Industry and Trade Sector Targets 17% Industrial Production Growth in 2025

(HPĐT) – On the afternoon of January 3, the Department of Industry and Trade, in coordination with the Industry and Trade Sector Trade Union, held a conference to review 2024 work and implement tasks for 2025. Attendees included Bui Duc Quang, Vice Chairman of the city People’s Council; Hoang Minh Cuong, Vice Chairman of the city People’s Committee; and representatives of the Ministry of Industry and Trade, the Vietnam Industry and Trade Sector Trade Union, and relevant city departments, sectors, and units.

Delegates attend the conference.

At the conference, Vice Chairman Hoang Minh Cuong recognized and praised the Industry and Trade sector’s efforts and results in 2024. To successfully carry out the 2025 plan assigned by the city People’s Committee, he asked the sector to focus on resolving difficulties for businesses; continue administrative reform to facilitate business operations; and ensure sufficient, continuous, and stable electricity for production and business. The sector should also restructure itself, improve the quality of growth, focus on industrial-park and industrial-cluster infrastructure, and prepare the best conditions to welcome new investment flows to the city. It should develop modern, smart, and sustainable industry as a key pillar of the city’s economic growth, with high-tech industry as the priority.

Vice Chairman Hoang Minh Cuong speaks at the conference.

The Vice Chairman also asked the Industry and Trade sector to strengthen market management before, during, and after the Lunar New Year; promote the campaign encouraging Vietnamese people to prioritize Vietnamese goods; and bring Vietnamese goods to rural areas. It should implement the city’s trade development strategy, focus on commercial infrastructure, and advise on solutions for developing traditional markets. In coordination with central ministries and agencies, especially the Ministry of Industry and Trade, it should research and propose procedures and plans to build the Red River Delta Regional Industrial Development Support Center and the city’s Renewable Energy Industry and Services Center. It should promote exports of high-value-added goods, diversify import and export markets, effectively exploit markets covered by new-generation free trade agreements signed by Vietnam, and develop logistics services linked to goods, exports, imports, and domestic trade. New logistics centers should be attracted in accordance with the planning. The sector should also effectively implement international integration activities and continue improving the administrative reform index and the people’s satisfaction index for services provided by the Department of Industry and Trade.

Leaders of the Department of Industry and Trade commend and reward collectives and individuals with outstanding achievements in 2024.

In 2024, four of the six Industry and Trade sector targets met or exceeded their plans. Industry underwent strong qualitative change, shifting toward processing, manufacturing, and high technology. The industrial production index was estimated to grow 15.43%, exceeding the 15% target. Goods exports were a bright spot in the city’s economic development, with annual export turnover estimated at USD 36.3 billion, up 19.5% year on year and 10% above the assigned plan. Commercial activity continued to grow, goods supplies remained secure, and essential needs were met. E-commerce development events took place in diverse formats; trade promotion and regional connectivity were strengthened, particularly for Hai Phong specialties and OCOP products. The Industry and Trade sector also ensured safe and stable electricity supply, monitored market developments, provided businesses with domestic and international market information, and proactively tracked business conditions to stabilize petrol and oil supplies for production, business, and consumption. In state industrial management, the Department of Industry and Trade advised the city People’s Committee to establish five industrial clusters in 2024, bringing the total to 18 clusters with a combined area of 737.1 hectares.

Leaders of the Vietnam Industry and Trade Sector Trade Union present an emulation flag of the Vietnam General Confederation of Labour; the city Labour Federation presents awards to outstanding Industry and Trade units.

In 2024, the Industry and Trade Sector Trade Union also pursued strong and creative renewal through practical activities focused on grassroots organizations and improving the material and spiritual lives of members, workers, public employees, and labourers. Emulation movements marking major anniversaries were vibrant and spread throughout the sector’s trade-union system. Care for and protection of members’ and workers’ lawful and legitimate rights and interests received close attention. Social-security activities attracted broad participation and responsibility from members and workers. Average worker income reached VND 7 million per person per month. The rate of workers with labour contracts reached 100%, while 95% participated in social insurance schemes. Members, workers, public employees, and labourers remained stable in outlook and secure in their work, with no collective work stoppages.
In 2025, based on practical conditions and development capacity, the Industry and Trade sector set the following targets: industrial production growth of 17% compared with 2024; goods export turnover of USD 37 billion; goods import turnover of USD 32 billion; and total retail sales of goods and consumer-service revenue of VND 250.2 trillion./.