Need to make good use of available space to promote growth throughout 2025

This is the sharing of economic expert, Associate Professor Dr. Nguyen Thuong Lang, National Economics University when talking with reporter of Industry and Trade Newspaper.

Import and export create a great driving force for the economy.

- Dear expert, how do you assess the room for growth in the final months of 2025?

Associate Professor Dr. Nguyen Thuong Lang: Observe the economies in the region such as Singapore, South Korea, Japan, China, which have continuously had 5-6 years of double-digit growth, but before that, they all had to have a stepping stone of about 7-8% to be able to "take off". Vietnam is the same!

There is not much time left from now until the end of the year. To achieve a growth rate of over 8% for the whole year, the last months of the year must have a growth rate of 8.5%, or even over 9%.

The biggest room to create this growth momentum is public investment. The disbursement rate of public investment capital is still low. If from now until the end of the year, 95% or even 100% of the disbursement can be achieved, it will create great momentum and influence.

The second reason is that the end of the year is the time when the economy's aggregate demand "explodes". That is the time when the year-end holidays, festivals, New Year and Lunar New Year "rush" together to stimulate aggregate demand.

The third possibility is that there is a change in income, specifically an increase in people's disposable income.

*Import and export create a great driving force for the economy.*

Besides, from September and October until now, import and export have reached 81-82 billion USD and November and December can reach higher numbers to gradually approach the 1,000 billion mark in import and export turnover. It can be said that the driving force of import and export will be very strong, in addition, foreign investment in Vietnam continues to increase, the private economic sector is showing signs of improvement.

Not to mention the driving force from digital transformation and green transformation. Although the initial cost is high, in the long run it will create a very good driving force. If the above driving forces are fully mobilized, the possibility of annual growth of over 8% is completely realistic.

Focus on developing fundamental industries

- In that context, according to experts, what should the Industry and Trade sector do to contribute to the overall growth of the country?

Associate Professor Dr. Nguyen Thuong Lang: To achieve the annual growth target of 8.2 - 8.5%, creating momentum for high growth for the country, the Industry and Trade sector plays a key role because of its large proportion in GDP. The sector needs to continue to maintain stable production as well as accelerate the implementation of Industry and Trade projects to thoroughly disburse public investment capital, create spillover effects within and outside the sector, promote the core values of the sector and enhance comparative advantages, and attach importance to investment in research and development to master strategic technology.

Developing basic industries, high-tech industries, innovating every hour, every minute, every product and service in the direction of increasing the proportion of high technology, highly skilled labor, large proportion of gray matter, minimizing cheap labor, and reducing waste.

Gradually adjust the industrial structure to create momentum to expand the proportion of high-tech products with high added value, form a new industrial ecosystem, innovate, digitalize, green, promote the leading role and mobilize resources to expand production, restructure, expand markets both domestically and internationally, form and make transparent value chains according to new standards...

At the same time, continue to promote exports to maintain the pace of development and avoid losing the market. It is necessary to promote year-end stimulus through festivals and promotional seasons. It is necessary to pay attention to fully exploiting trade agreement incentives to increase economic scale expansion. Focus on developing deep value chains to increase added value. Expand diverse and multi-layered connections with international partners. Strengthen the deep penetration of enterprises into the global value chain.

In particular, pay attention to organizing year-end trade promotion events to increase demand and speed up consumption, participate in building a green standard system for each narrow sector in Industry and Trade, strengthen propaganda and foreign relations of Industry and Trade to improve the brand of industry products.

Promote the development of cross-border e-commerce, deeply participate in international commodity exchanges to bring Vietnamese goods to international markets, creating momentum for next year. Complete the information system and early warning of adverse impacts and risks to have prevention plans...

Thank you very much.

Focus on organizing year-end trade promotion events to increase demand and speed up consumption, participate in building a green standard system for each narrow sector in Industry and Trade, strengthen propaganda and foreign relations of Industry and Trade to improve the brand of industry products.

Source: https://congthuong.vn/can-tan-dung-tot-cac-du-dia-de-thuc-day-tang-truong-ca-nam-2025-430146.html