AKP Phnom Penh, August 13, 2025 --

Prime Minister Pham Minh Chinh stressed the need to promote growth across all three sectors of industry-construction, agriculture-forestry-fisheries, and services; proactively adapt to the US’s reciprocal tariff policies; maintain macroeconomic stability; control inflation; and ensure the major balances of the economy to achieve the growth target of 8.3-8.5% this year.

In his August 12 official dispatch on several tasks and solutions to fulfil the above goal, the PM requested ministers, heads of ministerial-level and Government agencies, and leaders of provinces and centrally-run cities and state-owned groups and corporations to lead and direct the drastic implementation of resolutions and conclusions of the Party Central Committee and its Politburo, as well as resolutions and instructions of the Government and the PM.

He urged the promotion of industrial production in tandem with market restructuring, product diversification, and the development of supply and production chains.

The target is to achieve an industrial value-added growth rate of 9.6–9.8% in 2025, including 11.2–11.5% for the manufacturing and processing sector.

It is necessary to study and develop policies to encourage enterprises to invest in innovation, absorption and mastery of technologies, particularly core and foundation ones; and promote the protection of industrial property rights.

The PM called for more efforts to achieve a 12% growth rate in the total export turnover and a trade surplus of 30 billion USD.

He noted the necessity to boost the production of agriculture, forestry, and fisheries in connection with export and sustainable consumption, with a goal of 65 billion USD in the export value of agro-forestry-fishery products.

Promoting the development of services and tourism, and effectively tapping into the domestic market are important solutions as well.

The Government leader highlighted the importance of supporting individuals and businesses in promoting and marketing their products on digital platforms and through e-commerce, especially OCOP (one commune one product) products, agricultural goods, and local specialties; and striving for a retail sales and consumer service revenue growth rate of approximately 12% in 2025.

Due attention must be paid to studying measures to improve visa approval procedures for tourists entering Vietnam, striving to attract at least 25 million international tourist arrivals, along with 150 million domestic holiday-makers this year, he stated.

The Government leader also urged boosting overall social investment and developing new production capacities for the economy.

He directed the Ministry of Construction, along with relevant ministries, agencies, and local authorities, to accelerate the progress of strategic and nationally significant transportation projects. The goal is to complete at least 3,000km of expressways and over 1,700km of coastal roads by 2025, and fully disburse the 2025 public investment capital plan and the entire amount of additional public investment capital sourced from increased revenue and budget savings in 2024.

It is necessary to speed up the investment preparation progress for several key railway projects, including the North–South high-speed railway line, railway lines connecting Vietnam and China, and expressway projects for the 2026–2030 period.

Regarding the response to the US’s tariff policies, PM Chinh said that ministries, agencies, and localities should effectively implement the resolution on comprehensive measures for timely and effective responses to the tariff policies and the plan to execute the reciprocal trade agreement with the US once promulgated.

There is a need to build and carry out policies and solutions to support and enhance the competitiveness of affected industries and enterprises, assist in implementing traceability systems, and promote participation in supply chains and value chains both regionally and globally, he noted.

AKP-VNA