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Keeping a firm grip on the macro economy: Growth in the first 6 months of the year in a difficult situation

Amidst the volatile global economy, Vietnam's economy has remained steady through the first half of 2025 with many positive highlights. GDP growth reached 7.52%, among the highest in the region, inflation was effectively controlled, trade continued to have a trade surplus...

Thời ĐạiThời Đại14/07/2025

Entering 2025, the world situation continues to have many rapid, complex and unpredictable changes, but Vietnam's economy in the first 6 months of the year reached 7.52% - the highest growth rate in 6 months in the period 2011-2025.

Statistics show that our country's economic growth is on the rise, with each month being higher than the previous month, each quarter being higher than the previous quarter. If the growth rate in the first quarter was 6.93%, the growth rate in the second quarter was 7.96%. Our country's macro economy continues to be stable, inflation is under control, and major balances are ensured. Notably, the state budget revenue in the first 6 months of the year exceeded 1.3 million billion VND, equal to 67.7% of the estimate and increased by 28.3% over the same period last year.

To achieve this result, the flexible and timely management role of the Government and the Prime Minister is required to promptly implement the Resolutions of the Party and the National Assembly . Right from the beginning of the year, the Government and the Prime Minister continuously issued Resolutions and telegrams directing and urging ministries, branches and localities to carry out important tasks to remove difficulties for businesses and the economy.

GDP của nước ta trong 6 tháng đầu năm đạt 7,52%
Illustrative photo: Our country's GDP in the first 6 months of the year reached 7.52%. (Source: VOV.VN)

On February 5, 2025, the Government issued Resolution No. 25 on the growth target of 8% or more in 2025. Consistent with that target, on May 31, 2025, the Government continued to issue Resolution No. 154, requiring all levels, sectors, and localities to focus on directing and operating so that in 2025, the country's GDP growth target of 8% or more will be achieved, with a GDP scale of over 500 billion USD.

Prime Minister Pham Minh Chinh emphasized: “This is an extremely important and difficult task, requiring the drastic and synchronous participation of the entire political system, the business community, and the people of the whole country. At the same time, we have to do many things, besides rapid but sustainable growth, we have to stabilize the macro-economy, control inflation, ensure social security, and leave no one behind. We do not sacrifice social progress and equity, we do not sacrifice environmental protection to pursue pure growth.”

The spirit of “High determination, great effort, and drastic action” has spread to every sector, every level, and every locality, creating confidence and momentum in society. In the first 6 months of the year, Vietnam’s economy “went against the current” of the global economic outlook, becoming a bright spot in growth.

The Government's proactive, flexible and decisive response to complex and sensitive issues in the world, demonstrated through its management, has been recognized and highly appreciated by experts and the business community. Since the beginning of the year, the Government has organized more than 60 working trips with localities and over 1,000 conferences and meetings to thoroughly handle and resolve issues and directly direct and inspect work progress. With the urgency and determination of the Government, many projects with legal problems have been resolved, contributing to strengthening businesses' trust in an active and creative Government.

Mr. Nguyen Kim Hung, Vice President of the Vietnam Association of Small and Medium Enterprises, acknowledged: “The trust factor of economic sectors, including the business community, has increased significantly. In the context of many fluctuations in the domestic and international markets, in the past we could plan a 5-year plan, but now one year is already a long time. From the perspective of businesses, we see that this has been recognized, evaluated and felt by the State management agency and has accompanied the business community and economic sectors in the breath of the market.”

Over the first 6 months of the year, the acceleration of the economy every month is quite clear, and this is the basis for increasing market confidence, reflected in the increase in the number of newly established and resuming businesses. In June 2025, the number of newly established businesses reached a record for the first time, more than 24 thousand businesses, higher than the previous average of about 15 thousand businesses. Notably, the number of businesses returning to operation in June reached more than 14 thousand businesses, an increase of more than 91% over the same period last year. In the first 6 months of 2025, there were more than 61 thousand businesses returning to operation, an increase of more than 57% over the same period.

GDP của nước ta trong 6 tháng đầu năm đạt 7,52%
Our country's GDP in the first 6 months of the year reached 7.52%. (Source: VOV.VN)

Ms. Trinh Thi Huong, Deputy Director of the Department of Private Enterprise and Collective Economy Development under the Ministry of Finance, said: “This is the first time that the total number of enterprises entering and re-entering the market is 1.2 times higher than the number of enterprises withdrawing, showing that the business community's confidence in the prospects of economic recovery and development is being strongly strengthened. Another special point is that the additional capital of operating enterprises has also increased very impressively, with an increase of over 170% compared to the same period in 2024. These are operating enterprises and they have plans to expand their capital scale. Thus, it is clear that the confidence of enterprises as well as their perception of business opportunities as well as the potential of the market are very positive.”

International experts highly appreciate the steadfastness in development orientation, consensus in the political system and clear commitment to institutional reform goals as extremely important factors for Vietnam to achieve impressive growth results, in the "difficult situation" of the global context.

Mr. Carl Bernadac - Director of the Economic Forecasting and Public Policy Department of the French Development Agency (AFD) expressed: “We are impressed with what is happening in Vietnam towards institutional rationality, helping to remove barriers and institutional challenges that we have encountered in many countries. It is very promising in terms of the ability to implement complex policies, balancing macroeconomic stability, economic growth, employment and energy transition, and resilience to climate shocks”.

Although still facing many difficulties and challenges, with the results achieved in the first 6 months of the year, many experts expressed optimism about the economic growth target of 8% or more in 2025. Promising factors include the promotion of public investment disbursement, the recovery of the manufacturing industry, the increasingly complete key infrastructure system, and the application of technology and innovation being implemented synchronously nationwide.

The Government's flexible management, the efforts of the entire political system, the business community and the people have been creating a new vitality, helping the country firmly overcome difficulties and challenges to achieve high growth results in 2025. More importantly, the implementation of the Politburo's strategic resolutions is paving the way for a new stage of development.

According to VOV.VN
https://vov.vn/kinh-te/giu-vung-tay-lai-vi-mo-6-thang-dau-nam-tang-truong-trong-the-tran-kho-post1214240.vov

Source: https://thoidai.com.vn/giu-vung-tay-lai-vi-mo-6-thang-dau-nam-tang-truong-trong-the-tran-kho-214819.html


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