Vietnam 2025: Steady integration, comprehensive economic breakthrough after 80 years of independence
According to the General Statistics Office, despite the fluctuations of the global economy, in 2024, GDP will increase by 5.9% in the context of a volatile global economy, making Vietnam a rare bright spot in the Asia- Pacific region. With a GDP of more than 476 billion USD, Vietnam is currently in the group of 40 largest economies in the world and the top 5 in ASEAN.
In 2025, Vietnam continues to affirm its position as a dynamic, resilient and strongly integrated economy. With a GDP of over 476 billion USD, per capita income exceeding 4,600 USD, the poverty rate has dropped to below 4%, while the middle class is expanding rapidly, forecast to account for 25% of the population by 2030. Vietnam is moving closer to the group of upper middle-income countries and gradually becoming a bright spot in the region.
Speaking at the recent Vietnam Business Forum for Sustainable Development (VCSF), Deputy Prime Minister Ho Duc Phoc emphasized that Vietnam's economic growth is among the highest in the world , budget revenue exceeds estimates, import and export increases sharply, trade surplus reaches a record, public debt decreases, and major balances of the economy are maintained stably. These results
This result not only demonstrates a strong recovery after the pandemic but also affirms the role of a solid financial foundation, ensuring sustainable development for the country and businesses.
According to Dr. Can Van Luc - Chief Economist of BIDV, Member of the Prime Minister's Policy Advisory Council, in recent times, the economy has grown impressively, people's lives have improved significantly. Vietnam has maintained a growth rate among the highest in the region, reaching an average of 6 - 7% for many years. Macroeconomic stability has been maintained. Average inflation has remained below 4% for many years, exchange rates and financial markets have been basically stable, creating an important foundation for production and business. Imports and exports reached more than 430 billion USD in the first half of 2025, an increase of 16% over the same period last year, affirming the resilience of international trade. The trade surplus of 7.19 billion USD helps to further consolidate foreign exchange reserves, enhancing the resilience of the economy.
"Up to now, the Vietnamese economy has passed the first 8 months of 2025 with positive growth momentum, controlled inflation, breakthroughs in import and export, strong recovery of tourism and acceleration of public-private investment. Policy space is still quite good, major balances are ensured, reflecting the correct direction of management and determination to reform of the Government - creating a foundation for higher growth targets in 2025 and the next period. Policy management in 2025 continues in the spirit of prioritizing macroeconomic stability, ensuring major balances, striving for GDP growth of 8.3 - 8.5% for the whole year - the target stated by the Prime Minister at the Government conference with localities. Along with currency, fiscal policy has made a positive mark: budget revenue in 7 months reached about 80.2% of the estimate, up 27.8% over the same period... This result shows the "health" of the production - business sector and the efficiency of revenue - expenditure, while creating surplus "Location for investment, development and social security," Mr. Luc analyzed.
"This achievement is the result of the correct development path set by the Party and State, firmly stabilizing the macro economy, promoting institutional reform, developing the digital economy, green economy and creating a favorable business environment. This is not only a great step forward for the Vietnamese economy but also a testament to the aspiration to reach international standards and build a strong and prosperous country," Mr. Luc emphasized. At the same time, Dr. Can Van Luc assessed that the economy in the first half of 2025 is "a starting point full of positive signals", emphasizing the resilience from reform and synchronous momentum on all three pillars of macro, institutional and human resources.
In addition, from the perspective of the management agency, Ms. Phan Thi Thang, Deputy Minister of Industry and Trade, said that recently, industrial production has recovered rapidly, growth has occurred widely in localities, showing the spread of orders and capacity. Many industries have recorded double-digit growth and "quality" growth; restructuring industrial space, developing platform industries and emerging industries, improving technology content - localization to participate more deeply in the global value chain. In parallel, public investment and strategic infrastructure continue to be accelerated, creating "pull" for private investment and FDI to spread in clusters - chains, thereby reducing logistics costs, improving regional competitiveness...
From the business perspective, Dr. To Hoai Nam - Permanent Vice President and General Secretary of the Vietnam Association of Small and Medium Enterprises affirmed that the strong reform policies and development motivation of the Party and the State have opened up new development spaces such as improving the investment environment, promoting digital transformation, and comprehensively implementing electronic invoices. The Government has actively implemented its commitments in new-generation free trade agreements, bringing Vietnam into the global value chain, creating a good foundation for businesses to develop and expand internationally. "Not only that, it is clear that the steadfastness in policy management has strongly strengthened the confidence of the business community and international organizations. 72% of European enterprises in Vietnam are willing to introduce Vietnam as an attractive investment destination. Large corporations from the US, Korea, Japan, and the EU continue to expand production, considering Vietnam an important link in the global supply chain. This is clear evidence of the attractiveness of a stable, transparent, and long-term vision economy," Mr. Nam added.
Steadily overcoming historical challenges, affirming the desire to reach new heights
The exhibition "National Achievements: 80 Years of Independence - Freedom - Happiness Journey" took place from August 28 to September 5 at the Vietnam Exhibition Center (Hanoi). The exhibition has the participation of 230 booths, covering an area of nearly 260,000m2, displaying many products, images, and introducing the achievements of 34 provinces and cities, 28 ministries, branches, and typical private and state-owned enterprises.
Vietnam is entering a new era of development in a volatile world context, from strategic competition, complex geopolitics, fragmented global economy, supply chain shifts to urgent demands for green growth and sustainable development.
