The report was released on Tuesday at a press conference in Hanoi. 

According to the ADB, Vietnam’s economy performed remarkably well in the first half of 2025. “Growth accelerated by an impressive 7.5% year on year from 6.4% in H1 2024, its strongest first half performance since 2010,” the report said. 

Fiscal growth and the recovery of tourism and its associated industries helped boost the service sector by 8.1% in H1 2025. Industry and construction also grew by a strong 8.3%, while agriculture grew by 3.8%. 

Country Director for Vietnam Shantanu Chakraborty said the ADB will remain a reliable partner to aid Vietnam’s economic development in the coming period.

"In response to mounting challenges, the government has taken very active steps. It has taken timely policy actions. For example, accommodative monetary policies have been maintained and fiscal stimulus has supported growth, amid rising external uncertainties,” he said.

Chakraborty suggested that, in the near terms, stronger near-term coordination be needed between the fiscal policies and the monetary policies to safeguard macro-financial stability.

“This is the number one. The time has come for the country to really ensure a stable macroeconomic system in the country to be able to aspire to reach those goals. There are many factors at play here,” he said.

Over the longer term, broad structural reforms spanning climate resilience, private sector competitiveness, which has found a lot of importance in the leadership mind space these days, state enterprise restructuring, tax modernization, and digital transformation will all be essential to build a more balanced and sustainable growth model, according to Chakraborty.

The Vietnamese government is stepping up measures to achieve its 2025 growth target of 8.3-8.5%, towards double-digit growth in the coming years. According to ADB’s Principal Country Economist, Nguyen Ba Hung, Vietnam’s economy has maintained its resilience, despite external impacts.

But while Vietnam’s economic outlook for 2025-2026 remains positive, risks from global uncertainties must still be taken into account, the ADB said.