On the morning of August 7, speaking at the regular Government meeting, Minister of Finance Nguyen Van Thang said that in the first 7 months of the year, the entire system has made great efforts, determination, steadfastness with goals, flexibility, courage, determination in implementing work, preparing scenarios and proactively responding to the situation.
Thanks to that, the socio-economic situation continues to achieve quite comprehensive results, with many bright spots, trusted and highly appreciated by the international community, people and businesses, creating a premise to strive to achieve the growth target for the whole year of 8.3-8.5%.
The consumer price index (CPI) for the first 7 months increased by 3.26% over the same period. Credit growth is high, the average lending interest rate level continues to decrease. The stock market is developing vibrantly in both liquidity and cash flow.
State budget revenue in the first 7 months reached 80.2% of the estimate, up 27.8% over the same period. The 7-month trade balance is estimated to reach 10.2 billion USD.
Traditional growth drivers continue to be promoted. Total registered FDI capital for the first 7 months reached nearly 24.1 billion USD, up 27.3% over the same period, realized FDI capital was about 13.6 billion USD, up 8.4%.
Total retail sales of goods and consumer service revenue in the first 7 months increased by 9.3% over the same period, international visitors reached over 12.2 million people, an increase of 22.5%. Many international organizations continue to give positive comments, raising Vietnam's GDP growth forecast in 2025.
Production and business have also grown positively. Agricultural and service production maintained a good increase. The Industrial Production Index (IIP) in July increased by 8.5% over the same period; 7 months increased by 8.6%, of which the processing and manufacturing industry increased by 10.3%. New orders increased again, the Purchasing Managers' Index (PMI) in July reached 52.4 points.
Minister Nguyen Van Thang also said that this is the first month that PMI has reached over 50 points since the beginning of the second quarter.
The situation of business registration and business households in July achieved positive results, in 7 months there were over 174 thousand enterprises entering and re-entering the market, the total registered capital added to the economy was over 3.3 million billion VND, an increase of 93.7% over the same period and nearly 536.2 thousand newly established business households, an increase of 165%.
Based on the achieved results and the analysis and forecast of difficulties, Minister Nguyen Van Thang proposed the main tasks and solutions that need to be focused on in August and the third quarter.
Firstly, urgently develop and ensure the progress and quality of projects, reports submitted to the Central Committee, draft laws, and resolutions submitted to the National Assembly at the 10th Session, especially new laws and resolutions that are adjusted and added to the session agenda.
Second, ensure that local governments at both levels operate smoothly and effectively.
Third, promote exports and develop trade harmoniously and sustainably with other countries.
Fourth, continue to improve institutions and laws, improve the investment and business environment.
Fifth, promote and renew traditional growth drivers of domestic investment and consumption and develop new growth drivers.
Along with that, it is necessary to continue to maintain macroeconomic stability, develop culture, society, prevent natural disasters, and protect the environment.
