Strive for industrial growth index of 9.5% in 2025

In Resolution 25/NQ-CP on growth targets for industries, sectors and localities, the Government assigned that in 2025, the industrial index will grow by 9.5%.

Industrial production maintains growth

The Government has just issued Resolution No. 25/NQ-CP dated February 5, 2025 on growth targets for sectors, fields and localities to ensure the national growth target in 2025 reaches 8% or more. For the first time, the Government has issued a separate resolution on growth targets for sectors, fields and localities to ensure the national growth target in one year. This demonstrates the Government's highest determination to strive for GDP growth of 8% or more in 2025.

In Resolution 25/NQ-CP on growth targets for industries, sectors and localities, the Government assigned that in 2025, the industrial index will grow by 9.5%. Photo: TT

Regarding the Ministry of Industry and Trade, in Resolution No. 25/NQ-CP, the Government also specifically assigned growth targets for 2025 for the Ministry's sectors. Of the 12 growth targets for sectors and fields set out in Resolution No. 25, 7/12 sectors and fields fall under the functions and tasks of the Ministry of Industry and Trade. In particular, the industrial sector is assigned the index industrial production growth 9.5%.

To achieve the goal of successfully completing the targets set by the Government with the whole country, from the end of 2024, the Industry and Trade sector has soon had a plan to increase the growth target in the industrial sector. Specifically, in 2025, the industrial production index is expected to increase by 9-10% compared to 2024.

Looking back at 2024, we see a strong recovery in industrial production, which plays an important role in the country's economic growth. According to the General Statistics Office, in 2024, the industrial production index of the entire industry increased by 8.4% over the previous year. This result not only exceeded the target set at the beginning of the year (the plan was to increase by 7-8%), but was also the highest increase in the period from 2020 to present.

Assessing industrial production in 2024, Ms. Phi Thi Huong Nga - Director of the Department of Industrial and Construction Statistics - General Statistics Office acknowledged that to achieve this result, first of all, we must mention the flexible and effective management of the Government. The Government has had very quick policy responses, for example, reducing 5% of registration tax for domestically produced cars; promoting investment promotion activities, finding new markets. In particular, these solutions have stimulated the motor vehicle manufacturing industry to grow strongly in the fourth quarter and grow over 20% for the whole year.

In addition, in 2024, export activities grew positively in the textile and garment, footwear and leather industries, growing by over 10%; the electricity, electronics and components manufacturing industry increased from 8.3% to 11.9%... creating momentum for industrial production to break through.

Urgently build growth scenarios and realize goals

With the target of an industrial growth index of 9.5% in 2025, according to economic experts, it is necessary to focus on many solutions to increase added value for industrial production to create a new, stronger and more comprehensive driving force.

To contribute to ensuring the industrial index grows by 9.5% according to the leader of the Department of Industry (Ministry of Industry and Trade), the industry and trade sector continues to proactively and effectively implement business support policies approved by the Government to remove difficulties and obstacles in production and business activities of enterprises - especially in key export industries such as textiles, leather - footwear and fundamental industries such as automobiles, mechanics, steel...

Regarding industrial groups, according to the Department of Industrial and Construction Statistics, the electricity, electronics and components manufacturing industry continues to flourish, creating growth prospects for 2025 and the following years. Many businesses in industries such as textiles, footwear and leather have even received orders for the first 6 months of 2025.

Particularly for enterprises in the semiconductor electronics manufacturing industry, new policies are expected to contribute to attracting FDI in 2025 as well as attracting investment flows from other countries to Vietnam.

Sharing at the Government Standing Committee's meeting with businesses on February 10, Mr. Tran Ba Duong, Chairman of the Board of Directors of Truong Hai Group Joint Stock Company (THACO), acknowledged that with the country's growth target of 8% in 2025, and double digits in the following years, the industries that THACO is working in are also trying to contribute to this goal. "We have gained certain foundations in the industries that are operating in production and business to move towards a new era and develop with very clear directions and strategies set by the Government," Mr. Tran Ba Duong affirmed.

THACO representative cited that for automobiles, THACO currently produces almost all types of products. This year's target is to sell 100,000 vehicles and focus on hybrid vehicles - vehicles with both electric and gasoline engines.

Thanks to its deep involvement in the localization rate in automobile production, THACO reduces costs and especially meets the specific requirements of customers as well as usage conditions in Vietnam. Specifically, the localization rate of passenger cars is from 27 to 40%, trucks are over 50% and buses are over 70%.

In the field of mechanical engineering and supporting industry, THACO has also participated in the global value chain in mechanical manufacturing, with very high export growth. "In September 2025, THACO will start construction of the Mechanical Engineering Support Industrial Park in Binh Duong with a scale of more than 700 hectares. Currently, in the Southern region, FDI enterprises are in great need of domestic enterprises to supply components and machinery equipment to reduce costs and logistics costs," said Mr. Tran Ba Duong.

Sharing his views on the development of the automobile industry and supporting industries, Mr. Nguyen Viet Quang, General Director of Vingroup, expressed that in recent years, Vingroup has continuously made strong efforts to invest in strategic areas such as energy infrastructure, green economy, digital economy, and supporting industries to contribute to realizing the vision of sustainable development. A typical example is Vinfast, a project expected to create a green production and consumption ecosystem, bringing long-term benefits to the community.

In addition, Mr. Nguyen Viet Quang shared: Vinfast does not simply produce electric vehicles but also focuses on building a supporting industrial chain from battery production, charging stations to smart energy solutions.

To contribute to ensuring the implementation of the 2025 goals, the industry will continue to proactively and effectively implement the macroeconomic policies in general and industrial development policies in particular of the Government and the Ministry of Industry and Trade, promote the operation of new industrial production projects to serve export and domestic consumption, creating more capacity for production development and goods sources for export.

Next, focus on consulting on perfecting institutions, policies and laws as a basis for new growth resources in industries in the short term as well as in the long term.

At the same time, effectively implement working programs with localities and existing business support programs to promote the growth momentum of industries in key economic regions, creating momentum to continue promoting industrial growth nationwide.

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