Minister and Chairman of the Government Office Tran Van Son, the Government’s Spokesperson, chaired the regular government press conference for November 2025 – Photo: VGP
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Opening the press conference, Minister and Chairman of the Government Office Tran Van Son, the Government’s Spokesperson, stated: Earlier that morning, Prime Minister Pham Minh Chinh chaired the regular government meeting for November 2025, discussing several critical issues, including: (i) the socio-economic situation in November and the first 11 months of 2025, public investment capital allocation and disbursement, and the implementation of three national target programs; (ii) the results of assigned tasks and administrative procedure reforms in November 2025; (iii) the implementation and operation of the two-tier local government system; (iv) key tasks and solutions for December and beyond.
At the meeting, delegates noted that the global situation remains volatile and complex, with numerous challenges: Strategic competition continues to intensify; global economic growth, trade, and investment are slowing down, and while inflation shows signs of easing, risks remain high…
Domestically, several significant events took place, notably the 14th Central Committee Conference and the 10th Session of the 15th National Assembly. The entire nation is striving to successfully achieve the socio-economic development goals for 2025 and the 2021-2025 term; implement the strategic resolutions of the Politburo; operate the two-tier local government system; and focus on disaster prevention, response, and recovery from prolonged and severe storms and floods that have caused significant human and property damage…
The meeting unanimously assessed that, despite the challenging context, thanks to the timely and correct leadership of the Party Central Committee, directly by the Politburo and the Secretariat, led by General Secretary To Lam; the involvement of the entire political system; the effective, decisive, and practical guidance of the Government, the Prime Minister, ministries, sectors, and localities; the active participation of the people and the business community; and international support, the socio-economic situation continues its positive trend, with each month improving over the previous one, and the first 11 months outperforming the same period in 2024 across most areas, notably:
(1) Macroeconomic stability; controlled inflation; growth promotion; and ensured major economic balances.
– The average Consumer Price Index (CPI) for the first 11 months increased by approximately 3.3%.
– State budget revenue for 11 months reached over 2.4 trillion VND, exceeding the estimate by 22% and increasing by 31% compared to the same period; while exempting, reducing, and deferring about 239.1 trillion VND in taxes, fees, and land rent (about 10% of total state budget revenue).
– Total import-export turnover for 11 months reached nearly 840 billion USD, up 17.2%; with a trade surplus of about 20.5 billion USD.
– Agricultural production remained stable despite storms and floods in many areas; industrial production (IIP) in November increased sharply by 10.8%; total retail sales and service revenue in November rose by 7.1%. Economic growth in many localities improved, with 20 out of 34 provinces and cities achieving a growth rate of 8% or higher in 2025; including six with double-digit growth.
(2) Accelerated implementation of infrastructure projects; preparations for the inauguration and simultaneous commencement of 238 projects on December 19, 2025. Expected completion of 3,245 km of expressways and 1,711 km of coastal roads in 2025.
(3) Positive results in development investment. In 11 months, public investment capital disbursement reached over 553 trillion VND, achieving 60.6% of the plan. Total registered FDI increased by 7.4% compared to the same period; realized FDI increased by 8.9%, the highest in the past five years.
(4) Continued improvement in business development. In 11 months, about 275,600 enterprises entered and re-entered the market, up 26.1%, 1.3 times the number of enterprises exiting the market.
(5) Strong recovery and growth in tourism; in 11 months, 19.2 million international visitors were attracted, up 21% compared to the same period in 2024.
(6) Generally smooth operation of the two-tier local government system; accelerated digital transformation and administrative procedure reforms; many long-standing projects were addressed with positive results.
(7) Active involvement of the entire political system in storm and flood recovery efforts; the “Quang Trung Campaign” was launched to build and repair housing for affected communities.
(8) Focus on cultural and social development, ensuring social welfare and improving people’s livelihoods.
(9) Stable political and social situation; strengthened national defense and security; ensured public order and safety.
