(VOVWORLD) - As 2025 approaches its final weeks, Vietnam’s economic landscape in the last 11 months has proved Vietnam’s resilience, strong capacity to overcome adversity, and steadfast determination to maintain growth amid global uncertainties. Key indicators, from industrial production and trade to domestic consumption, inflation control, and macroeconomic stability, prove that Vietnam is on the right track in its recovery and development trajectory.
 (Photo: chinhphu.vn) |
Over the past 11 months, Vietnam’s economy has recorded multiple bright spots amid overlapping challenges globally, including natural disasters, global trade stagnation, and new protectionist measures. GDP in the third quarter grew more than 8%, lifting growth for the first nine months to around 7.8%, placing Vietnam among the fastest-growing economies in Asia. This outcome provides a crucial foundation for Vietnam to enter the coming year with confidence and continued momentum toward stable growth and macroeconomic stability.
Resilience to overcome hardship
Key economic sectors continued to show strong performance. Total realized investment from the state budget rose 26.8% and foreign direct investment increased 7.4% compared to the same period last year.
Total trade turnover for the 11 months exceeded 839 billion USD, up 17.2% year-on-year, with a trade surplus of more than 20 billion USD, an impressive and breakthrough achievement.
Associate Professor Dr. Nguyen Thuong Lang of the National Economics University said: “Our import-export performance has never been as good as it is now. In my view, Vietnam’s economy may reach 950 billion to 1 trillion USD this year, the first time in history that our country has entered the group of nations with major trade capacity. Notably, Vietnam’s export structure is now dominated by high-tech manufactured goods.”
Agriculture, in particular, has been a standout performer despite storms and floods, surpassing the 2024 record of 62.4 billion USD and now nearing the government’s target of 65-70 billion USD.
Deputy Minister of Agriculture and Environment Phung Duc Tien said: “By the end of November, agricultural exports reached 64.01 billion USD. With strong recovery in major markets, especially the US and China, and positive shifts in the EU, if December maintains growth of around 6 billion USD, we will achieve this year’s target of 65 to 70 billion USD.”
Domestic consumption and services also rebounded strongly. Retail sales, tourism, and transportation all grew steadily. Vietnam welcomed over 19 million international visitors, up nearly 21% from last year. Inflation remained under control within the target set by the National Assembly. Deputy Governor of the State Bank of Vietnam Pham Thanh Ha noted: “Liquidity within the credit system is ensured. The money market remains stable, with exchange rates adjusting flexibly to market conditions. Lending interest rates are stable and trending downward. The foreign exchange market is operating smoothly, fulfilling legitimate currency needs fully and promptly. Meanwhile, credit growth has improved significantly compared with previous years.”
Maintaining growth amid global volatility
The positive performance of the past 11 months has strengthened confidence and momentum for Vietnam to achieve its goals for 2025 and lay the groundwork for 2026 and beyond.
To sustain growth, Vietnam remains committed to implementing coordinated solutions. In addition to leveraging existing drivers such as boosting exports, supporting businesses, accelerating public investment, and expanding the domestic market, Vietnam is also speeding up institutional reform and digital transformation, considering them keys to making 2025 achievements a firm foundation for the next stage of development.
Professor Dr. Hoang Van Cuong, Vice President of the Vietnam Economic Association, said that in the context of technological competition, new trade barriers, and the accelerating green and digital transition, this is the moment for Vietnam to rise through internal strength and pursue double-digit growth from 2026–2030.
“This is the time for Vietnam to break through, using internal development momentum to realize our aspiration to advance. If we act promptly and strategically, we can enter high-tech and emerging industries and become an important link in global supply chains instead of remaining at the assembly stage. This is not only about avoiding short-term overheating but choosing a path of rapid and sustainable development, aiming for double-digit growth. That would provide a strong foundation for Vietnam to become a developed nation,” said Cuong.
In the first 11 months of 2025, Vietnam has overcome challenges to sustain growth and affirmed the vigor and potential of a rapidly transforming economy. These achievements will motivate Vietnam to reach its full-year growth targets and create momentum for the next phase of development.