Positive economic indicators posted in early 2025: Government press conference

Vietnam's socio-economic situation continued to recover in January, with macroeconomic stability maintained, inflation put under control, and major economic balances ensured.

Minister-Chairman of the Government Office Tran Van Son speaks at the office's regular monthly press conference on the January socio-economic situation. (Photo: VNA)
Minister-Chairman of the Government Office Tran Van Son speaks at the office's regular monthly press conference on the January socio-economic situation. (Photo: VNA)

Hanoi (VNA) – The Government Office on February 5 held its regular monthly press conference on the socio-economic situation in the first month of 2025.

Chairing the event, Minister-Chairman Tran Van Son reported that despite a shorter working month, the country's socio-economic situation continued to recover in January, with macroeconomic stability maintained, inflation put under control, and major economic balances ensured.

According to the Government’s spokesperson, the consumer price index (CPI) and core inflation increased by 3.63% and 3.07% year-on-year, respectively. The monetary, credit, and foreign exchange markets were stable, ensuring sufficient capital supply for the economy. As of January 20, total mobilised capital decreased by 0.43%, while credit for the economy rose by 0.08%, compared to the end of 2024.

State budget revenue for January was estimated at 275.9 trillion VND (10.96 billion USD), reaching 14% of the annual target and up 3.5% year-on-year. Meanwhile, state budget expenditure stood at 134.4 trillion VND, accounting for 5.3% of the target and increasing by 4.8% annually.

Registered foreign direct investment (FDI) exceeded 4.3 billion USD, 48.6% higher than that of the same period last year. Disbursed FDI reached over 1.5 billion USD, up 2%. Trade remained smooth, with total import-export turnover estimated at 63.15 billion USD, down 10.5% from the previous month and 3.5% year-on-year. The first month also saw a trade surplus of approximately 3 billion USD.

The industrial sector saw positive growth, with the index of industrial production (IIP) posting an annual rise of 0.6%. The service sector also performed well, with total retail sales of goods and consumer service revenue up by 9.5%.

Concerning business registration data, nearly 10,700 new enterprises were established in the month, a decrease of 30.3% year-on-year. However, the number of businesses resuming operations surged by 65.2% to nearly 22,800.

Major economic balances, energy security, and food security remained stable, with fiscal deficit, public debt, government debt, and national external debt all kept within safe limits./.

VNA

See more

At the meeting between Minister of Agriculture and Rural Development Le Minh Hoan and visiting FAO Director-General Qu Dongyu. (Photo: VNA)

Vietnam, FAO join hands to boost South-South cooperation on agriculture

United Nations Food and Agriculture Organisation (FAO) Director-General Qu Dongyu's working trip to Vietnam from February 5-8 aims to promote bilateral cooperation in the fields of agriculture, food security, environmental protection, and rural development amid complicated and unpredictable global developments.

Deputy Prime Minister Ho Duc Phoc speaks at meeting of the Steering Committee for Price Management (Photo: VNA)

Deputy PM stresses importance of efficient price management in 2025

Deputy PM Ho Duc Phoc said with the GDP growth target for 2025 of at least 8%, the amount of money injected into the economy will be significantly higher than in 2024, and growth drivers will be stimulated, thereby impacting price indexes, especially consumer prices.

At the business registration office under the municipal Department of Planning and Investment (Photo: VNA)

Number of firms resuming operations in Hanoi surges 44%

New business registrations in Hanoi saw a 24.3% decline, with 2,045 new enterprises receiving certificates. The total registered capital for the new establishments dropped by 53.4% to 13.8 trillion VND (546.1 million USD).

A corner of VSIP Bac Ninh (Photo: VNA)

Bac Ninh wins growing investor confidence

With its potential and local authorities’ flexible and business-friendly policies, Bac Ninh is establishing itself as a magnet for both domestic and foreign investors.

Investors watch the market's movements at a trading office of a securities firm. (Photo: VNA)

Stock market gears up for a new era

The mission of the securities sector is to continuously develop infrastructure, improve service quality, attract international investors and mobilise medium- and long-term capital.

The Cai Mep - Thi Vai deep-water port complex in Ba Ria - Vung Tau province plays a pivotal role in attracting FDI capital to the southeastern region. (Photo: VNA)

Vietnam’s FDI inflow soars by 48.6% in January

The manufacturing and processing industry dominated foreign investment, attracting over 3.09 billion USD, equivalent to nearly 71.3% of total investment and showing a remarkable 99.1% increase year-on-year.

Vietnam's CPI in January 2025 expands by 3.63% year-on-year, while core inflation rose 3.07%. (Photo: VNA)

January CPI up 0.98%

Such factors as adjusted healthcare fees, and higher transportation costs and food prices led to a 0.98% rise in the Consumer Price Index (CPI) in January.

The cargo port in Qingdao, Shandong province, China, on January 13, 2025 (Photo: VNA)

Vietnam - China economic, trade cooperation flourishes

China - Vietnam's economic ties have flourished, with bilateral trade and investment growing rapidly. In 2024, trade reached 260.65 billion USD, up 13.5% from the previous year, while Vietnam is also an important destination for Chinese investors.