Investments

Economic Growth Surge: 20 Out of 34 Localities Achieve 8% Expansion

In November 2025, the Government’s regular meeting assessed the socio-economic situation and results for the month and the first 11 months of the year. The overall trend remains positive, with each month showing improvement over the previous one. Cumulatively, the 11-month performance has surpassed that of the same period in 2024 across nearly all sectors, highlighted by 10 standout achievements.

Administrator

8 December, 2025

Deputy Prime Minister Tran Hong Ha delivers a speech – Photo: VGP

First, the macroeconomy remains fundamentally stable; inflation is under control; growth is stimulated; major economic balances are ensured, with budget deficits and public debt well-managed.

The average Consumer Price Index (CPI) for the first 11 months increased by 3.3%. State budget revenue for the same period reached over 2.4 trillion VND, exceeding the estimate by 21.9% and increasing by 30.9% compared to the same period last year. This includes tax, fee, and land rent reductions, exemptions, and extensions totaling approximately 239.1 trillion VND (about 10% of total state budget revenue).

Total import-export turnover for the first 11 months reached nearly 840 billion USD, a 17.2% increase (with exports exceeding 430 billion USD, up 16.1%, and imports nearing 410 billion USD, up 18.4%); resulting in a trade surplus of 20.53 billion USD.

All three key sectors have performed well; agricultural production remains stable despite storms and floods in several regions; industrial production (IIP) in November surged by 10.8%, with an overall 11-month increase of 9.3%; total retail sales and service revenue in November rose by 7.1%, with an 11-month increase of 9.1% compared to the same period last year.

Notably, economic growth rates across localities have improved. According to the General Statistics Office (Ministry of Finance), 20 out of 34 localities are estimated to achieve a GRDP growth rate of 8% or higher in 2025; six localities recorded double-digit growth (Quang Ninh 11.9%, Hai Phong 11.8%, Ninh Binh 10.7%, Phu Tho 10.5%, Bac Ninh 10.3%, and Quang Ngai 10.02%).

Second, efforts are focused on accelerating infrastructure projects; preparations are underway for the inauguration and groundbreaking of 238 projects on December 19, 2025. This includes the inauguration of 86 projects (total investment of 348 trillion VND) and the groundbreaking of 152 projects (total investment of 887 trillion VND); the combined total investment is 1,235 trillion VND (539 trillion VND from the state budget and 695 trillion VND from non-budget sources). It is expected that 3,245 km of highways and 1,711 km of coastal roads will be completed in 2025.

Third, development investment has yielded positive results. Despite significant impacts from natural disasters, public investment disbursement in the first 11 months exceeded 553 trillion VND, reaching 60.6% of the plan (a 2.4% increase in ratio and a 155.7 trillion VND increase in absolute terms compared to the same period last year). Total registered FDI reached nearly 33.7 billion USD, a 7.4% increase; realized FDI was nearly 23.6 billion USD, up 8.9%, the highest in the past five years.

Fourth, business development continues to thrive. In the first 11 months, 275,600 businesses entered or re-entered the market, a 26.1% increase, 1.3 times the number of businesses that exited. The PMI in November reached 53.8 points, indicating continued expansion in production and increased orders.

Fifth, tourism continues to recover rapidly; in the first 11 months, it attracted 19.2 million international visitors, a 21% increase compared to the same period in 2024, surpassing the 2019 figure by nearly 3 million visitors (which was approximately 16.3 million).

Sixth, local governments at two levels generally operate smoothly; digital transformation and administrative procedure reforms are being accelerated; many long-standing projects (nearly 3,000) are being actively addressed, with initial results achieved.

Seventh, post-disaster recovery efforts have seen the entire political system’s strong involvement; since the beginning of the year, nearly 6.8 trillion VND and over 35,200 tons of rice have been provided to support people affected by natural disasters; the “Quang Trung Campaign” has been launched to mobilize resources for building and repairing homes for affected communities.

Eighth, cultural and social sectors have received attention, ensuring social welfare and improving the material and spiritual lives of the people. 96.4% of households reported stable or increased incomes. Construction began on 100 multi-level schools in border communes. It is expected that 100,000 social housing units will be completed this year.

Ninth, political and social stability is maintained; national defense and security are strengthened; public order and safety are ensured.

Tenth, foreign affairs and international integration remain a highlight; the country’s international reputation and standing continue to rise.

Many prestigious international organizations maintain a positive and optimistic outlook on Vietnam’s economy. UOB Bank (Singapore) forecasts Vietnam’s economic growth in 2025 at 7.7%; HSBC predicts 7.9%. In its December 2, 2025 report, the Organisation for Economic Co-operation and Development (OECD) ranks Vietnam among the fastest-growing economies in Asia and the world.

Han Dong

– 16:33 06/12/2025