The Government's Resolution No. 01/NQ-CP has proposed 3 economic growth scenarios in 2025. Accordingly, in the scenario of gross domestic product (GDP) growth in 2025 increasing by 6.5-7%, the growth of the industry is expected to reach 6.6-7.5% compared to 2024.

Specifically, industrial growth in Q1/2024 is projected at 6.4–6.9%, Q2 at 6.7–7.6%, Q3 at 6.8–7.6%, and Q4 at 6.9–7.7%. In this scenario, the manufacturing and processing industry is expected to grow by 7.4-8.3%; and the electricity production and distribution industry is expected to grow by 9.9-10.6%.

For the scenario with 8% GDP growth in 2024, the industry is expected to achieve a growth rate of 9.3% in 2025. Of which, growth in Q1 is projected at 8.8%; Q2 at 9.4%; Q3 at 9.2%; and Q4 at 9.6%.

In this scenario, the manufacturing and processing industry is expected to grow by 11%, and the electricity production and distribution industry is expected to grow by 11.3%.

In the highest scenario, where GDP grows by 10% compared to 2024, the industry could achieve a growth rate of 11.9%. Of which, growth in Q1/2025 is projected at 11%; Q2 at 11.9%; Q3 at 11.8%; and Q4 at 12.6%.

In this scenario, the manufacturing and processing industry is expected to grow by 12.5%, ​​and the electricity production and distribution industry is expected to grow by 14.1%.

Resolution No. 01/NQ-CP, issued on January 8, 2025, outlining the key tasks and solutions to implement the socio-economic development plan and state budget estimates for 2025, also clearly stated that 2025 is an important year, a year of acceleration, breakthrough, and completion of the 5-year socio-economic development plan 2021-2025. It also involves streamlining administrative structures, organizing Party Congresses at all levels, and preparing for the 14th National Party Congress, setting the foundation for Vietnam to confidently enter a new era of prosperity and growth, achieving the goals of the 10-year socio-economic development strategy 2021-2030.

Accordingly, in order to successfully implement the goals and tasks of the socio-economic development plan for 2025 and the 2021-2025 period, the Government requires all levels, sectors, and localities to focus on ensuring that GDP growth for 2025 reaches at least 8%, with efforts to achieve double-digit growth under favorable conditions.

To achieve the above target, the Government has assigned specific targets to the Ministry of Industry and Trade in various sectors. These include the growth rate of total export turnover at 12%, striving for about 14%; total retail sales of goods and consumer service revenue at 10%, striving for about 12%; the industrial production index (IIP) at 9-10%, striving for about 12.5%; B2C e-commerce market growth at 20-22%; and the rate of enterprises applying e-commerce at 60-62%.