Estimated growth of 20/34 localities over 8% by 2025

VTV.vn - It is estimated that 20/34 localities will achieve a GRDP growth rate of 8% or more in 2025, of which 6 localities will have double-digit growth.

On the morning of December 6, Prime Minister Pham Minh Chinh chaired the regular Government meeting for November 2025 with a discussion agenda on many important contents.

6 localities with double-digit growth

Reporting at the meeting, Minister of Finance Nguyen Van Thang said that in November, the world situation continued to develop complicatedly, such as: trade tensions, geopolitical instability in the region; financial, currency, and commodity markets in the world fluctuated, posing many potential risks; natural disasters, historic storms and floods in Thailand, Indonesia, the Philippines... and South Asia caused heavy damage.

In the country, natural disasters, storms and floods have been extremely complex and unpredictable, especially since the beginning of the third quarter. The rare situation of "storm on storm, flood on flood" has caused widespread, historically high flooding, severely affecting people's lives, socio -economic development of localities and the country as a whole.

Minister of Finance Nguyen Van Thang

According to the report of the Ministry of Finance, in the context of many difficulties and major challenges, the macro economy was kept stable, inflation was controlled, major balances were ensured, and production and business were promoted.

The consumer price index (CPI) for 11 months increased by about 3.29% over the same period last year. The State budget revenue for 11 months is estimated at nearly 2.4 quadrillion VND, equal to 121.9% of the estimate and increased by 30.9% over the same period with the State budget revenue structure moving towards sustainability. Deficit and public debt are well controlled. Energy security and food security are maintained.

Notably, growth drivers continued to be promoted and renewed. Total registered FDI capital in 11 months reached nearly 33.7 billion USD, up 7.4% over the same period last year, realized FDI capital was about 23.6 billion USD, up 8.9%. Total import-export turnover in 11 months is estimated at nearly 840 billion USD, up 17.2%, trade surplus reached 20.53 billion USD. Total retail sales of goods and consumer service revenue in 11 months increased by 9.1%; international arrivals reached 19.15 million, up 20.9%.

At the same time, production and business grew positively. The Industrial Production Index (IIP) in November increased by 2.3% compared to the previous month and by 10.8% compared to the same period last year; the total increase in 11 months was 9.3%.

It is estimated that 20/34 localities will achieve a GRDP growth rate of 8% or more in 2025, of which 6 localities will have double-digit growth: Quang Ninh, Hai Phong, Ninh Binh, Phu Tho, Bac Ninh and Quang Ngai.

Natural disasters reduce the country's GDP growth by about 0.1%.

In addition to the achievements, Minister Nguyen Van Thang also clearly analyzed the existing difficulties and challenges. Specifically, the growth task in 2025 still has many challenges.

The remaining time of 2025 is very short, while growth drivers of investment, consumption, and export continue to face risks and difficulties from external markets, US tariff policies, etc., and internal problems of the economy.

Disbursement of public investment capital in 11 months only reached 60.6% of the plan; the progress of some key projects was affected by landslides, prolonged rains and floods. Private investment has not met expectations; investment promotion and attraction of large-scale FDI projects still face obstacles.

“Incomplete estimates show that natural disasters caused the GRDP growth rate in the fourth quarter of Hue City, Dak Lak, Gia Lai, Khanh Hoa... to decrease by about 1%, the whole year to decrease by about 0.2-0.3% and reduced the country's GDP growth in the fourth quarter by about 0.1%,” Minister Nguyen Van Thang informed.

Natural disasters are estimated to reduce the country's GDP growth in the fourth quarter by about 0.1%.

In addition, the macro economy is basically stable, but under a lot of pressure. Natural disasters in the last month of the year continue to be complicated and unpredictable. Smuggling, trade fraud, counterfeit goods, etc. often develop complicatedly at the end of the year. Air pollution in large cities continues to need attention.

In that context, Minister of Finance Nguyen Van Thang proposed that all levels, sectors and localities need to be more proactive, resolute and closely follow up in organizing the implementation of a number of key task groups.

According to the Minister, it is necessary to consistently implement the priority goal of maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy to create a favorable investment and business environment, promoting rapid and sustainable growth.

Continue to focus on preventing, combating and overcoming the consequences of natural disasters, stabilizing people's lives, and restoring production and business. In particular, deploying the "Quang Trung Campaign" to rebuild and repair houses for people; supporting businesses, cooperatives, and business households to restore operations, avoiding disruptions in supply chains and contracts...

Source: https://vtv.vn/uoc-tinh-20-34-dia-phuong-tang-truong-tren-8-nam-2025-100251206104727067.htm