Lao Dong reporter had an interview with General Director of the General Statistics Office Nguyen Thi Huong (photo) to review the economic picture in 2024 and name the growth drivers in 2025.
How do you evaluate our country's economy in 2024 when growth reaches 7.09%?
- It can be affirmed that the growth rate of 7.09% in 2024 has shown a strong recovery of the economy compared to the previous year.In the total added value of the whole economy, the agriculture, forestry and fishery sector increased by 3.27%, contributing 5.37%; the industry and construction sector increased by 8.24%, contributing 45.17%; the service sector increased by 7.38%, contributing 49.46%.Notably, the processing and manufacturing industry increased by 9.83%; the electricity production and distribution industry increased by 10.05%.
In addition, the total retail sales of goods and consumer service revenue increased by 9.0% over the previous year, achieving the set target.In the whole year of 2024, the total import and export turnover of goods reached 786.29 billion USD, an increase of 15.4% over the previous year.
Socially, workers' income also increased by 8.6% and labor productivity increased by 5.88%. These are the figures that prove to the world the strong economic and social recovery and development of our country in 2024.
In 2025, what advantages will we have to promote economic development, madam?
- In 2025, we will have many favorable factors. From the production perspective, the agriculture, forestry and fishery sector is showing a clear growth trend thanks to export momentum, strong application of science and technology and opportunities from FTA agreements. The industry is forecast to maintain a growth rate of about 7-9%, with the main driving force being exports, public investment and technology transformation. The service sector also has a good growth trend thanks to the recovery of tourism activities and import and export of goods and services.
In particular, the policy institutions and business environment are being urgently improved and synchronized. We have the opportunity to expand the market, participate more deeply in the global supply chain and attract investment when Vietnam actively participates in free trade agreements.
Investment in infrastructure and high-tech industry is being strongly oriented and focused on. The digital and technological transformation process being deployed in both the state apparatus and economic units will create new momentum for development.
In 2025, the Government has set a growth target of 8%, even double digits. So what growth drivers will we have to achieve this challenging target?
- With the goal of developing and overcoming the middle-income trap, achieving the world's upper middle-income level, we need to have aspirations and set goals to strive for.
Currently, the world economic situation is gradually stabilizing, which will have a positive impact on the economies of countries around the world, including Vietnam. Domestically, the Government and the Prime Minister have focused on implementing solutions for socio-economic development, promoting economic growth, maintaining macroeconomic stability, controlling inflation, and ensuring major balances.
The trend of shifting global supply chains is creating great opportunities for Vietnam to attract foreign investment in the industrial sector. Digital economy, digital transformation and innovation are identified as new growth drivers, the foundation for increasing productivity and efficiency of the economy.
Public investment is being strongly implemented. 2025 is the final year of the 2021-2025 medium-term public investment plan, with a record public investment level of up to VND 791,000 billion (equivalent to 6.4% of GDP) approved by the National Assembly.
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