PM requests measures to fulfil 2025 growth target of 8% or higher

Prime Minister Pham Minh Chinh requested for measures to achieve the 2025 growth target of 8% or higher, while chairing the regular Government meeting held in Hanoi on March 5.

The meeting focused on evaluating socio-economic performance in February and the first two months of this year, and discussing national target programs, public investment disbursement, the implementation of Government’s Resolution No. 25 on growth targets for sectors, fields and localities to ensure the national growth target of 8% or higher in 2025; and other matters, including  rice production and export. 

PM Chinh emphasized the need to take into consideration some key issues in direction and management tasks, including rice market, monetary policy, fiscal policy, interest rate management, and taxes and fees to support businesses.

The Ministry of Finance reported that the country has gained positive socio-economic growth in the first two months of the year. The consumer price index (CPI) increased 3.27% compared to the same period last year. The export-import turnover surged 12%, with a trade surplus of $1.47 billion. Foreign direct investment (FDI) inflow reached over $6.9 billion, up 35.5% year-on-year, while FDI disbursement hit nearly $3 billion USD, rising 5.4%. Industrial production has seen strong growth, with the index of industrial production (IIP) jumped 16.7% in February and 7% in the two-month period.