(10) Continued success in foreign affairs and international integration; enhanced national prestige and standing.
Many international organizations maintain a positive and optimistic outlook on Vietnam’s economy.
 Minister and Chairman of the Government Office Tran Van Son provides information at the press conference – Photo: VGP
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Alongside the achievements, there are still challenges and limitations to note, such as: (i) significant pressure on exchange rate and interest rate management; (ii) difficulties in production and business activities in some sectors; (iii) traditional growth drivers falling short of expectations; (iv) volatile gold prices; high real estate prices; inadequate social housing development; (v) complex issues related to smuggling, trade fraud, counterfeit goods, and intellectual property violations, especially during the Tet holiday; (vi) legal and institutional bottlenecks in some areas; the need to accelerate administrative procedure simplification; (vii) challenges in operating the two-tier local government system; (viii) difficulties in people’s livelihoods; and unpredictable storm and flood risks.
Speaking at the meeting, the Prime Minister emphasized the need to proactively monitor the situation, respond with timely and flexible policies, and enhance decentralization and resource allocation while ensuring accountability. He stressed the importance of perseverance in the face of challenges and mobilizing the entire political system, the people, businesses, and international partners to achieve set goals and tasks.
Regarding key tasks and solutions for the upcoming period, the Prime Minister highlighted:
“All Government members, ministers, sector leaders, provincial and city leaders, and officials at all levels must work responsibly and diligently for the nation’s interests and the people’s well-being. Special focus should be on storm and flood recovery, repairing over 34,000 damaged homes by December 31, 2025, and rebuilding over 1,600 collapsed homes by January 31, 2026, ensuring ‘Everyone has a home, every family has Tet, every child has joy, and no one is left behind.’ Additionally, efforts should be made to restore production, create jobs, and improve livelihoods; accelerate public investment disbursement; and implement three national target programs to leverage public investment and mobilize all resources for development.”
The Prime Minister also instructed ministries, sectors, and localities to focus on the following key tasks:
First, prepare for the 10th Session of the 15th National Assembly, draft proposals, projects, and reports for the Party Central Committee, Politburo, and Secretariat. Organize the successful National Emulation Congress and prepare for the 14th Party Congress.
Second, maintain macroeconomic stability, promote growth, control inflation, and ensure major economic balances.
– Implement proactive and flexible monetary policies, coordinating effectively with fiscal policies and other measures.
– Aim for state budget revenue in 2025 to exceed the estimate by 25%; finalize Draft Resolution 01 for 2026.
Third, revitalize traditional growth drivers and foster new ones.
– Strive for 100% public investment disbursement; attract FDI and private investment; expedite regulations for establishing the International Financial Center in Vietnam.
– Organize the inauguration and commencement of projects on December 19, 2025; urgently establish the “Real Estate and Land Use Rights Trading Center” under state management.
– Develop the domestic market, especially e-commerce; ensure essential goods supply; boost consumption, promotions, and discounts, particularly during holidays; review and reduce taxes and fees; and combat smuggling and trade fraud.
– Diversify products, markets, and supply chains; accelerate FTA negotiations; and address the IUU “yellow card” issue.
– Innovate institutions; promote science, technology, and digital transformation; develop green, circular, and creative economies; and advance new sectors like semiconductors, AI, and renewable energy.
Fourth, implement the Politburo’s strategic resolutions and propose new ones on state economy, FDI, and culture.
Fifth, review and update legal frameworks for planning, aligning with the two-tier local government system and double-digit growth targets.
Sixth, reform administrative procedures and ensure efficient operation of the two-tier local government system.
Seventh, resolve long-standing project bottlenecks.
Eighth, continue storm and flood recovery and preparedness.
Ninth, develop culture, society, and social welfare; support vulnerable groups, especially during Tet; and complete 100,000 social housing units in 2025.
Tenth, strengthen national defense, security, and public order; enhance foreign affairs and international integration; and improve communication effectiveness.
– 18:28 06/12/2025
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