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Vietnam Government has adopted action plan to bolster private economy development

The Government issued Resolution No. 139 to boost private sector growth by cutting 30% of administrative procedures, costs, and business conditions by 2025. It promotes digital transformation, shifts to self-declaration, and improves land access through policy reforms, rental incentives, and streamlined approvals.

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Vietnam reported trade surplus of US$3.79 billion

Vietnam reported trade surplus of US$3.79 billion in January–April period 2025

Vietnam’s trade turnover reached US$276.89 billion in the first four months of 2025, up 15.7% year-on-year, with a trade surplus of US$3.79 billion. Exports rose 13%, imports 18.6%, led by strong activity from both domestic and foreign-invested sectors. The U.S. remained the top export market, while China was the largest import source.

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Vietnam to be forecasted as Asia-Pacific’s fastest growing economy in 2026

Vietnam has been forecasted by The World Bank (WB) to lead the Asia-Pacific region in GDP growth with the growth rate of 6.6% in 2025 and 6.3% in 2026. Despite a slight downward adjustment for 2026, Vietnam is expected to outpace major regional economies such as the Philippines, Thailand, and China, driven by strong export capabilities and domestic demand. The World Bank also highlighted risks for the region.

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