The Vietnamese economy experienced significant growth in the last year, with an impressive rate of 8.02%, marking the second-highest growth rate in the past 15 years. This growth was primarily fueled by the services and industry sectors. In the final quarter of the year alone, the economy expanded by 8.46% on a year-on-year comparison, as per the data from the General Statistics Office.
Steady Growth Amid Global Economic Volatility
Vietnam has demonstrated a remarkable economic performance in the face of global economic instability. This instability has been particularly marked by trade tensions and reciprocal tariff policies from the United States. Despite these challenges, Vietnam’s growth rate was the highest amongst Southeast Asian nations and one of the highest globally. The last time the economy grew at a higher rate was in 2022, with an expansion of 8.12%, following the Covid-19 pandemic.
Economic Indicators
In 2025, the Gross Domestic Product (GDP) of Vietnam rose to US$514 billion, and the per capita income reached $5,026. These figures have positioned Vietnam as an upper-middle-income nation. Nevertheless, the inflation rate for the year experienced a slight increase, reaching 3.31%.
The services sector emerged as the largest contributor to the Vietnamese economy, accounting for 51.1% of the total. The industry and construction sectors followed with a 43.6% contribution, while the remainder was made up by agriculture, forestry, and fisheries.
In terms of trade, Vietnam hit a new record with a total value of $930 billion, reflecting an 18.2% rise from the previous year. The export value increased by 17%, totaling $475 billion.
In the same year, there was a notable increase in enterprise registration and revival, with 297,500 businesses registered or revived, marking a 27.4% surge.
Future Economic Prospects
Looking forward, the National Assembly has set an ambitious GDP growth target of 10% for the upcoming year. Achieving this target will increase the per capita income to a range of $5,400 to $5,500.
Questions & Answers
What was the growth rate of the Vietnamese economy last year?
The Vietnamese economy grew at a rate of 8.02% last year.
What sectors mainly drove Vietnam’s economic growth?
The growth of the Vietnamese economy was primarily driven by the services and industry sectors.
What is the GDP growth target set by the National Assembly for the next year?
The National Assembly has set a GDP growth target of 10% for the next year.
