VIETNAM LOOKS TO 8.3-8.5% ECONOMIC GROWTH IN 2025
The Government has set an ambitious target for Vietnam to achieve a growth rate of 8.3-8.5% this year, aiming to build strong momentum and lay a solid foundation for reaching double-digit growth between 2026 and 2030. Today morning (July 16), Prime Minister Pham Minh Chinh chaired an online Government conference with local authorities to discuss economic growth scenarios for 2025 and the key tasks and solutions needed to achieve the growth target.
VIỆT NAM TARGETS US$4.5 BILLION IN CASHEW EXPORTS FOR 2025
Việt Nam is aiming to export cashews worth US$4.5 billion in 2025, up 2.7 per cent year-on-year, according to the Ministry of Agriculture and Environment. To hit this target, the sector must generate around $2.2 billion in the second half. Figures from the first six months show cashew exports reached 346,800 tonnes, earning $2.36 billion, a drop of 2.7 per cent in volume but a surge of 20.4 per cent in value annually.
FDI INFLOWS ON TRACK FOR 2025 SCENARIO
Total foreign direct investment poured into Vietnam in the first half of 2025 reached more than $21.51 billion, marking a 32.6 per cent increase compared to the same period in 2024, according to the Foreign Investment Agency under the Ministry of Finance. The figure includes newly registered, adjusted, and contributed capital.
HCM CITY SEES STRONG RECOVERY IN INDUSTRIAL PRODUCTION
The Index of Industrial Production (IIP) of HCM City increased 8.6 per cent in the first half of 2025, indicating positive growth amid global trade and economic uncertainty. Manufacturing and processing grew by 8.8 per cent, electricity production and distribution by 1.5 per cent and water supply and waste treatment by 2.3 per cent.
BẮC NINH RANKS SECOND NATIONWIDE IN FDI ATTRACTION
According to the provincial People’s Committee, total investment capital into the province from the start of the year has reached approximately US$12.04 billion. Of the total, $943.7 million came from 186 newly licensed FDI projects and $2.43 billion from 141 capital-added projects, along with the remainder from new and existing domestic projects.
TWO-TIER LOCAL GOVERNMENT MODEL SET TO UNLOCK NEW BUSINESS OPPORTUNITIES
The two-tier local government model, which simplifies administrative structures, is creating new opportunities for businesses by reducing time and operational costs, allowing for bolder investment and expansion, according to experts. The streamlining of administrative structures following the reorganisation of provincial units is beginning to yield clear improvements in the investment and business climate.
H1 MOTORCYCLE SALES UP 6.4%
Motorcycle sales in Vietnam rose 6.4% in the first half of this year from a year earlier, backed by price cuts and promotions, industry data showed. The Vietnam Association of Motorcycle Manufacturers (VAMM) said its five members – Honda, Yamaha, Piaggio, SYM and Suzuki – sold a combined 1.28 million units in the period.
PUBLIC INVESTMENT DISBURSEMENT REACHES 32.5% OF TARGET IN H1
Around VND268.1 trillion in public investment had been disbursed by June 30, equivalent to 32.5% of the annual target, up from 28.2% in the same period last year, according to the Ministry of Finance. As of June 30, ministries, central agencies, and local authorities had allocated and assigned detailed spending plans totaling VND817.8 trillion, equivalent to 98.7% of the total plan approved by the prime minister.
