With the economic growth target of 8% or more in 2025, the requirement for import-export turnover to increase by 12% or more is set.
Fast but sustainable growth
In the Government's report to the National Assembly on the Supplementary Project on Socio-Economic Development in 2025 with a growth target of 8% or more, it is stated that 2025 is of special importance, being the final year of implementing the 5-year Socio-Economic Development Plan 2021-2025, the year of acceleration, breakthrough, and reaching the finish line, and at the same time the year of focusing on organizing Party Congresses at all levels towards the 14th National Party Congress and consolidating and preparing well the fundamental factors to successfully implement the 10-year Strategy 2021-2030, marking the time when the country enters a new era of development. Any 2021-2025 target that has not been achieved must be determined to be completed; any target that has been achieved must be improved in quality and efficiency.
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| Import and export of goods in 2024 is estimated to reach 786 billion USD. |
Therefore, the national economic growth (GDP) in 2025 needs to reach 8% or more, contributing to creating a solid foundation for achieving double-digit growth rates over a long enough period (starting from 2026). Growth must be rapid but sustainable, maintaining macroeconomic stability, controlling inflation, ensuring major balances; harmonious development between the economy and society and environmental protection, ensuring national defense and security.
To achieve the growth target of 8% or more requires growth in the industrial and construction sector of about 9.5% or more (of which processing and manufacturing industry increases by 9.7% or more); services increase by 8.1% or more; agriculture, forestry and fishery increase by 3.9% or more).
Economic sectors will grow about 0.7-1.3% higher than in 2024; industry and construction, especially processing and manufacturing, will continue to be the driving force for growth. GDP in 2025 will be about 500 billion USD, GDP per capita will be about 5,000 USD.
Trade surplus in 2025 will reach about 30 billion USD
Investment, export and consumption are the three main drivers of economic growth. To achieve the growth target of 8% or more, the task set for total import-export turnover in 2025 is to increase by 12% or more; trade surplus is about 30 billion USD.
To achieve the proposed import-export target, the proposed solution is to proactively implement comprehensive and synchronous solutions in politics, economics and diplomacy; promote economic diplomacy, promote harmonious and sustainable trade with the US, China and Vietnam's major partner countries.
In addition, effectively exploit opportunities from 17 signed Free Trade Agreements (FTAs); expand and diversify export markets, especially countries that have recently upgraded their strategic and comprehensive strategic partnerships; quickly negotiate and conclude FTA negotiations with Middle Eastern countries, Switzerland, Norway, Finland, etc. to enhance the exploitation of new, potential markets, the Middle East, Halal, Latin America, and Africa.
At the same time, support businesses to meet new export market standards; inform and support businesses in anti-dumping lawsuits.
Promote the development of the private economy, especially small and medium enterprises to participate more deeply in the global value chain. Further promote the export of services, especially finance and banking, towards balancing the service trade deficit; promote the development of logistics and transportation services, especially the expansion of air transport and maritime transport. Strengthen international integration in the service sector, sign digital economic agreements with countries in the region.
In the report on the examination of the Supplementary Project on Socio-Economic Development in 2025 with the target of economic growth of 8% or more, the Economic Committee reported to the National Assembly, it also stated that to achieve the proposed import-export target, the proposed solution is to effectively exploit opportunities from 17 signed Free Trade Agreements (FTAs); promote and soon sign free trade agreements with new and potential markets. Closely monitor to effectively exploit trade and technology shifts in the context of trade wars between major economies. Transparency in export commodity value chains; proactively respond to increasing trade defense investigations. |
Source: https://congthuong.vn/muc-tieu-tang-truong-va-nhiem-vu-cua-xuat-nhap-khau-nam-2025-373404.html
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