Sir, in the context of unpredictable fluctuations in the tariff situation, what solutions should we implement to achieve growth of 8% or more?
-In the context of complicated global economic fluctuations, Vietnam has achieved GDP growth in the first quarter of 2025, 6.93%, exceeding the set target (6.2-6.6%) and the highest in the period of 2020-2025. However, in order to achieve the growth target of 2025 from 8%or more, the last 9 months of the year need to achieve an average growth rate of 8.3%, with the second quarter of 8.2%, the third quarter is 8.3%and the fourth quarter is 8.4%.
To achieve this goal, it is necessary to promote public investment disbursement, striving for disbursement to reach 100% of the plan. Focus on national key projects such as high-speed railways, renewable energy and digital infrastructure. Promote the private economic sector, creating favorable conditions for businesses to access capital, land and markets. Encourage innovation and digital transformation in production and business.
In the context of current tariffs, it is necessary to quickly take advantage of free trade agreements to expand export markets, diversify products and markets to minimize risks from trade protection policies.
Stabilize the macro economy, control inflation in the range of 4.5-5%.Maintain stable exchange rates and interest rates, creating a favorable environment for domestic investment and consumption.Promote training and human resource development to meet the requirements of the digital economy and Industry 4.0, especially in the fields of high technology and high-quality services.
How should we develop policies to support businesses affected by US tariff policies, sir?
- Faced with the serious impact of the US countervailing tax policy, the Government has urgently implemented fiscal support policies to help businesses overcome difficulties, maintain production and stabilize employment.
In particular, the Ministry of Finance is tasked with chairing and coordinating with agencies and localities to urgently review and evaluate the impact of the US reciprocal tax policy for Vietnam. Since then, developing fiscal support policies for businesses and workers in the affected industries and fields. The government is also considering tax exemption, reduction and expansion policies for businesses affected by US tariffs. The State Bank of Vietnam is directed to expand preferential credit packages for businesses in the field of forest products, fisheries and wooden furniture affected by the reciprocal tariff policy of the United States. The Ministry of Industry and Trade is tasked with promoting trade promotion, effective exploitation of free trade agreements signed, urgently ending negotiations and starting negotiations and signing new FTAs with potential markets.
How should businesses proactively adapt and seek new opportunities, sir?
- In the context of the GDP growth target of 8% or more in 2025 set by the Government, Vietnamese enterprises need to proactively adapt and seek new opportunities to work with the country to achieve this target.
Faced with fluctuations in US tariff policies, businesses need to proactively expand export markets to other regions such as Europe, Japan, ASEAN and the Middle East. Taking advantage of free trade agreements such as EVFTA, CPTPP and RCEP will help reduce dependence on some traditional markets and expand access to new markets. Reversal
Promoting digital transformation and applying technology. In the context of physical trade disruption, digital channels such as e-commerce, digital services and technology finance have become important tools to maintain economic activities.
Increase investment in supporting and deep processing industries. Thereby increasing the added value of products, reducing dependence on imported raw materials and increasing autonomy in production. This is a necessary direction to improve competitiveness and adapt to new trade order. Enterprises need to proactively approach and take advantage of these policies to reduce costs, expand production and improve competitiveness. Reversal
With the above solutions, Vietnamese enterprises can proactively adapt and take advantage of opportunities to work with the country to achieve the GDP growth target of 8% by 2025. Determination, innovation and flexibility will be the key to overcoming challenges and rising strongly in the context of a volatile global economy.
Thank you!
