Maintain the target of attracting foreign investment of 39 – 40 billion USD
The Ministry of Finance is implementing many solutions, including working directly with major investors to promote the implementation and concretization of very large foreign investment projects.
Talking to the press about the situation of attracting foreign investment as well as the ability to attract investment for the whole year, at the regular Government press conference on the afternoon of April 6, Deputy Minister of Finance Do Thanh Trung said that attracting foreign investment in the first quarter was quite good, new investment capital and capital adjustment, capital contribution, and share purchase of foreign investors in the first quarter reached nearly 11 billion USD, an increase of approximately 35% over the same period in 2024. In particular, realized capital reached 5.16 billion USD, 5.1 times higher than the same period, mainly focusing on the processing and manufacturing industry, accounting for nearly 62% of the total registered capital and an increase of 26% over the same period.
Forecasting for the whole year 2025, Deputy Minister Do Thanh Trung said that international organizations and banking and financial institutions all assess the possibility of increasing the probability of global economic decline and possibly leading to economic recession. Accordingly, many organizations have lowered the global economic growth rate, which will certainly affect Vietnam.
Besides, the US tax policy applies not only to Vietnam but to all countries, which is the biggest factor affecting psychology, business environment as well as business investment prospects.
“Vietnam’s business investment environment will also be affected to some extent. But I believe that with the Government’s efforts, we will certainly gain the trust of investors and businesses ,” the Deputy Minister affirmed.
The leader of the Ministry of Finance emphasized that despite the difficulties, the Ministry of Finance is implementing many solutions, including working directly with major investors to promote the implementation and concretization of very large foreign investment projects .
“The target for 2025 is still registered capital of about 35 – 40 billion USD, implemented capital of about 27 – 28 billion USD,” said Mr. Trung.
Regarding the growth results of the first quarter of 2025 and the growth scenario for the whole year of 2025, according to Deputy Minister Do Thanh Trung, the growth in the first quarter of 2025 reached 6.93%, the highest growth rate in the first quarter in the period 2020 – 2025 and is quite even in all 3 areas: agriculture, manufacturing and processing industry, and services.
This 6.93% rate is higher than the initial decision of the 10th Central Conference and lower than the scenario after the Central Executive Committee issued Conclusion 123-KL/TW (the national target of achieving growth of over 8% in 2025). With many holidays in the first quarter, this is a very positive and encouraging result, Deputy Minister Do Thanh Trung said.
Although 2025 is predicted to be a very difficult year, and has continued to face difficulties since the beginning of April, at the regular Government meeting on the morning of April 6, the Prime Minister affirmed his determination not to change the growth target for 2025, which is to reach 8% or more.
On that basis, the Ministry of Finance has developed the next growth scenario for each industry and sector, allocated to localities and regions. Accordingly, the growth target for the second quarter is about 8.3%, the third quarter is 8.3% and the fourth quarter is 8.4%. This scenario is about 0.2 percentage points higher than the initial scenario after Conclusion 123-KL/TW.
“This scenario is very challenging but there are reasons why we can achieve it,” Deputy Minister Do Thanh Trung affirmed.
According to Mr. Trung, in the first quarter, the manufacturing and processing industry grew by 9.28%. In the second quarter scenario, the manufacturing and processing industry grew by about 10.1%. In addition, there are many solutions to overcome the unsatisfactory growth indicators such as mining, electricity and gas production, etc.
We are implementing solutions to promote the current space, contributing to growth such as disbursing public investment capital, focusing more on the tourism and service sectors. This is the area that contributed a lot to growth in the first quarter. In the first quarter, we welcomed more than 6 million visitors. This is the space, the potential area contributing to growth, Mr. Trung said.
“We take the 8% mark as the target to build similar scenarios, considering it as the baseline scenario. Certainly the Government, ministries, branches and localities will strive to achieve higher than the set level,” the Deputy Minister affirmed.
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