By the end of May 2025, all three pillars of the Industry and Trade sector - industrial production, import-export and domestic market - recorded higher growth than the same period in 2024.
E-commerce continues to be a bright spot
Notably, e-commerce continued to affirm its driving role with revenue growth reaching over 19%, slightly exceeding the 19% scenario set by the industry.
This growth momentum is expected to continue in the first half of the year, with e-commerce growth estimated at 17–18%. The stability of online consumer behavior, the rapid expansion of digital platforms, and the shift to sustainable development are key factors that will help e-commerce become a new pillar to promote domestic consumption and support production and exports.
Promoting local products through e-commerce platforms is focused on by many businesses in Thai Nguyen .
E-commerce is not only a modern distribution channel for goods, but also an important link in the supply chain, contributing to reducing logistics costs and expanding the market, especially for small and medium enterprises. In the context of total retail sales of goods in the first 5 months of the year increasing by only 9.7% (lower than the scenario of 11%), the strong growth of e-commerce has partly compensated, creating traction for domestic consumption.
According to the Ministry of Industry and Trade , e-commerce will continue to be one of the main driving forces to achieve the economic growth target of 8% or more in 2025 according to Resolution 25/NQ-CP. However, to maintain this momentum, it is necessary to continue to improve institutions, ensure a safe and fair trading environment, while promoting digital infrastructure connectivity and protecting consumer rights on online platforms.
Thus, e-commerce not only exceeded the growth plan, but also played a leading role in domestic consumption, contributing to strengthening the economic recovery momentum in the context of many risks from the international market still existing.
8% full-year growth still possible if current momentum is maintained
Overall, most important indicators of production, trade, export and consumption are showing positive recovery trends, closely following the set targets. If the current growth momentum is maintained in the second half of the year, the economic growth target of 8% or more in 2025 according to Resolution 25/NQ-CP is still within reach.
Specifically, by the end of May 2025, Vietnam's industrial production continued to maintain a positive recovery momentum. The industrial production index (IIP) of the whole industry is estimated to increase by 8.8% over the same period last year (increased by 7.1% in 2024). In particular, the processing and manufacturing industry maintained its role as the main driving force with an increase of 10.8% (increased by 7.6% last year), the water supply, waste and wastewater management and treatment industry increased by 10% (compared to 5.9% in the same period).
The representative of the Ministry of Industry and Trade said that although the results achieved were positive and higher than the same period last year, the industrial production target has not yet reached the growth rate according to the scenario set by the Government in Resolution 25/NQ-CP dated February 5, 2025, with the IIP growth target in 2025 having to reach 8% or more.
Vietnam's industrial production continues to maintain positive recovery momentum. (Illustration photo)
Maintaining growth momentum amid volatile global markets and pressure from international trade policies will be a major challenge in the second half of the year. However, positive signals from the processing and manufacturing industries and breakthroughs in many localities are an important foundation for achieving the country's overall economic growth target.
At the regular press conference for the second quarter of 2025, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan commented: " In general, most important indicators on production, trade, import-export, and consumption show a positive recovery trend and closely follow the proposed growth scenario.
However, there are still external risks such as trade policies of major countries, fluctuations in world prices and geopolitical conflicts. The growth target of 8% or more for the whole year of 2025 according to Resolution 25/NQ-CP is still achievable if the current growth momentum continues to be maintained in the second half of the year .
Source: https://vtcnews.vn/bo-cong-thuong-kich-ban-tang-truong-8-ca-nam-van-kha-thi-ar950278.html
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