Prime Minister: The growth target of 8.3-8.5% must be achieved no matter how difficult it is

There are conditions for growth of 8.3-8.5%

On the morning of September 6, Prime Minister Pham Minh Chinh chaired the regular Government meeting for August 2025, discussing many important contents.

Speaking at the opening of the meeting, Prime Minister Pham Minh Chinh emphasized that looking back at August as well as the past time, the world situation continued to develop complicatedly with military conflicts and prolonged political instability in many places; trade conflicts continued to be tense; gold prices, real estate, and the world financial market had fluctuations... These all affected the domestic situation, the market, the supply chain, and the production chain.

Regarding the socio-economic situation in August and the first eight months of the year, the Prime Minister said that in general, the situation continued to trend positively, with each month being better than the previous month, and the first eight months being better than the same period in 2024 in most areas, notably the stable macro-economy, controlled inflation, promoted growth, and ensured major balances.

However, the Prime Minister requested an analysis of the pressure of inflation, exchange rates, and interest rates that are increasing; domestic consumption, exports, and public investment tend to slow down. The operation of the two-level local government model still faces difficulties in digital transformation, data connection, and difficulties for lower-level officials; natural disasters, storms, and floods have severely affected people's lives and production and business.

"We must develop quickly and sustainably, in which the growth target of 8.3-8.5% this year is a difficult target, but no matter how difficult it is, we must do it, we cannot not do it, and we have the conditions to do it," the Prime Minister stated.

Do not allow gold market manipulation

The Head of Government directed that it is necessary to continue to renew traditional growth drivers and promote new growth drivers to ensure synchronous and comprehensive development.

"Industries, sectors, localities and enterprises must grow for the whole country to grow. Ministries and sectors must review and reduce administrative procedures, striving to cut 30% of the time, number and cost of performing administrative procedures. Along with that, strengthening the handling of backlogged projects is also a solution to unlock resources for development," the Prime Minister requested.

The Prime Minister suggested that after the "80-year journey of Independence - Freedom - Happiness" exhibition ends, it is necessary to continue to organize autumn fairs and Tet fairs to introduce and promote goods and products, promote exchanges, link production and business, and promote domestic consumption.

The Prime Minister requested that the Deputy Prime Ministers in charge must get involved, and relevant agencies must promote a higher sense of responsibility, grasp the situation more thoroughly and firmly in the field of management and responsibility, especially with new developments and emerging issues, analyze more carefully, propose appropriate tasks and solutions, and respond to policies promptly, flexibly and effectively, including the gold market, real estate market and stock market.

Considering the fluctuation in gold prices to be very noticeable, the Prime Minister said that he had directed the authorities to intervene to prevent market manipulation, hoarding, and price hikes. At the same time, it is necessary to accurately assess recent developments in the stock market, to determine whether there is price inflation or market manipulation, and if the money flows into the production and business sectors, it is very good.

According to the report of the General Statistics Office (Ministry of Finance), the index of industrial production (IIP) in August is estimated to increase by 2.2% over the previous month and by 8.9% over the same period last year. In the first 8 months of 2025, the IIP is estimated to increase by 8.5% over the same period last year (the same period in 2024 increased by 8.4%).

The industrial production index in the first 8 months of 2025 compared to the same period last year increased in all 34 localities. Some localities had a fairly high increase in the IIP index thanks to the processing and manufacturing industry; the electricity production and distribution industry increased highly.

In addition, in August, the whole country had 20,500 newly established enterprises with registered capital of VND 326,100 billion and registered number of employees of 106,900, an increase of 23.9% in number of enterprises, nearly 2.8 times in registered capital and 35.4% in number of employees compared to July.

In the first 8 months of 2025, the whole country had 128,200 newly registered enterprises with a total registered capital of 1.25 million billion VND and a total registered number of nearly 777,000 employees, an increase of 15.7% in the number of enterprises, an increase of 26.1% in registered capital and an increase of 15.5% in the number of employees compared to the same period last year.

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Source: https://baolaocai.vn/thu-tuong-muc-tieu-tang-truong-83-85-kho-may-cung-phai-lam-post881456.html