The Ministry of Finance reported that the national economy in the first two months of the year performed better than the previous month and compared to the same period last year.

The country continued to maintain macroeconomic stability, with the consumer price index rising 3.27%, State budget revenue up 25.7%, import-export turnover up 12% resulting a trade surplus of US$1.47 billion, and industrial production index up 7.0%.

Registered foreign direct investment (FDI) reached over US$6.9 billion, an increase of 35.5% compared to the same period last year, with realized FDI reaching nearly US$3 billion, up 5.4%.

In addition, the Government and the Prime Minister directed focused efforts on completing institutional reforms, improving the investment and business environment, resolving backlogs and challenges, accelerating key infrastructure projects, and fostering new growth drivers.

Local governments and agencies worked decisively to ensure progress in organizational restructuring under Resolution 18 of the Party Central Committee.

There has been an increase in confidence from the public, businesses, domestic and international investors, financial institutions, and international credit rating agencies regarding the economy’s prospects, said the Ministry of Finance.

In his remarks at the meeting, Prime Minister Pham Minh Chinh pointed out increasingly complex and unpredictable developments in the global geopolitical and economic landscape that would impact Vietnam. These challenges include intensifying strategic competition among powers and trade protectionism policies that affect import – export activities and global supply and demand, alongside the slow recovery of the global economy.

Domestically, the Government must both carry out routine tasks and focus on restructuring the organizational apparatus in line with Resolution 18, prepare for the administrative reorganization of localities according to the latest guidance from the Politburo, and stimulate economic growth with a target of at least 8% for 2025. Other priorities include implementing the Politburo’s Resolution 57 on science and technology, innovation, and digital transformation, as well as organizing major national celebrations.

He spoke highly of socio-economic gains recorded in February and the past two months but cautioned against complacency, as the global economic recovery remains weak.

Vietnam is still a developing country with a small-scale economy, large openness, and limited resilience to external shocks, he reminded.

The Prime Minister therefore asked delegates to assess the socio-economic situation, draw lessons learned, analyze and forecast possible developments for March and the coming months, and work out solutions to effectively respond to new challenges.

He requested the delegates to propose key leadership, guidance, and management priorities for the upcoming period, aiming for a growth rate of at least 8% in 2025.

He also highlighted several specific issues to be addressed, such as the rice market situation, monetary and fiscal policies, interest rate management, public investment disbursement, and tax policies to support businesses.

Key solutions for achieving double-digit GDP growth

VOV.VN - Minister of Planning and Investment Nguyen Chi Dung has emphasized that for Vietnam secure double-digit GDP growth, the non-state economic sector must expand by at least 11% annually.