Be more proactive, determined and closely follow up to complete the goals of 2025

(Chinhphu.vn) – Speaking at the regular Government meeting in August 2025 held on the morning of September 6, Minister of Finance Nguyen Van Thang said that despite the difficult and challenging context, the socio-economic situation in the first 8 months continued to achieve many outstanding and quite comprehensive results. However, the tasks in the last months of the year are still very challenging, and all levels, sectors and localities need to be more proactive, determined and closely follow up to complete the assigned tasks.

Minister of Finance Nguyen Van Thang speaks at the regular Government meeting in August 2025, held on the morning of September 6th - Photo: VGP/Nhat Bac

Traditional growth drivers continue to be promoted and renewed.

According to the Ministry of Finance's report, since the beginning of the year, the Government, the Prime Minister , ministries, sectors, and localities have focused intensely on completing a large volume of work; proactively, decisively, and effectively managed and directed; and promptly addressed emerging issues. As a result, the socio-economic situation continues its positive trend, achieving many outstanding results.

The macroeconomic fundamentals are stable, inflation is under control, and major balances are ensured. The consumer price index (CPI) for the first eight months increased by 3.25% year-on-year. Credit growth is high, and new lending interest rates continue to decline; regulations on gold market management have been finalized, and the monopoly mechanism for gold bar production has been officially abolished. The stock and corporate bond markets continue to develop dynamically. State budget revenue for the first eight months is estimated at 88.5% of the projected amount, an increase of 28.5% year-on-year; tasks related to finance and budget in accordance with Resolution 57 are being actively implemented.

Simultaneously, traditional growth drivers continued to be promoted and renewed. Total registered FDI capital in the first eight months reached over US$26.1 billion, an increase of 27.3% compared to the same period last year; implemented FDI capital was approximately US$15.4 billion, an increase of 8.8%; the quality of FDI flows improved, establishing a new position for Vietnam in the global research and development network. The trade surplus is estimated at US$13.99 billion. Consumption recovered positively, with the growth rate of total retail sales of goods and consumer service revenue increasing gradually each month, reaching 9.4% in the first eight months compared to the same period last year; international visitors reached over 13.9 million people, an increase of 21.7%.

Production and business activities showed positive growth. Agricultural production and services maintained a fairly strong growth momentum. The industrial production index (IIP) in August increased by 8.9% year-on-year; the increase for the first eight months was 8.5%, with the manufacturing sector experiencing double-digit growth of 10%.

Notably, the implementation of the three strategic breakthroughs, the "four pillars," and the promotion of new growth drivers continued to be intensified, achieving many clear results. The Government and the Prime Minister continued to decisively direct the review and reduction of administrative procedures and business conditions synchronously across all ministries, sectors, and localities. By 2025, it is expected that nearly 3,200 administrative procedures will be abolished or simplified, and over 2,000 business conditions will be reduced.

In addition, cultural, social, social security, and health sectors continued to receive attention. The education sector submitted to the Politburo Resolution 71-NQ/TW on breakthroughs in education and training development. Information and communication work was implemented effectively, innovatively, and diversely in form and content, receiving positive responses from the people, creating consensus, patriotic spirit, and aspirations for development throughout society. National defense and security were maintained. Foreign relations and international integration, especially economic diplomacy and science and technology, continued to be implemented actively and effectively.

Besides the achievements, Minister Nguyen Van Thang also analyzed the existing difficulties such as: Consumption has not truly made a breakthrough; the wave of "private investment," attracting large-scale, modern FDI projects, has not met expectations; new growth drivers are in their early stages and need time to create change and achieve results. The improvement of institutions and laws has received attention and guidance, but there are still obstacles and it has not kept pace with development requirements. The two-tiered local government model still faces some difficulties in its initial operation; some localities have not yet effectively exploited new development spaces. Natural disasters, storms, floods, and extreme weather events are unpredictable, with prolonged heavy rains severely affecting people in affected areas and causing flooding in many localities.

Implement a comprehensive set of solutions to meet growth requirements.

Recognizing that difficulties and challenges will outweigh opportunities and advantages in the coming period, while the demand for growth remains very high, the Ministry of Finance has proposed several key tasks and solutions for September and the fourth quarter of 2025.

Firstly, it is urgent to complete the projects assigned by the Politburo on the development of the state economy, cultural development, etc., the National Assembly's Resolution on international integration, and the implementation of Resolution 71-NQ/TW on breakthroughs in education and training. Ensure the quality and progress of the contents serving the Central Committee and the 10th Session of the National Assembly.

Secondly, we must decisively and effectively implement Conclusion 186-KL/TW of the Politburo and the Secretariat, paying particular attention to tasks with deadlines in September to promptly address difficulties in the operation of the two-tiered local government.

Third, continue to improve institutions and laws, and enhance the investment and business environment.

Fourth, promote exports and develop harmonious and sustainable trade.

Fifth, promote and renew traditional growth drivers of investment and domestic consumption, and develop new growth drivers.

Sixth, focus on maintaining macroeconomic stability. The State Bank of Vietnam will manage monetary policy, interest rates, and exchange rates appropriately to support production and business activities and maintain macroeconomic stability; directing credit towards production and business, priority sectors, and growth drivers. The Ministry of Finance will strengthen revenue management, expand the revenue base, and ensure resources for political tasks and urgent expenditures.

The Ministry of Industry and Trade, the Ministry of Finance, and corporations and general companies shall ensure energy and petroleum balance in all situations; advise on amending regulations and removing obstacles regarding the mechanism for direct electricity trading and the development of self-produced and self-consumed electricity; and effectively implement the revised Power Development Plan VIII.

Along with that, we will continue to develop culture and society, prevent and mitigate natural disasters, protect the environment; and promptly reward collectives and individuals with outstanding achievements..../.

Minh Ngoc

Source: https://baochinhphu.vn/chu-dong-quyet-liet-sat-sao-hon-nua-de-hoan-thanh-cac-muc-tieu-cua-nam-2025-102250906095656372.htm