Going against the flow of challenges for breakthrough growth

In the context of facing many difficulties and challenges, our country's economic growth in the first 6 months of 2025 showed a positive trend, gradually approaching the set target of increasing by 8% or more in 2025.

Notable figures achieved in the first 6 months of 2025 are the Gross Domestic Product (GDP) growth rate reaching 7.52% - the highest increase over the same period in the 2011-2025 period; total import-export turnover reaching more than 432 billion USD, trade surplus of 7.63 billion USD; total registered foreign investment capital of 21.52 billion USD, up 32.6%...

The most optimistic signal is that the growth is even and comprehensive, led by all three economic sectors. Specifically, the service sector continues to increase at a high rate of 8.14% and contributes 52.21% to the overall growth. It is noteworthy that in the service sector, administrative activities and support services increased by 14.58%, showing the very positive impacts of the restructuring and streamlining of the administrative apparatus on socio-economic development.

The industrial and construction sector continued to assert itself as a solid growth driver with an increase of 8.33%, contributing 42.2% to the overall growth. The agricultural, forestry and fishery sector continued to be a stable support for the economy, with an increase of 3.84%, contributing 5.59% to the overall growth.

In general, despite facing internal and external difficulties, we have demonstrated high political determination, focusing on unlocking all resources for development. In particular, we have carried out the revolution of streamlining the apparatus, arranging administrative units, perfecting institutions and laws, and strongly decentralizing and delegating power, thereby initially having positive impacts on the economy.

Along with that, the four resolutions identified as the "four pillars" of the Politburo on science and technology development, innovation and digital transformation; international integration; law enforcement; and private economic development have been implemented very strongly, strongly and substantially by all levels and sectors.

The results achieved in the first half of 2025 are an important basis for realizing the growth target this year, while creating the premise for double-digit growth in the 2026-2030 period. Demonstrating this determination, at the online conference between the Government and localities on the economic growth scenario in 2025 and the tasks and solutions to achieve the growth target in 2025 held on July 16, Politburo member and Prime Minister Pham Minh Chinh clearly stated the target of stabilizing the macro economy, controlling inflation at around below 4.5%, GDP growth in 2025 reaching 8.3-8.5% and in 2026 reaching 10% or more, ensuring major balances of the economy.

The head of the Government emphasized: "This is a very difficult goal and has many great challenges, but we cannot help but do it, and this goal is not an impossible goal." Therefore, the entire political system must take part with high determination, great effort, drastic and effective actions, "do each job and finish it, do each job properly", and assign "6 clear" tasks (clear people, clear work, clear time, clear responsibility, clear results, clear authority).

In both the short and long term, achieving the set goals is very important for the country's future. Therefore, in the short term, ministries, branches and localities need to continue to promote important growth pillars. First of all, promoting the export of goods, eliminating and controlling tariff barriers in international trade. Next, it is necessary to effectively take advantage of existing advantages and the trend of shifting global supply chains.

Specifically, the business community, especially domestic private enterprises, need to take advantage of opportunities brought by new generation free trade agreements to diversify export markets. It should be noted that enterprises with long-term vision and thorough preparation will be the ones to take the initiative and maintain a firm position in the global trade market with many unpredictable changes.

The next pillar is to continue implementing a reasonable and effective expansionary fiscal policy, promoting the disbursement of public investment capital to reach 100% (about 1 million billion VND), ensuring that total social investment increases by about 11-12% compared to 2024. This target is not a small challenge, requiring ministries, branches and localities to take strong, drastic and substantial actions to immediately resolve difficulties and unlock resources to serve the growth target.

Along with the above pillars, in the short term, we need to focus on promoting growth in domestic consumption; promoting the development of science and technology, innovation, digital transformation in socio-economic fields; continuing to remove institutional and legal bottlenecks...

In particular, the country's economic "locomotives" such as Hanoi, Ho Chi Minh City, Hai Phong, Dong Nai, Bac Ninh, Quang Ninh... need to continue to demonstrate their leading role, achieving a growth rate in 2025 higher than the target in Resolution No. 25/NQ-CP to create momentum for the whole country.

In the long term, it is necessary to effectively implement the Politburo's "four pillars" with mechanisms and policies suitable for each ministry, branch and locality. Along with that, continue to effectively implement the three strategic breakthroughs in perfecting institutions and laws; developing infrastructure, especially roads; and developing human resources, especially high-quality human resources.

From a local perspective, after the merger of administrative units, the two-level local government model has officially come into operation, creating a huge space for development. Therefore, provinces, cities, communes, wards and special zones need to further promote the spirit of initiative and creativity, effectively implement decentralization, delegation of powers and assigned functions, tasks and powers to realize socio-economic development goals in the area.

Solving challenges and making good use of existing opportunities will create momentum, strength, enthusiasm, and a solid foundation to successfully achieve the 2025 growth target and continue to make breakthroughs in the following years.

Source: https://hanoimoi.vn/nguoc-dong-thach-thuc-de-tang-truong-but-pha-709559.html