GDP in the first quarter of 2025 increased the highest in the same period in 5 years

This growth result exceeded the target set for the first quarter of 2025 in Resolution No. 01/NQ-CP, but did not reach the higher target in Resolution No. 25/NQ-CP dated February 5, 2025 due to the rapid changes in the world and many instabilities that have affected our country's socio -economy.

Accordingly, the agriculture, forestry and fishery sector increased by 3.74%, contributing 6.09% to the total added value of the entire economy; the industry and construction sector increased by 7.42%, contributing 40.17%; the service sector increased by 7.70%, contributing 53.74%.

The agricultural, forestry and fishery sector achieved its growth target in the first quarter with the harvest of some perennial crops, exploited timber output and aquaculture output increasing significantly thanks to the application of high technology and techniques to meet the requirements of the domestic market and exports. In the industrial and construction sector, industrial production continued to flourish. The added value of the entire industrial sector in the first quarter of 2025 increased by 7.32% over the same period last year (the same period last year increased by 6.71%), contributing 2.39 percentage points to the total added value of the entire economy. The processing and manufacturing industry was the growth driver of the entire economy with a growth rate of 9.28%, contributing 2.33 percentage points; The electricity production and distribution industry increased by 4.60%, contributing 0.18 percentage points; The water supply, waste and wastewater management and treatment industry increased by 8.81%, contributing 0.05 percentage points; The mining industry alone decreased by 5.76%, decreasing by 0.17 percentage points; The construction industry increased by 7.99%, higher than the growth rate of 7.57% in the first quarter of 2024, contributing 0.48 percentage points.

Regarding GDP use in the first quarter of 2025, final consumption increased by 7.45% over the same period last year, asset accumulation increased by 7.24%, exports of goods and services increased by 9.71%, and imports of goods and services increased by 12.45%.

Regarding orders, 23.3% of enterprises had a higher number of new orders in the first quarter of 2025 than in the fourth quarter of 2024; 47.4% of enterprises had a stable number of new orders and 29.3% of enterprises had a decrease in orders. In the trend of the second quarter of 2025 compared to the first quarter of 2025, 43.3% of enterprises expected the number of new orders to increase; 42.8% of enterprises expected the number to remain stable and 13.9% of enterprises expected a decrease.

Regarding export orders, in the first quarter of 2025 compared to the fourth quarter of 2024, 20.6% of enterprises confirmed that the number of new export orders was higher; 53.2% of enterprises had stable new export orders and 26.2% of enterprises had decreased new export orders. In the second quarter of 2025 compared to the first quarter of 2025, 37.8% of enterprises expected an increase in the number of new export orders; 48.9% of enterprises expected stability and 13.3% of enterprises expected a decrease...

Efforts to achieve growth target of over 8%

Ms. Nguyen Thi Huong - Director of the General Statistics Office ( Ministry of Finance ) commented: Entering the second quarter of 2025, our country's socio-economy continues to face many difficulties and challenges, especially since Vietnam's economy is highly open, so it is affected by the difficulties and challenges of the world economy; Economic, political, epidemic and natural disaster fluctuations are difficult to predict. Therefore, achieving the growth target of over 8% in 2025 is a big challenge, requiring the joint efforts and consensus of the entire political system, the Government, businesses and people of the whole country. Therefore, all sectors and levels must strengthen updating and forecasting the situation, proactively and flexibly manage in accordance with the new situation, promptly respond to arising situations, and firmly and effectively implement the goal of promoting growth associated with stabilizing the macro economy, controlling inflation, ensuring social security and people's lives.

Specifically, Ms. Huong said: The General Statistics Office made the following recommendations: First, persistently maintain macroeconomic stability; ensure major balances of the economy; ensure supply of goods and control prices and markets. Continuously update scenarios on growth and inflation, closely and effectively coordinate and harmonize macroeconomic management policies to maintain stability and growth of the economy; have solutions to manage interest rate, exchange rate, and credit growth policies in line with economic growth targets...

Second, ministries, branches and localities promote the implementation and disbursement of public investment capital, quickly and effectively deploy large-scale investment tasks and projects, and increase the attraction of high-quality foreign investment capital . Strongly implement provincial, regional and sectoral planning to create new momentum and capacity for economic development. Identify projects with the ability to absorb capital to accelerate implementation progress, especially key, large-scale projects with spillover effects; promote investment resources of corporations and state-owned enterprises; Attract and effectively use resources from the private sector and foreign sectors. Encourage and attract strategic investors, multinational corporations and support domestic enterprises in a number of high-tech and emerging fields such as artificial intelligence and digital transformation.

Third, promote consumption, focus on developing the domestic market. Effectively implement trade promotion programs, promote the distribution of goods through digital platforms and e-commerce; promote connections between domestic manufacturers and modern distribution channels to expand the consumption of domestic products nationwide; have policies to exempt, reduce, and extend taxes, fees, charges and land rents... to support people and businesses, promote production and business activities. Promote tourism promotion, improve the quality of tourism products, create highlights to attract more tourists.

Fourth, focus on effectively implementing solutions to promote exports. Boost exports to large, potential markets, effectively promote signed trade agreements and treaties. Effectively implement trade promotion activities, connect supply and demand, remove barriers, facilitate domestic consumption and export of agricultural, forestry and fishery products, etc.

Fifth, promote and create breakthroughs for new growth drivers, develop science and technology, innovation, digital transformation, and high-quality human resources. Promote the development of green economy, circular economy, e-commerce, and new business models. Support businesses in accessing and applying artificial intelligence, digital transformation, green transformation, developing circular economy, creative economy, and sharing economy; promote new business models, focusing on a number of industries such as wholesale, retail, processing industry, manufacturing, tourism, logistics, etc.

Sixth, strengthen disease prevention work; proactively develop plans to prevent natural disasters, warn of floods, landslides, impacts of drought, saltwater intrusion, have appropriate agricultural production plans and proactively provide irrigation and drainage, prevent and control diseases on crops and livestock; prevent forest fires.

Presentable

Source: https://baophapluat.vn/gdp-quy-i2025-tang-cao-nhat-cung-ky-5-nam-post544626.html