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Vietnamese economy sustains positive growth momentum: Prime Minister

VGP – Prime Minister Pham Minh Chinh said the Vietnamese economy sustained positive growth momentum across three pillars of agriculture, industry and service in the first four months this year.

May 06, 2025 2:20 PM GMT+7
Vietnamese economy sustains positive growth momentum: Prime Minister- Ảnh 1.

Prime Minister Pham Minh Chinh presides over the Cabinet meeting in Ha Noi, May 6, 2025. Photo: VGP

Pham made the above statement while addressing the Cabinet meeting in Ha Noi on May 6.

Foreign direct investment (FDI) inflows reached around US$13.82 billion in January-April period, an increase of 39.9 percent against the same period last year.

Meanwhile, the disbursed volume of FDI was estimated at US$6.7 billion in the reviewed period, a year-on-year increase of 7.3 percent, he said.

Industrial production expanded 8.9 percent in April and 8.4 percent in four months.

Viet Nam's total trade volume was estimated at US$74.32 billion in April, down 1.4 percent compared to the previous month and up 21.3 percent against the same period last year.

In the first four months, trade with the rest of the world reached US$276.89 billion, a year-on-year rise of 15.7 percent, in which exports and imports increased by 13 percent and 18.6 percent, respectively.

Foreign arrivals to Viet Nam reached 1.65 million in April and 6.67 million in the first four months, up 6.3 percent and 23.8 percent against the same period last year

The Prime Minister called for greater efforts to realize the ambitious GDP growth goal of at least 8 percent for the whole year due to adverse conditions, including the impacts of the U.S. Administration's reciprocal tariff policy.

He urged inferior levels to double efforts to raise the disbursement rate of public investment capital (around US$35.3 billion for 2025) to 100 percent by the end of this year.

The Government chief also called for effective implementation of the current preferential visa policies while exploring the possibility of expanding visa exemption and amending the Law on Nationality to further attract arrivals to Viet Nam.

Pham urged authorities and enterprises to take measures to diversify markets and supply chains, promote domestic consumption, and strengthen the supervision of the origin of goods./.