Economic highlights in the first half of 2025
The highlight of the economy in the first half of 2025 is ensuring macroeconomic balance and stability, with high and even growth in all sectors and localities.
According to the General Statistics Office, in the first 6 months of the year, the country's GDP increased by 7.52% over the same period last year, the highest level of the first 6 months in the period 2011 - 2025. Specifically, the agriculture, forestry and fishery sector increased by 3.84%, industry and construction increased by 8.33%, services increased by 8.14% (the highest increase compared to the same period in the period 2011 - 2025) and the proportion of the 3 corresponding sectors in GDP is 11.28% - 36.96% - 43.40%. The growth drivers focus on the processing and manufacturing industry (up 10.11%), foreign trade, transportation, tourism , wholesale and retail, finance, banking and insurance, etc.
Many other macroeconomic indicators have had positive growth, such as total state budget revenue; goods export (up 14.4%); trade surplus of goods (7.63 billion USD) and service export (up 21.2%)...
The business community continues to expand. Nationwide, more than 152,700 businesses registered for new establishment and resumption, up 26.5% over the same period. The number of businesses withdrawing from the market was 127,200, up 15.5%.
The stock market flourished with the continuous increase in foreign capital inflows, causing the average trading value in the stock market to increase by 1.4% compared to the average in 2024; the average trading value in the bond market increased by 19%.
The growth momentum from the domestic market has improved considerably, with total retail sales of goods and consumer service revenue at current prices estimated to increase by 9.3% (excluding price factors, the increase was 7.2%). Total social investment capital at current prices is estimated to increase by 9.8% over the same period last year.
In particular, Vietnam continues to be an attractive destination for foreign capital, with the total newly registered capital, adjusted registered capital, and value of capital contributions and share purchases by foreign investors reaching 21.52 billion USD, up 32.6% over the same period last year. Realized FDI capital is estimated at 11.72 billion USD, up 8.1% and the highest six-month period in the past 5 years. International visitors to Vietnam reached nearly 10.7 million, up 20.7%.
Social issues also improved, including the rate of trained workers (up 1%); average income of workers (up 10.1%) and unemployment rate of 2.22%, down 0.05 percentage points compared to the same period last year. Ensuring social security is always implemented promptly and effectively by all levels and sectors.
The emulation movement "Join hands to eliminate temporary and dilapidated houses" nationwide is expected to reach its finish line in 2025, having so far supported 262,843 houses.
Challenges and solutions towards the target of 8% GDP growth
The biggest challenge in the second half of the year is to maintain the target of more than 8% GDP growth for the whole year of 2025, while the world economy is slowing down and only 37.3% of surveyed domestic processing and manufacturing enterprises forecast that business in the third quarter will be better than the second quarter.
Inflationary pressure in the second half of the year also increased because in the first half of 2025, total means of payment increased by 7.09% compared to the end of 2024 (3 times higher than the same period); capital mobilization of credit institutions increased by 6.11% (same period last year increased by 1.82%); credit growth of the economy reached 8.30% (same period last year increased by 4.85%). CPI increased by 3.27%; core inflation increased by 3.16%. The average gold price index increased by 37.4%. The average US dollar price index increased by 3.3%.
Furthermore, the second half of 2025 will be the period of application of new reciprocal tariffs of the United States, creating large tariff barriers, reducing the competitiveness and profits of exports from countries, including Vietnam, to the world's largest market.
According to the Government's direction, to achieve the growth target of more than 8%, all levels and sectors need to continue to promote the spirit of responsibility, solidarity, unity, thoroughly grasp, and implement more synchronously, comprehensively, and effectively the newly issued policies and solutions and the two-level local government model, focusing on the Politburo's resolutions on science and technology, innovation, national digital transformation; law making and enforcement; international integration and private economic development.
In addition, it is necessary 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 with strong spillover effects, transport infrastructure projects, health care, education, high value-added sectors; resolutely prevent and combat smuggling, trade fraud, and counterfeit goods.
The task is to manage exchange rates and interest rates in a synchronous, harmonious and reasonable manner; reduce the lending interest rate level; direct credit to production and business sectors, priority sectors and growth drivers; manage credit growth according to market mechanisms and assess the risks of each credit institution, and at the same time develop a set of criteria for credit safety control.
Promoting the disbursement of public investment capital, especially for important national projects and works, and key transport projects, also plays a very important role. In addition, it is necessary to simultaneously promote industrial production, enhance trade promotion, boost exports and prevent and combat smuggling, trade fraud, counterfeit goods, and infringement of intellectual property rights; proactively respond to and reduce damage caused by natural disasters, especially during the rainy and stormy season.
Other tasks that need attention are promoting administrative procedure reform and national digital transformation; effectively handling difficulties and problems in backlogged projects; resolutely preventing and combating corruption, negativity and waste; strengthening information and communication, especially policy communication, to create social consensus...
Source: https://hanoimoi.vn/giai-phap-huong-den-dich-8-gdp-nam-2025-711169.html
Comment (0)