HÀ NỘI — Việt Nam’s economy is heading into the final weeks of 2025 with strengthening momentum despite storms, historic floods and global uncertainty, Prime Minister Phạm Minh Chính says at the Government's regular meeting on Saturday morning.

The PM notes that inflation is broadly contained, growth engines are strengthening and major supplies – from electricity to food – have remained stable even during weeks of severe weather that battered central provinces and cities.

Budget revenues are up by nearly a third compared with last year, and public debt indicators remain well under control, he said.

He reports that import–export turnover in the first 11 months reached an estimated US$840 billion, up more than 17 per cent year-on-year, with a trade surplus of about S$20.5 billion.

Public investment disbursement climbed to VNĐ553 trillion (US$21 billion), exceeding last year’s pace, and foreign direct investment continued to rise. Several provinces and cities, including Quảng Ninh, Hải Phòng and Ninh Bình, are on track for double-digit growth.

Chính attributes the performance to what he called a unified response across the political system, backed by efforts to accelerate infrastructure projects, support businesses and maintain social-welfare programmes. 

But he acknowledges that pressure points remain: exchange-rate risks, high gold prices and slower-than-expected public investment disbursement, partly due to weeks of heavy rain and landslides. The two-tier local-government model also faces administrative hurdles.

Ministers are urged to propose 'breakthrough measures' to meet this year’s growth target of at least 8 per cent, including a push on exports, industrial production and domestic consumption.

Climate-related disasters will require continued spending, he adds, after storms and floods this year destroyed homes and infrastructure across central Việt Nam.

The meeting also reviews preparations for major political events in the coming months and assesses progress on administrative reforms, digital government initiatives and natural-disaster recovery.

The PM said the government must 'stay attuned to on-the-ground conditions' and respond faster to emerging risks as Việt Nam moves into the last phase of its 2021–2025 development cycle.

The meeting is ongoing. — VNS