Continue to implement measures to promote economic growth

In 2025, focus on promoting growth with the target of reaching 8% or more associated with maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy; harmoniously developing the economy with society and protecting the environment, ensuring national defense and security; creating the premise for higher growth.

Firmly targeting growth in 2025

According to data, Vietnam's economy in the first quarter of 2025 still maintained a fairly impressive growth momentum. GDP is estimated to increase by 6.93% over the same period last year, reaching the highest growth rate compared to the first quarter of the years in the period 2020 - 2025.

Industrial production continued to flourish, with the index of industrial production (IIP) in the first quarter of 2025 estimated to increase by 7.8% over the same period last year. Total import-export turnover of goods also increased by 13.7% over the same period last year, reaching 202.52 billion USD.

In the first quarter of 2025, the whole country had 36,400 newly registered enterprises, with a total registered capital of nearly 356,800 billion VND. (Photo: Finance Magazine)

The consumer price index (CPI) in March 2025 decreased by 0.03% compared to the previous month, showing that inflation was controlled at a relatively stable level. The average CPI in the first quarter of 2025 increased by 3.22% compared to the same period last year, still within the set target. Controlling inflation helps create a stable macroeconomic environment, supporting economic growth.

Vietnam continues to be an attractive destination for foreign investors. Foreign direct investment (FDI) realized in the first quarter of 2025 is estimated at 4.96 billion USD, up 7.2% over the same period last year. Total registered FDI in Vietnam as of March 31, 2025 reached 10.98 billion USD, an impressive growth of 34.7% over the same period last year. This shows that foreign investors still have confidence in the growth prospects of Vietnam's economy.

The development of domestic enterprises also has many positive signs. In the first quarter of 2025, the whole country had 36,400 newly registered enterprises, with a total registered capital of nearly 356,800 billion VND.

The total number of newly established and resuming enterprises in the first quarter of 2025 reached more than 72,900, an increase of 18.6% over the same period last year. The increase in the number of newly established and resuming enterprises shows the recovery and development of the private economic sector, creating momentum for economic growth.

Although Vietnam’s economy has achieved many positive results, it also faces many challenges. The situation of counterfeit goods, fake goods and origin fraud is complicated, greatly affecting consumer confidence and the business environment. In addition, new US tax policies and global trade tensions also pose risks to Vietnam’s capital flows and international trade.

To maintain growth momentum and overcome challenges, Vietnam needs to continue improving its investment and business environment, creating favorable conditions for businesses to develop. At the same time, it is necessary to strengthen market management, strictly control counterfeit goods, fake goods and origin fraud, protect consumer rights and the reputation of Vietnamese goods.

Key solutions to promote economic growth

Recently, Prime Minister Pham Minh Chinh signed Official Dispatch No. 47/CD-TTg dated April 22, 2025 on a number of key tasks and solutions to promote economic growth in 2025.

The telegram stated that since the beginning of 2025, the world situation has seen many new, complicated, and unpredictable developments, with more intense strategic competition among major countries, widespread trade wars, and declining world economic prospects, posing many difficulties and challenges. In the country, based on the reality and development requirements, according to the proposal of the Government, the Central Committee, and the Politburo, the conclusion has been made to adjust the growth target for 2025 to 8% or more and double digits in the following years, on that basis, the National Assembly and the Government have issued a Resolution for implementation.

To successfully achieve the above goals and targets, the Prime Minister requested members of the Government, heads of ministerial-level agencies, government agencies, and Chairmen of People's Committees of provinces and centrally run cities to focus on leading, directing, and implementing a number of key tasks and solutions. Accordingly, continue to resolutely and effectively implement the Conclusions and Resolutions of the Central Executive Committee, the National Assembly and the Government, and the Prime Minister's directions on policies, viewpoints, tasks, and solutions for socio-economic development in 2025 and the 2021-2025 period.

At the same time, priority will be given to promoting economic growth associated with macroeconomic stability, controlling inflation, and ensuring major balances of the economy. Continue to innovate and promote traditional growth drivers including investment, consumption, and export.

Along with that, effectively exploiting new growth drivers; breakthroughs in science and technology development, innovation, digital transformation; promoting the development of digital economy, green economy, circular economy, creative economy, sharing economy, emerging industries and fields such as: artificial intelligence, big data, cloud computing, new energy, biomedicine, cultural industry, entertainment industry... promoting new business models.

At the same time, mobilize social resources for development to the maximum; in which, build a plan to mobilize maximum resources of the State, enterprises and people for development investment; State corporations and groups continue to improve the efficiency of production and business activities, management capacity and quality of human resources; focus on investing in large, focused and key projects that have spillover effects, create momentum and promote socio-economic development...

Resolution No. 192/2025/QH15 of the National Assembly on supplementing the Socio-Economic Development Plan for 2025 clearly states that the growth target of 8% or more is associated with maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy; harmonious development between the economy and society and environmental protection, ensuring national defense and security; creating a premise for higher growth in the following years.

According to Finance Magazine
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Source: https://thoidai.com.vn/tiep-tuc-thuc-hien-cac-bien-phap-thuc-day-tang-truong-kinh-te-213177.html