 (Photo: tapchitaichinh.vn) |
Vietnam was followed by Mongolia and the Philippines with growth rates of 5.9% and 5.3%. At a press briefing on Wednesday, the WB projected the East Asia and Pacific's overall expansion to ease from 5% last year to 4.8% this year, then slip further to 4.3% in 2026 as trade barriers, geopolitical uncertainties, and reliance on fiscal stimulus weigh on momentum.
Vietnam's edge stems from a sharp manufacturing rebound and consumer spending surge, backed by effective macroeconomic management, tamed inflation, and post-pandemic aid for companies. According to the WB, 80% of Vietnam’s new jobs come from young, dynamic firms, a positive sign of private sector vitality.
Speeding digital transformation, improving governance capacity, and promoting innovation in the private sector will drive the coming growth, said the WB. Rising labor productivity is essential for qualitative growth, led by high-value-added industries.
Vietnam’s participation in regional production chains remains modest, so the WB underscored the importance of advancing structural reforms and improving governance capacity to sustain strong, long-term growth.
