Vietnam Business News

Highlights of Business News in Vietnam

Vietnam Rising as One of the Southeast Asia’s Economic Powerhouse

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Vietnam’s remarkable transformation into one of Southeast Asia’s fastest-growing economies, especially as the country marks 80 years of national development .With GDP growth reaching 5.3% in 2023 and projected at 7.1% in 2024, the government aims for 8% in 2025. Vietnam’s focused on foreign investment, innovation, and workforce development to avoid the middle-income trap and transition to a high-tech, sustainable economy.

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VIETNAM’S GDP GROWTH IN QUARTER II.2025 THE HIGHEST IN 3 YEARS

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Vietnam’s Q2 2025 GDP growth reached a three-year high, driven by industry, construction and services sectors. The economy maintained strong momentum with rising exports and business optimism. However, challenges like inflation, global uncertainties, and investment delays may hinder efforts to reach the projected growth rate of over 8% for the year, prompting calls for strategic policy adjustments and stronger investor engagement.

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Vietnam Government has adopted action plan to bolster private economy development

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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

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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

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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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VIETNAM BUSINESS NEWS: Vietnam’s internet economy is expected to reach $36 billion in 2024

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Vietnam’s internet economy projected to hit $36B this year, marking a 16% increase compared to 2023. Retail e-commerce continues to be a key pillar of Vietnam’s digital economy, contributing $22 billion to the country’s GDP, 18% higher than the previous year, accounting for 61% of the total size of the Internet economy.

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