Positive economic indicators posted in early 2025: Government press conference
Vietnam's socio-economic situation continued to recover in January, with macroeconomic stability maintained, inflation put under control, and major economic balances ensured.
Minister-Chairman of the Government Office Tran Van Son speaks at the office's regular monthly press conference on the January socio-economic situation. (Photo: VNA)
Hanoi (VNA) –🅷 The Government Office on February 5 held its regular monthly press conference on the socio-economic situation in the first month of 2025.
Chairing the event, Minister-Chairman Tran Van Son reported that despite a shorter working month, the country's socio-economic situation continued to recover in January, with macroeconomic stability maintained, inflation put under control, and major economic balances ensured.
According to the Government’s spokesperson, the consumer price index (CPI) and core inflation increased by 3.63% and 3.07% year-on-year, respectively. The monetary, credit, and foreign exchange markets were stable, ensuring sufficient capital supply for the economy. As of January 20, total mobilised capital decreased by 0.43%, while credit for the economy rose by 0.08%, compared to the end of 2024.
State budget revenue for January was estimated at 275.9 trillion VND (10.96 billion USD), reaching 14% of the annual target and up 3.5% year-on-year. Meanwhile, state budget expenditure stood at 134.4 trillion VND, accounting for 5.3% of the target and increasing by 4.8% annually.
Registered foreign direct investment (FDI) exceeded 4.3 billion USD, 48.6% higher than that of the same period last year. Disbursed FDI reached over 1.5 billion USD, up 2%. Trade remained smooth, with total import-export turnover estimated at 63.15 billion USD, down 10.5% from the previous month and 3.5% year-on-year. The first month also saw a trade surplus of approximately 3 billion USD.
The industrial sector saw positive growth, with the index of industrial production (IIP) posting an annual rise of 0.6%. The service sector also performed well, with total retail sales of goods and consumer service revenue up by 9.5%.
Concerning business registration data, nearly 10,700 new enterprises were established in the month, a decrease of 30.3% year-on-year. However, the number of businesses resuming operations surged by 65.2% to nearly 22,800.
Major economic balances, energy security, and food security remained stable, with fiscal deficit, public debt, government debt, and national external debt all kept within safe limits./.
Prime Minister Pham Minh Chinh stressed the need of active policy response, strengthened solidarity of the political system and the people, and drastic actions to realise all set targets.
The Government leader asked for urgent, serious, synchronous and effective implementation of projects, tasks, and solutions outlined in resolutions and conclusions of the Party Central Committee, the National Assembly, and the Government, especially a supplementary plan for socio-economic development in 2025, aiming for a growth rate of at least 8%.
With specific goals aimed at changing scientific mindsets and approaches to realise policies, remove barriers and unlock abilities, Resolution 57 will contribute to creating breakthroughs in science and technology development, innovation, and digital transformation, and laying a strong foundation for the nation's robust development in the new era, Party General Secretary To Lam stated at a conference on January 13.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.