According to the Statistics Office (Ministry of Finance), the growth rate of domestic gross domestic product in the first 6 months of 2025 reached 7.52% compared to the same period last year (in which the preliminary price in the first quarter increased by 7.05%, the estimate in the second quarter increased by 7.96%) which is considered positive in the context of many fluctuations in the world economy.
In the first quarter socio-economic reporting period, after having estimated the results of the first quarter and assessing the room for growth in the following quarters, the Statistics Office updated the target growth scenario of 8% (quarter 1 increased by 6.93%, quarter 2 increased by 8.19%, first 6 months of the year increased by 7.58%, quarter 3 increased by 8.27%, quarter 4 increased by 8.46%, the whole year increased by 8%).
The Statistics Office said that in the first 6 months of the year, GDP growth results of 7.52% are approximately the target of the updated growth scenario in the first quarter. This will reduce pressure on the following quarters and be a positive foundation for growth in the whole year of 2025. However, this is only a necessary condition for the growth target of 8%. To realize this goal, in the last 6 months of the year, it is necessary to exploit the maximum growth potential, synchronously, flexibly and promptly implement solutions and policies for economic development.
According to Ms. Nguyen Thi Huong - Director of the Statistics Office (Ministry of Finance), in the last 6 months of the year, there is a lot of room to promote economic growth. Ms. Huong analyzed - For example, public investment will be an important driving force for economic growth in the last 6 months of the year. Policies and solutions to promote the disbursement of public investment capital are being vigorously implemented by the Government, ministries, and localities towards the goal of disbursing 100% of public investment capital, which will create room for growth in the last 6 months of the year. Especially key national infrastructure projects such as highways, airports, large urban belt projects, energy projects, etc.
In addition, Ms. Huong believes that science and technology, digital transformation and innovation will be the key driving force, playing a strategic role. The explosion of science and technology, innovation, and digital transformation will open up opportunities for businesses to access and apply AI technology in production activities to reduce costs to improve labor productivity and increase competitiveness.
According to the Director of the Statistical Office, the next room is credit. Credit growth strives for credit growth to reach 16%, adjusted in accordance with developments and reality in 2025, which will create a lot of room for economic growth, mainly through the provision of abundant capital to stimulate production and business, promote investment and consumption in the whole society.
In addition, Ms. Huong assessed that consumption is also supported by the 2% VAT reduction policies effective from July 1, 2025 for many goods and domestic consumption-stimulating trade policies. The support provisions under Decree 178 will contribute to promoting consumption, investment, and asset accumulation, thereby promoting economic growth.
"From growth potential, the Statistics Office updated the economic growth scenario for 2025 as follows: the first 6 months of the year increased by 7.52%, the last 6 months of the year increased by 8.42%, the whole year increased by 8% (in which the first quarter increased by 7.05%, the third quarter increased by 7.96%, the third quarter increased by 8.33%, the fourth quarter increased by 8.51%)" - Ms. Huong informed.
