serve growth targets.
- Accelerate and break through to disburse 100% of public investment capital before December 31, 2025
- Speed up and concentrate efforts to complete the elimination of temporary and dilapidated houses for people with meritorious services before July 27, nationwide before August 31, 2025, and exceed the plan to build 100,000 social housing units before December 31, 2025.
The Prime Minister assigned the Ministry of Finance to urgently complete and submit to the Government an adjustment to Resolution No. 25/NQ-CP on the growth target of 34 new provinces and cities; urge and strive to disburse public investment capital to reach 100% of the plan; urgently submit a draft Resolution on piloting the crypto asset market in Vietnam before July 15; promptly arrange funds for officials who have to leave their jobs due to the rearrangement of administrative units and the implementation of 2-level local government.
The Prime Minister assigned the State Bank to ensure reasonable credit growth (about 16%); direct continued cost reduction and reduction of lending interest rates; urgently consider removing administrative tools on credit limits, replacing them with credit growth management according to market mechanisms; develop a set of criteria for credit safety control, and report to the Prime Minister in July.
On the same afternoon, at the regular Government press conference, Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that the State Bank has kept the operating interest rates unchanged to maintain stable interest rates, creating favorable conditions for promoting credit.
The average lending interest rate for new loans is 6.38%/year, down about 0.6% compared to the end of 2024.
Regarding credit to promptly meet the capital needs of the economy, the State Bank has also set a credit growth target of about 16% this year and will adjust it according to economic developments.
As a result, after implementing drastic and synchronous solutions, as of June 26, the total outstanding debt of the entire system reached over 16.9 million billion VND, an increase of 8.3% compared to the end of 2024. Compared to the same period in 2024, credit increased by 18.87%. This is the highest growth rate since 2023.
Regarding credit for priority sectors, agriculture, rural areas and small and medium enterprises continue to be the two sectors with large proportions.
Some other programs such as social housing loans, loans for young people under 35 years old to rent or buy social housing, or the recent program of 500,000 billion VND credit for businesses investing in infrastructure, digital ownership, and programs with policies have been actively implemented by credit institutions.
Source: https://www.sggp.org.vn/thu-tuong-yeu-cau-bo-tri-kip-thoi-kinh-phi-cho-can-bo-nghi-viec-do-sap-xep-post802356.html
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