According to the report, the country's growth momentum is driven by strong exports and investment, a resilient domestic economy, and a sweeping reform agenda amid the largest administrative reorganization since the beginning of the renewal process in 1986.
It notes that while Vietnam’s outlook remains solid, risks remain elevated in the near term. Although manufacturing and exports would continue to anchor growth, the economy’s ability to retain more value domestically, deepen linkages between foreign-invested and domestic firms and raise productivity will be critical for sustaining momentum over the medium term.
The report highlights that while Vietnam’s reform agenda is moving in the right direction, translating reforms into results – ensuring that investments are productive, financing is adequate, and reform implementation keeps pace with ambition – requires sustained efforts. Done well, these efforts can help Vietnam build a virtuous cycle of investor confidence, private investment, growth, and resilience, while making credible progress toward high-income status, the report says.
