vietnam economy

Update news vietnam economy

Vietnam’s economic momentum reflected in new income status

According to the WB, this performance was driven primarily by a robust recovery in exports, which expanded by more than 15% during 2024–2025, and by the country’s ability to sustain strong GDP growth of 7% and 8% in two consecutive years.

Vietnam moves to tackle double challenge in FDI attraction in next phase

Vietnam is entering a new phase in attracting foreign direct investment (FDI) with a double challenge - securing larger capital inflows while ensuring that new projects deliver higher technological value.

Retail sales, consumer services up nearly 13% in first half

Vietnam's retail and consumer service sector maintained strong momentum in the first half of 2026, with total retail sales of goods and consumer service revenue rising 12.9% year-on-year.

Vietnam posts trade deficit of 16.65 billion USD in first six months

Vietnam’s total import-export turnover in June reached 104.22 billion USD, up 5.2% month-on-month and 36.3% year-on-year, according to a socio-economic report for the second quarter and first half of 2026 released by the National Statistics Office.

PM reaffirms commitment to double-digit growth through 2030

The PM reaffirmed the Government's determination to achieve double-digit economic growth in 2026 and the 2026–2030 period while maintaining macroeconomic stability, keeping inflation under control and safeguarding the economy's major balances.

Vietnam enters upper-middle-income group. What's next?

A new World Bank classification marks a major milestone for Vietnam. The country's next economic goal is escaping the middle-income trap and joining the world's high-income economies.

Vietnam enters upper-middle-income group after decades of reform

Vietnam has officially joined the World Bank's upper-middle-income group, marking a major milestone after nearly four decades of economic reforms and opening a new chapter in its journey toward becoming a high-income economy by 2045.

Vietnam's GDP grows 8.18% in first half of 2026

Vietnam's economy maintained solid growth momentum in the first half of 2026, with gross domestic product (GDP) expanding by 8.18%, while average inflation, measured by the consumer price index (CPI), rose 4.38%.

World Bank classifies Vietnam as an upper-middle-income economy

The World Bank (WB) has classified Vietnam as an upper-middle-income economy after the country's gross national income (GNI) per capita rose to US$4,970 in 2025.

Vietnam's new growth model shifts toward technology and innovation

Vietnam's decades-long growth model delivered remarkable success. But as global competition changes, the country now faces a more fundamental challenge - creating its own competitive advantage.

Vietnam sets 2026 growth targets of 11% for Hanoi and 10.2% for HCMC

The Vietnamese government has issued Resolution 169, setting economic growth targets for localities in 2026 and throughout the 2026-2030 period.

Vietnam stands out as attractive destination among emerging markets in 2026

Vietnam is positioning itself as one of the promising markets among emerging economies in 2026, attracting growing interest from international investors as global capital shifts toward economies with strong fundamentals.

New master plan aims to boost Vietnam’s collective economy through 2030

The PM on June 24 signed a decision approving the master programme on collective economy development for 2026-2030.

Flexible policies key to unlocking VN's strategic technology ambitions: expert

Alongside investment resources, Vietnam needs more flexible mechanisms that encourage innovation, risk-taking and talent attraction to drive breakthroughs in strategic technologies, in line with the Politburo’s Resolution 57.

Export growth key to Vietnam’s double-digit economic expansion

Exports will remain a key driver of Vietnam’s ambition to achieve double-digit economic growth in the coming years, officials and industry representatives said at a conference held by the Ministry of Industry and Trade in Hanoi on June 25.

Beyond raw volume: new enterprises cultivate Mekong wealth

Pioneering models like Sok Farm are shifting the narrative from low-value raw production to organic global e-commerce. They prove that with the right approach, the Mekong can turn local resources into true prosperity.

Blue seas, strong economy: Vietnam's sustainable future

The robust growth of the marine economy has created significant opportunities for Vietnam while at the same time posing major challenges to marine environment protection.

Vietnam retains cost competitiveness amidst regional challenges: JLL report

Against a backdrop of escalating office fit-out expenses across the Asia Pacific region, Vietnam stands out as one of the most economically viable markets, offering an appealing balance of quality and cost efficiency.

Business confidence in Vietnam rebounds strongly: UOB

Business sentiment in Vietnam is rebounding strongly despite a challenging operating environment marked by rising costs and growing global uncertainties, including prolonged geopolitical tensions and trade-related pressures.

The Mekong Delta paradox: an export giant lacking corporate giants

Despite generating 58 percent of national forex surplus, the Mekong Delta faces a downward spiral. A severe shortage of medium enterprises and a massive youth brain drain are stripping this fertile land of its competitive edge.