The Government holds a regular meeting to assess the socio-economic situation in July and the first 7 months of 2025

The conference was connected online from the Government Headquarters to 34 provinces and cities. At the Hung Yen province’s bridge point, the conference drew the attendance of comrades: Nguyen Huu Nghia, Member of the Party Central Committee, Secretary of the Provincial Party Committee; Nguyen Khac Than, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; comrades of the Standing Board of the Provincial Party Committee, leaders of the Provincial People's Committee; leaders of departments, branches and sectors of the province.

Delegates attend the conference at the Hung Yen province’s bridge point.

In July and the first 7 months of 2025, the socio-economic situation of the country achieved a lot of important and positive results in most fields. Many important indicators and indexes on growth, production and business, enterprises, state budget revenue, investment, export, consumption, etc. continue to trend positively, each month is better than the previous month, each quarter is higher than the previous quarter. The industrial production in the first 7 months of the year continues to maintain growth momentum. The index of industrial production (IIP) is estimated to increase by 8.6% compared to the same period in 2024. The number of employees working in industrial enterprises as of July 1 increased by 1% compared to the same period last month and increased by 3.9% compared to the same period in 2024.

In the first 7 months of 2025, in the whole country there are 107.7 thousand newly registered enterprises with a total capital of VND 928.4 trillion and a total registered number of 670 thousand employees, seeing an increase of 10.6% in the number of enterprises, an increase of 5.5% in the registered capital and an increase of 11.6% in the number of employees compared to the same period in 2024. The average registered capital of a newly established enterprise in the first 7 months of 2025 reached VND 8.6 billion, down 4.6% compared to the same period in 2024.

The investment capital implemented from the State budget is estimated to reach 378.3 trillion VND, equivalent to 40.7% of the annual plan and an increase of 25.4%. Total registered foreign investment capital in Vietnam as of July 31, 2025 reached 24.09 billion USD, an increase of 27.3%. The foreign direct investment capital implemented in Vietnam is estimated at 13.6 billion USD, an increase of 8.4%. Total state budget revenue in 7 months is estimated at 1,577.5 trillion VND, equivalent to 80.2% of the annual estimate and an increase of 27.8% over the same period in 2024.

In the first 7 months of the year, the total import and export turnover of goods reached 514.7 billion USD, seeing an increase of 16.3% over the same period in 2024, of which exports increased by 14.8%; imports rose by 17.9%. The trade balance of goods had a surplus of 10.18 billion USD.

The favorable visa policies, tourism promotion and advertising programs have been promoted, along with the activities to celebrate major national holidays, attracting more and more international visitors to Vietnam. In the first 7 months of 2025, international visitors to Vietnam reached 12.23 million, an increase of 22.5% over the same period in 2024...

At the meeting, delegates focused on assessing the situation; analyzing lessons learned from the beginning of the year and the past 5 years to continue promoting and proposing tasks and solutions to continue boosting socio-economic development, accelerating, making breakthrough boldly and more rapidly to achieve the goals set for 2025 and the entire term of the 13th National Party Congress.

Concluding the meeting, Prime Minister Pham Minh Chinh emphasized: Ministries, sectors, localities and the entire political system need to mobilize all forces, accelerate the implementation of key solutions, and be determined to achieve the GDP growth target of 8.3 - 8.5% in 2025.

Prime Minister Pham Minh Chinh chairs the online Government’s regular meeting in July with provinces and centrally-run cities. Photo: VGP/Nhat Bac.

To achieve the above goal, the Prime Minister requested ministries, sectors and localities to promote the highest sense of responsibility, continue to thoroughly grasp and seriously, synchronously, comprehensively and effectively implement the Resolutions and directions of the Central Committee, the Politburo, the National Assembly and the Government; focus on removing difficulties, maximizing the room for new development, creating stronger and more substantial changes in economic growth in the last months of the year.

To continue to boost public investment disbursement, attract social investment, focus resources to complete strategic infrastructure projects. To strive to disburse 100% of the public investment capital plan in 2025; complete 3,000km of highways, 1,700km of coastal roads. To attract private investment capital of VND 1.5 million billion, FDI realized about USD 16 billion. To operate monetary and fiscal policies flexibly and effectively, support production and business, promote growth. The State Bank continues to reduce lending interest rates, control credit reasonably. The Ministry of Finance saves an additional 10% of regular expenditure to reserve resources for social security, remote and isolated areas and bolster investment and development. In addition, strongly develop the domestic market, beef up domestic consumption, increase e-commerce growth by over 25%; strongly carry out the campaign "Vietnamese people prioritize using Vietnamese goods".

To focus on developing new growth drivers such as digital transformation, green economy, circular economy, science and technology, cultural industry, AI, big data... To proactively upgrade the stock market, accelerate the construction of international financial centers, free trade zones, and border economic zones in some key localities.

To strengthen effective and efficient administration, continue to conduct the two-tier local government model; prepare well for the Party congresses at all levels towards the 14th National Party Congress. To prepare to inaugurate and start construction of works and projects to celebrate the 80th anniversary of the August Revolution and National Day September 2.

The Prime Minister also requested ministries, agencies, and localities to urgently develop growth scenarios with specific solutions for each month and each remaining quarter of the year, especially the GRDP target. To review the implementation of the four key resolutions of the Politburo. To resolutely remove difficulties in long-standing backlog projects. To focus on projects related to education, health, etc.; review school facilities to ensure they are clean before the new school year begins; pay attention to grassroots health care. To focus on preventing smuggling, trade fraud, counterfeit goods, and violations of intellectual property rights. To focus on the fields of culture and society, environmental protection, and climate change response; continue to maintain and strengthen national defense and security, and ensure social order and safety.