Looking back at the economy in the past 7 months, it can be seen that the Government is determined to achieve the growth target of 8.3 - 8.5% for this year to create momentum for double-digit growth in the coming time.
According to the General Statistics Office, in July and the first 7 months of 2025, the Vietnamese economy recorded many positive growth indicators, with a clear improvement trend month by month. Specifically, industrial production in July continued to maintain its growth momentum. The industrial production index in July is estimated to increase by 0.5% compared to the previous month and by 8.5% compared to the same period last year. In the first 7 months of 2025, the industrial production index increased by 8.6% compared to the same period last year. The index increased in all 34 localities.
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.
Specifically, the export turnover in the first 7 months reached 262.44 billion USD; of which, the domestic economic sector reached 67.48 billion USD, up 6.7%, accounting for 25.7%; the foreign-invested sector (including crude oil) reached 194.96 billion USD, up 17.9%, accounting for 74.3%. The group of processed and manufactured industrial goods reached 232.37 billion USD, accounting for 88.6% of the export commodity structure. There were 9 export items over 5 billion USD and mainly concentrated in the processing industry group, which also accounted for the largest proportion in the export commodity structure in the past 7 months, accounting for 88.6%.
The import turnover of goods in the first 7 months reached 252.26 billion USD. Of which, the domestic economic sector reached 84.07 billion USD, up 8%; the foreign-invested sector reached 168.19 billion USD, up 23.6%. The General Statistics Office said that the import goods in July focused mainly on machinery, equipment, tools, spare parts, raw materials, and materials, partly reflecting the preparation of enterprises to accelerate in the production season at the end of the year.
In addition to the growth momentum from exports, in the past 7 months, domestic revenue from trade and tourism maintained positive growth. Total retail sales of goods and consumer service revenue in 7 months increased by 9.3% over the same period last year; in which, revenue from accommodation, food and beverage services and travel services all recorded impressive double-digit increases, most notably in localities such as Ho Chi Minh City, Da Nang, Hue, Can Tho, Hanoi and Hai Phong.
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 realized FDI capital in 7 months in the past 5 years.
The acceleration of public investment disbursement was also a bright spot of the economy in July. 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 also reached 1,577,500 billion VND, equal to 80.2% of the estimate and up 27.8%.
At the same time, newly established and re-operated enterprises increased by 22.9%. In the first 7 months, the whole country had 174 thousand newly registered and re-operated enterprises, an increase of 22.9% over the same period last year. On average, 24.9 thousand newly established and re-operated enterprises per month. The number of enterprises withdrawing from the market was 144.4 thousand, an increase of 15.1% over the same period last year. On average, 20.6 thousand enterprises withdrew from the market per month.
In addition, the consumer price index (CPI) in July increased by 0.11% compared to the previous month, mainly due to the increase in prices of housing maintenance materials, food, and eating out. On average, in the first 7 months of 2025, only the CPI increased by 3.26% compared to the same period last year; core inflation increased by 3.18% and was effectively controlled.
Besides 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...
In order for the economy to continue its growth momentum in the final months of the year, Director of the General Statistics Office Nguyen Thi Huong said that 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 as directed by the Prime Minister from 8.3 - 8.5% in 2025.
Along with that, the Government will continue to maintain a stable macro environment, creating confidence for investors and people; at the same time, sectors and levels will increase updating and forecasting the situation, proactively and flexibly manage in accordance with the new situation, promptly respond to emerging situations. At the same time, steadfastly and effectively implement the goal of promoting growth associated with macroeconomic stability, controlling inflation, ensuring social security and people's lives.
In addition, the Government needs to operate monetary policy cautiously and flexibly, ensuring inflation control within the set target (below 4.5%). The State Bank directs commercial banks to stabilize exchange rates, ensure liquidity of the banking system, especially continue to reduce lending interest rates, support economic growth after the Government issued Resolution 266/NQ-CP on August 5 on growth targets of industries, sectors, localities and key tasks and solutions to ensure the country's growth in 2025 reaches from 8.3 - 8.5%.
Ms. Nguyen Thu Oanh, Head of the Service and Price Statistics Department, General Statistics Office, said that the General Statistics Office will continuously update scenarios on growth and inflation, closely and effectively coordinate and harmonize macroeconomic management policies to maintain stability and growth of the economy. At the same time, closely monitor price movements of strategic goods in the world market, international and regional situations; proactively analyze, forecast, and promptly warn of risks affecting domestic price levels. On the other hand, ensure supply and appropriate prices for essential goods serving people's lives.
In addition, businesses need to take full advantage of opportunities from effective Free Trade Agreements such as EVFTA, CPTPP, RCEP to enhance trade promotion, seek and expand new markets, and diversify export products.
On the business side, Mr. Nguyen Quang Mau, Chairman of the Board of Directors of Dat Viet Ceramic Joint Stock Company, said that in recent times, the company has applied technology to production to increase the value of exported goods. With dry, super-fine grinding technology in the production of ceramics and tiles. The company's products are not only tiles, but also designed hook systems synchronized with electrical lines and water pipes according to the requirements of foreign partners. This is the solution that allows this factory to expand exports to dozens of markets. Thanks to that, in the first 7 months of 2025, the company's export turnover increased compared to the same period last year with the best export markets being Malaysia and India.
In addition to solutions from businesses, each locality needs to base on its own advantages to support businesses to promote exports. Typically, in Quang Ninh province, textiles and electronics are the province's main export industries. Therefore, the province strengthens activities to connect and promote goods for businesses through the Vietnam Trade Office system abroad.
Along with the above solutions, the Ministry of Agriculture and Environment is focusing on perfecting and specifying institutions that guide the development of agricultural markets and integration in accordance with the amended and promulgated specialized laws; at the same time, focusing on implementing mechanisms and policies to remove bottlenecks and build sustainable agricultural supply chains, improve the quality, value, competitiveness and reputation of Vietnamese agricultural products in domestic and international markets... to continue to maintain double-digit export growth, thereby contributing greatly to the country's GDP growth.
Source: https://baolaocai.vn/thang-7-kinh-te-ca-nuoc-tiep-da-tang-truong-o-nhieu-linh-vuc-post878947.html
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