In the context of countless challenges, economic experts all believe that the Vietnamese economy in 2025 is creating a "talisman" from the right policies, internal growth potential and flexible adaptability. This is a solid condition to move towards the goal of double-digit growth in the 2026-2030 period and firmly become a developed, high-income country by 2045.
Looking back at the achievements of the past 80 years proves a truth: innovation is an endogenous requirement, the law of existence and development of the country. Thanks to innovation, Vietnam has transformed from a backward agricultural economy into one of the most dynamic economies in the region, resilient to many global shocks.
And now, our country is facing a breakthrough innovation. Vietnam is leading the transformation process from an “assembly factory” to an “innovation center”, from an innovative institutional foundation to a space for sustainable development.
Yes, Vietnam is changing. In an interview with Vietnam Business News, Ms. Mary Tarnowka, Executive Director of AmCham Vietnam, shared: “Vietnam is one of the very few countries that grew actively in 2020… American companies such as Intel and First Solar are still operating continuously. This proves that the business environment is stable and attracts American investors." At the same time, she emphasized that American businesses appreciate Vietnam's efforts in improving the investment environment, especially in the fields of green transformation and digital economy. However, to improve, Vietnam needs to pay more attention to institutional transparency, policy consistency and administrative procedure reform. That will be the key to attracting high-quality FDI capital flows.
Mr. Phan Duc Hieu - Standing member of the National Assembly's Economic Committee: 2025 is identified as a particularly important time in the country's development process, both the final stage of the 5-year Plan 2021-2025 and the pivotal year creating momentum for the new period. This is a year that converges many strategic milestones, requiring high determination, a spirit of drastic action, and innovation in thinking and working methods of the entire political system to realize the aspiration for rapid and sustainable development.
In the context of many international changes, Vietnam remains steadfast on the path of innovation and deep integration. The Party, the National Assembly and the Government have agreed on the view that 2025 is not only a year of “acceleration” in progress, but also a year of “breakthrough” in development quality. This is reflected in a comprehensive approach, from policy thinking to practical action, from organizational structure to management methods, all based on the spirit of innovation, creativity and high responsibility to the people.
In addition, AmCham also highly appreciated the Government's efforts in improving administrative processes and promoting digital transformation - important factors to enhance transparency, policy predictability and facilitate investment.
According to Mr. Jonathan Pincus, senior economist of the United Nations Development Program (UNDP) in Vietnam: “The most remarkable thing is Vietnam's ability to manage macroeconomic policies. During the crises, Vietnam maintained macroeconomic stability, inflation was under control, and investor confidence did not decline - that is a very important foundation for maintaining long-term growth".
Towards a strong and prosperous Vietnam
The 80th anniversary of National Day is not only a moment to look back on glorious history, but also a moment to affirm the aspiration of a strong, prosperous nation ready to face the future.
The economic achievements of the past 80 years are proof of a truth: innovation is an endogenous requirement, the law of existence and development of the country. Thanks to innovation, Vietnam has transformed from a backward agricultural economy into one of the most dynamic economies in the region, with the capacity to withstand many global shocks.
Vietnam is asserting its new stature on the global economic map. This achievement stems from the strategic vision, steadfast reform and correct policies of the Party and State, opening up the prospect of a developed and powerful country by 2045.
Mr. Jacques Morisset, Chief Economist of the World Bank in Vietnam, commented: “Vietnam has demonstrated a successful development model in the past. But the next step will be much more difficult, requiring the regeneration of growth momentum from innovation, private sector development and improving the efficiency of the public sector. This will be an inevitable step if Vietnam wishes to become a high-income country by 2045.”
In addition, the World Bank and its experts often emphasize that Vietnam is on the right track when assessing the importance of innovation and private capacity building to help Vietnam avoid the middle-income trap.
In particular, in these historic moments, the business community clearly recognizes that the past 80 years have been a journey of great opportunities, but there are also many challenges to overcome. Mr. Pham Tan Cong, Chairman of the Vietnam Federation of Commerce and Industry (VCCI), shared: "Vietnam has become an attractive destination for investment, but for domestic enterprises to be competitive globally, it needs a transparent business environment, stable policies and especially stronger administrative procedure reforms."
According to Dr. Can Van Luc: “The root of development is people. To achieve the 2045 goal, Vietnam needs to focus on investing in education, health care, science and technology and arouse the desire to contribute of each individual. A country is only strong when each of its citizens is strong.”
Entering the 2025 - 2030 period and beyond to the 2045 vision, Vietnam's goal is a rich people, a strong country, a democratic and civilized society, becoming a developed, high-income country. Celebrating the 80th anniversary of National Day is not only a time to pay tribute to the glorious past, but also a moment for the entire nation to affirm its world-class aspirations, building an independent, powerful and prosperous Vietnam.
80 years after independence, Vietnam has affirmed its position as a stable, dynamic and resilient country. From a struggling economy, the country has risen to become an attractive destination for investment capital, an important link in the global value chain. Vietnam has not only maintained political and social stability, but also become an emerging regional center for production, trade and services. The process of deep integration has helped the economy become increasingly open, closely connected with the world, and built trust with the international community. Outstanding achievements in all fields - from GDP growth, exports, digital transformation, green energy to people's lives - have demonstrated a strong innovation and breakthrough of Vietnam. That stature continues to nurture the aspiration to reach out, making the country a fulcrum for sustainable development and a reliable partner in the era of globalization.
Source: https://baolaocai.vn/80-nam-doc-lap-tu-do-hanh-phuc-viet-nam-tren-hanh-trinh-doi-moi-va-khat-vong-post880808.html
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