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| Products of Dong Nai enterprises participating in a trade promotion program. Photo: V.GIA |
The US tariff policy, wars, military clashes, and world instability continue to occur, requiring specific and flexible solutions to ensure the province's economic growth in 2025 reaches 10% and the country's is more than 8% as the set target.
The first half of the year grew quite well.
According to the General Statistics Office, in the first 6 months of 2025, Vietnam's economy has many unfavorable factors affecting it, the world situation continues to be complicated, unpredictable, and difficult to predict. The US tariff policies and the reactions of other countries disrupting the supply chain, the risk of trade war have negatively impacted global economic growth. Along with that are other factors such as: slow recovery of the world economy, domestic consumption demand has not recovered to the level before the Covid-19 pandemic...
To respond to tariff policies, Vietnam needs to proactively strengthen its supply chain, make its origin procedures transparent, and enhance its trade coordination capacity to ensure that Vietnamese goods are not classified as transit goods and subject to tariffs of up to 40% when entering the US market.
However, the positive growth result of 7.52% is still a very high number compared to the growth of the same period in most recent years.
In the total added value growth of the entire economy, the agriculture, forestry and fishery sector increased by 3.84%, contributing 5.59%; the industry and construction sector increased by 8.33%, contributing 42.20%; the service sector increased by 8.14%, contributing 52.21%. According to Director of the General Statistics Office Nguyen Thi Huong, this is considered a positive result, reducing pressure on the following quarters and creating a positive foundation for growth throughout the year.
In Dong Nai, the economy grew well, higher than the scenario. The GRDP growth rate in the first 6 months of the year reached 8.23% (ranked 13th out of 34 provinces and cities). This was thanks to many positive and optimistic changes in public investment disbursement. In addition, the whole province exported nearly 16 billion USD worth of goods, with Dong Nai province (old) alone having a trade surplus of nearly 3.9 billion USD.
For the business community, the survey results on business trends of the processing and manufacturing industry in the second quarter of 2025 showed that 35.7% of enterprises assessed the production and business situation as better than in the first quarter; it is expected that in the third quarter, 37.3% of enterprises will assess the trend to be better than in the second quarter. Enterprises are also somewhat optimistic about customers.
According to Mr. Pham Ngoc Duy, Factory Director of Huynh Duc Production - Trade - Service Company Limited (Amata Industrial Park), the company's products have quite good sales, especially with foreign partners investing in Vietnam and exporting to Japan.
Take advantage of year-end opportunities for growth
With the first half of the year growing 7.52%, the General Statistics Office set a scenario of 8.42% growth for the last 6 months of the year, so that Vietnam's economy will grow 8% for the whole year. Of which, the first quarter increased by 7.05%, the second quarter increased by 7.96%, the third quarter increased by 8.33%, and the fourth quarter increased by 8.51%.
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| Products of Dong Nai enterprises participating in a trade promotion program. Photo: Van Gia |
According to experts, there is still room for growth throughout the year. Sharing in a program organized by the Vietnam Federation of Commerce and Industry in early July 2025, Dr. Do Thien Anh Tuan - lecturer at the Fulbright School of Public Policy and Management, commented that President Donald Trump's comments on social media about imposing a 20% tax on goods produced in Vietnam and a 40% tax on goods transited from a third country to Vietnam ("transshipping"), although not yet an official policy decision from the White House or the US Department of Commerce, are considered a highly directive signal and should be seriously evaluated as a realistic policy possibility. The 20% tax rate is much lower than the 46% previously proposed. Bringing this figure to a manageable threshold shows Vietnam's remarkable efforts. In the regional context, this is not a very disadvantageous tax rate.
Vietnam still has room for domestic policies to support export enterprises in coping with increased costs. The government can implement measures such as tax and logistics fee reductions, export credit incentives, and traceability support. In addition, boosting public investment in seaport and road infrastructure and digitizing customs procedures are also solutions to help reduce operating costs and maintain competitiveness.
On the local side, on June 30, 2025, Chairman of the Provincial People's Committee Vo Tan Duc also signed and issued Plan No. 2331 - the action plan of the Provincial People's Committee on a number of key tasks and solutions to promote economic growth of Dong Nai province in 2025 to reach 10%.
Accordingly, the Provincial People's Committee requires relevant agencies to proactively develop detailed scenarios for each quarter, 6 months, 9 months and the whole year on striving for economic growth in 2025; streamline the apparatus, operate effectively and efficiently. Strive for the budget revenue in 2025 to increase by at least 10% compared to 2024. The province focuses resources to disburse public investment capital to reach 100% of the plan; speed up the implementation of key national projects and works in the area, while promoting the development of urban economy, regional economy, regional linkages...
Van Gia
Source: https://baodongnai.com.vn/kinh-te/202507/kich-ban-cho-tang-truong-kinh-tenua-cuoi-nam-72f29b6/
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