According to the Minister of Finance, in November, the global situation remained complex, marked by trade tensions and geopolitical instability in the region. Volatile financial, monetary, and commodity markets posed significant risks.
Domestically, natural disasters and severe flooding have been unprecedented, particularly since the third quarter. The rare phenomenon of “storm after storm, flood after flood” has caused historic levels of flooding, severely impacting livelihoods and socio-economic development nationwide.
Despite these challenges, macroeconomic stability has been maintained, with inflation controlled and major economic balances ensured. Production and business activities were promoted. The Consumer Price Index (CPI) for 11 months increased by approximately 3.29% compared to the same period last year. State budget revenue for 11 months reached nearly VND 2,400 trillion, equaling 121.9% of the estimate and rising 30.9% year-on-year.
Minister of Finance Nguyen Van Thang speaking at the meeting. Photo: VGP.
Notably, growth drivers continued to be strengthened. Total registered FDI for 11 months reached nearly USD 33.7 billion, up 7.4% year-on-year, with realized FDI at approximately USD 23.6 billion, an 8.9% increase. Total import-export turnover for 11 months was nearly USD 840 billion.
An estimated 20 out of 34 localities achieved a GRDP growth rate of 8% or higher in 2025, with six localities recording double-digit growth: Quang Ninh, Hai Phong, Ninh Binh, Phu Tho, Bac Ninh, and Quang Ngai.
Despite these achievements, Minister Nguyen Van Thang highlighted ongoing challenges, particularly in meeting the 2025 growth targets. With limited time remaining, growth drivers continue to face risks.
Public investment disbursement for 11 months reached only 60.6% of the plan, with key projects delayed due to landslides, prolonged rainfall, and flooding. Private investment fell short of expectations, and efforts to attract large-scale FDI projects faced obstacles.
Natural disasters are estimated to reduce the GRDP growth rate in the fourth quarter by approximately 1% in localities such as Hue, Dak Lak, Gia Lai, and Khanh Hoa, with a full-year reduction of 0.2-0.3%, lowering national GDP growth by 0.1% in Q4.
In response, Minister Nguyen Van Thang urged all levels, sectors, and localities to prioritize macroeconomic stability, inflation control, and economic balance.
He also emphasized continued efforts in disaster prevention, recovery, and stabilizing livelihoods, including the “Quang Trung Campaign” to rebuild and repair homes for affected citizens.
Prime Minister: Ensuring ‘Everyone Has a Home, Every Family Celebrates Tết’
In his concluding remarks at the November regular government meeting, Prime Minister Phạm Minh Chính emphasized the urgent need to focus all efforts on addressing the aftermath of storms and floods. He directed leaders to oversee the repair of 34,352 damaged homes and the construction of 1,628 new homes for affected families. The Prime Minister set clear deadlines: all repairs must be completed by December 31, 2025, and new constructions by January 31, 2026. His vision is clear: “Everyone must have a home, every family must celebrate Tết, every child must experience joy, and no one should be left behind.”
International Organizations Maintain Positive Outlook on Vietnam’s Economic Prospects
On the afternoon of December 6th, the Government Office held its regular November 2025 press conference. Minister and Chairman of the Office of the Government, Trần Văn Sơn, who also serves as the Government Spokesperson, chaired the event. The conference provided updates on the socio-economic situation for November and the first 11 months of 2025.
Gold Prices, Real Estate Soar, Inflationary Pressures Mount
On the morning of December 6th, Prime Minister Pham Minh Chinh chaired the regular November government meeting, focusing on discussions surrounding several critical agenda items.
Ho Chi Minh City Mandates Public Disclosure of Delayed Project Lists
Ho Chi Minh City has directed relevant units to review and promptly reallocate capital from delayed projects to those with better disbursement potential. Additionally, the city will publicly disclose projects that are behind schedule.
2025 Natural Disasters Shatter Records, Inflicting $4.2 Billion in Damages
The year 2025 marked one of the most devastating periods of natural disasters in Vietnam’s history, with unprecedented records in heavy rainfall, powerful storms, and widespread flooding being shattered one after another.
