Synchronously deploy policies for economic growth goals

According to the General Statistics Office (Ministry of Finance), in the first 7 months of 2025, Vietnam's economy recorded many positive changes with breakthrough results in many fields.

According to the Government 's direction, to achieve the GDP growth target of 8.3 - 8.5%, all levels and sectors must synchronously and comprehensively implement newly issued policies and solutions...

In the first 7 months of 2025, the industrial production index (IIP) is estimated to increase by 8.6%. Photo: Nhat Nam

Economic bright spot

According to the General Statistics Office, in the first 7 months of 2025, the index of industrial production (IIP) is estimated to increase by 8.6% over the same period last year. Notably, after the merger, the index of industrial production in the first 7 months of 2025 compared to the same period last year increased in all 34 localities.

Trade and service activities recovered strongly, contributing positively to economic growth, with total retail sales of goods and consumer service revenue at current prices estimated at VND3,993.4 trillion, up 9.3%.

Retail sales of goods are estimated at VND3,049.6 trillion, accounting for 76.4% of the total and increasing by 7.8%, tourism revenue increased by 20%; accommodation and catering services increased by 15%... showing the strong recovery of the service industry.

By the end of July 2025, the country had 107.7 thousand newly established enterprises, up 10.6% over the same period; 66.3 thousand enterprises returned to operation, up 49.8%. In total, 174 thousand enterprises entered and returned to the market, up 22.9%.

Notably, the total registered capital added to the economy in the first 7 months reached more than 3.3 million billion VND, up 93.7% over the same period, reflecting businesses' confidence in economic prospects.

According to the General Statistics Office, public investment disbursement continues to accelerate. In the first 7 months, state budget investment reached VND378.3 trillion, equal to 40.7% of the annual plan and up 25.4% over the same period in 2024, much higher than the increase of the previous year. Of which, locally managed capital increased by 29.4%, centrally managed capital increased by 5.8%.

Import and export activities in the first 7 months of the year recorded strong growth. Total import and export turnover of goods reached over 514 billion USD, up 16.3%. Of which, exports reached over 262 billion USD, up 14.8%; imports reached 252 billion USD, up 17.9%. The trade balance in the first 7 months had a trade surplus of 10.18 billion USD (in the same period last year, the trade surplus was 14.63 billion USD), contributing to strengthening foreign exchange reserves and stabilizing exchange rates.

Registered FDI capital in Vietnam by the end of July reached 24.09 billion USD, up 27.3% over the same period...

In general, in the first 7 months of 2025, Vietnam's economy has been on the path of strong recovery with many indicators achieving higher growth rates than the same period last year. Key sectors such as industrial production, import and export, public investment, FDI, and domestic consumption all grew well, creating a great impetus for the economy.

Building scenarios for inflation and economic growth

The biggest challenge in the second half of 2025 is to consistently achieve the GDP growth target of 8.3 - 8.5% for the whole year of 2025, while the world economy is slowing down. Moreover, the second half of 2025 will be the period of applying new reciprocal tariffs from the US, creating large tariff barriers, reducing the competitiveness and profits of exports from countries, including Vietnam, to the world's largest market.

To continue to maintain the recovery momentum and aim for sustainable growth in the last months of 2025, Prime Minister Pham Minh Chinh has just issued Official Dispatch No. 133/CD-TTg dated August 12, 2025 on promoting the implementation of a number of tasks and solutions to achieve the economic growth target in 2025.

According to the Government's direction, to achieve the GDP growth target of 8.3 - 8.5%, all levels and sectors must synchronously and comprehensively implement newly issued policies and solutions and the connection of the 2-level local government model, focusing on the Politburo's Resolutions on: Science and technology, innovation, national digital transformation; law making and enforcement; international integration; private economic development...

The Prime Minister also requested to develop scenarios for inflation, economic growth and effectively exploit growth drivers from investment, consumption, export, digital transformation, high-tech application, green transformation, circular economy, sharing economy, large-scale projects; manage exchange rates and interest rates synchronously, harmoniously and reasonably...

According to experts, to achieve the annual growth target, all three sectors: Industry-construction, agriculture-forestry-fishery and services must maintain high growth momentum, while proactively adapting and overcoming many challenges, such as the US's reciprocal tariff policy.

Regarding industrial production, experts believe that it is necessary to focus on restructuring the market, diversifying products, supply chains, production chains, applying new technologies, developing high-quality human resources to serve the development of strategic industries... Strive to increase the added value of the industrial sector by 2025 to 9.6-9.8%, of which the processing and manufacturing industry will reach 11.2-11.5%.

Regarding exports, it is estimated that the growth rate of turnover must reach 12%, with a trade surplus of about 30 billion USD. Therefore, ministries, localities, and industry associations must continue to accelerate the selection and development of key product groups associated with the National Brand, and implement large-scale, in-depth trade promotion programs for each industry in key markets...

Along with exports, the domestic market is an important pillar, and the solution is to promote the development of services and tourism; develop the domestic market associated with stimulating consumption, promote the campaign for Vietnamese people to prioritize using Vietnamese goods... to bring the growth rate of retail sales of goods and consumer service revenue in 2025 to about 12%.

Public investment is also an issue that needs attention. Although the disbursement rate in the first 7 months is quite high, the investment capital this year is larger than last year, which has a positive impact on economic growth, there are still problems that have not been completely resolved, such as problems in site clearance, raw material prices... which can affect the disbursement rate. Therefore, the requirement is to focus highly, resolutely implement the solutions proposed at the beginning of the year, urge, supervise along with timely removal of obstacles, especially with large projects that have a spillover effect, attracting other social resources.

Contributing to the achievement of the growth target, it is impossible not to mention flexible fiscal and monetary policies; maintaining macroeconomic stability along with controlling inflation, ensuring major balances of the economy; ensuring the balance of supply and demand of essential goods and input materials serving production, business activities and people's lives.

Economic groups and state-owned corporations promote their leading role, lead, innovate management, improve production and business efficiency, strive to increase output or revenue by over 10% in 2025, contribute to achieving the country's growth target and ensure major balances of the economy...

Source: https://hanoimoi.vn/trien-khai-dong-bo-chinh-sach-cho-muc-tieu-tang-truong-kinh-te-712540.html