May 7, 2025: Import and export growth is strong, inflation is controlled

Photo caption — Import and export are a bright spot in the economic picture for the first 7 months of 2025. Photo: VNA

According to the report of the General Statistics Office ( Ministry of Finance ), industrial production in July continued to maintain its growth momentum. The industrial production index in July is estimated to increase by 0.5% over the previous month and by 8.5% over the same period last year. In the first 7 months of 2025, the industrial production index increased by 8.6% over the same period last year.

Some key industrial products in the first 7 months of 2025 increased compared to the same period last year such as: Automobiles increased by 64.4%; TVs increased by 21.1%; NPK mixed fertilizer increased by 19.7%; casual clothes increased by 14.9%; cement increased by 14.8%; leather shoes and sandals increased by 13.6%; aquatic feed increased by 11.9%; rolled steel increased by 11.5%; LPG increased by 11.4%...

In addition, import and export also recorded strong growth. In July, the total import and export turnover of goods reached 82.27 billion USD, up 8% over the previous month and 16.8% over the same period last year. In the first 7 months of 2025, the total import and export turnover of goods reached 514.7 billion USD, up 16.3% over the same period last year, of which exports increased by 14.8%; imports increased by 17.9%. The trade balance of goods had a surplus of 10.18 billion USD.

In the first 7 months of 2025, there were 28 items with export turnover of over 1 billion USD, accounting for 91.7% of total export turnover (there were 9 items with export turnover of over 5 billion USD, accounting for 72.3%). The United States is still the largest export market with turnover reaching 85.1 billion USD), China is the largest import market with turnover reaching 101.5 billion USD.

Regarding foreign investment attraction, the total registered FDI capital in Vietnam as of July 31, 2025, including: newly registered capital, adjusted registered capital and capital contribution and share purchase value of foreign investors, reached 24.09 billion USD, an increase of 27.3% over the same period last year.

Notably, FDI disbursement in the first 7 months of 2025 is estimated at 13.6 billion USD, up 8.4% over the same period last year. This is the highest amount of foreign direct investment realized in 7 months in the past 5 years.

Promoting the disbursement of public investment capital is also a bright spot in the economic picture. In the first 7 months of 2025, the investment capital implemented from the State budget is estimated at 378,300 billion VND, equal to 40.7% of the annual plan and up 25.4% over the same period last year. State budget revenue in the first 7 months reached 1,577,500 billion VND, equal to 80.2% of the estimate, up 27.8%.

In addition, the consumer price index (CPI) in July increased by 0.11% over the previous month, mainly due to increased prices of housing maintenance materials, food, and eating out. On average, in the first 7 months of 2025, the CPI increased by 3.26% over the same period last year; core inflation increased by 3.18% and was effectively controlled.

According to Dr. Nguyen Thi Huong, Director of the General Statistics Office, import-export and foreign investment attraction are bright spots in the growth picture of the first 7 months of 2025 of our country. This result reflects the efforts to effectively utilize free trade agreements (FTAs) and expand Vietnam's export markets. At the same time, it shows the increasing confidence of foreign investors in Vietnam's economic development.

Besides the favorable factors promoting economic development, our country's economy still faces many potential risks and challenges such as: global geopolitical fluctuations, high global interest rates, risk of inflationary pressure if oil and raw material prices increase; exchange rate pressure, bad debt in the banking system with potential risks if credit growth is tightened and the capacity to absorb public investment capital is limited in some localities.

Director of the General Statistics Office Nguyen Thi Huong emphasized that in order for the economy to continue its growth momentum in the final months of the year, all levels and sectors need to be more flexible and decisive in directing and administering policies, improving the investment and business environment and enhancing the resilience of the economy to achieve the growth target of 8.3-8.5% in 2025.

Source: https://doanhnghiepvn.vn/kinh-te/7-thang-nam-2025-xuat-nhap-khau-tang-truong-manh-lam-phat-duoc-kiem-soat/20250806115838094