Prime Minister Pham Minh Chinh has called for accelerated and breakthrough actions across all sectors and levels of government to realize Vietnam’s socio-economic development goals amid mounting global and domestic challenges.

Chairing the Government regular meeting on August 7, held virtually with leaders from 34 provinces and cities, PM Chinh emphasized the importance of thoroughly analyzing both positive and negative factors impacting the country.

He urged identification of key measures to ensure flexible and effective responses to evolving challenges, including reciprocal US tariffs, and stressed the need to revive traditional growth drivers while fostering new ones to achieve the ambitious 8.3–8.5% growth target for 2025.

The PM also directed ministries, sectors, and localities to streamline at least 30% of business procedures, conditions, and compliance costs; and resolve long-delayed investment projects.

Reviewing the nation’s socio-economic performance over the first seven months of 2025, PM Chinh noted that macroeconomic stability had been maintained, with inflation under control and major economic balances ensured.

All three key economic pillars — agriculture, industry, and services — showed positive growth. Notably, Vietnam’s total import-export turnover exceeded $500 billion for the first time, generating a trade surplus of over $10 billion.