Vietnam Economic Growth Report 2025

Vietnam's economy demonstrates exceptional resilience in 2025, with GDP growth reaching 7.96% in Q2 2025. The first half performance of 7.52% growth underscores the economy's robust momentum, driven primarily by services and manufacturing sectors.

While external challenges including global trade tensions and US tariff policies present headwinds, Vietnam's strong fundamentals—including record FDI inflows, low unemployment, and controlled inflation—position the economy for sustained development.

Primary Growth Drivers

• Services Sector: Major contributor to GDP growth
• Manufacturing Sector: Maintains recovery and development trajectory
• Export Industries: Continue as economic backbone

Challenges and Risk Factors

Near-term Prospects (2025)

Vietnam's economy is expected to maintain solid growth despite global uncertainties. The government's target of 8.3-8.5% appears ambitious given international forecasts, but strong domestic fundamentals provide support.

Key Supporting Factors

1. Robust FDI inflows: Indicating continued investor confidence
2. Low unemployment: Supporting domestic consumption
3. Controlled inflation: Maintaining purchasing power
4. Export competitiveness: Despite trade challenges

Risk Mitigation Strategies

The Vietnamese government continues to implement policies to:

• Diversify export markets
• Strengthen domestic demand
• Enhance economic resilience
• Maintain macroeconomic stability