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Update news vietnam economy
With strong exports in culture-driven products like K-pop, cosmetics, and traditional fashion, South Korea is reaping the rewards of its lifestyle-focused strategy. Vietnam may be next.
On the morning of December 6, Prime Minister Pham Minh Chinh chaired the Government’s regular cabinet meeting for November, aiming to assess the country’s socio-economic situation over the past month and the first 11 months of 2025.
The Politburo has set a bold vision for Vietnamese agriculture: by 2030, the country should have several strong agricultural enterprises that not only lead the region but also compete on the world stage, actively integrating into global value chains.
As of November 15, 2025, Vietnam’s total import-export turnover exceeded USD 801 billion - the highest figure in its history and surpassing the Ministry of Industry and Trade’s earlier forecast of USD 800 billion issued in September.
Contributing opinions to the 14th Party Congress documents, Nguyen Thanh Hoa, Deputy Director of the HCMC Digital Transformation Center, suggested prioritizing investment in digital infrastructure, platforms, and data to unlock existing limitations.
The 10-month figures show that Vietnam remains an attractive destination for foreign investors, who continue to place trust in the country’s growth prospects, investment environment and economic standing.
Vietnam’s low-altitude economy could generate USD 10 billion and create one million jobs by 2035, according to Vu Anh Tu, Chief Technology Officer at FPT Group.
From Singapore, Prof. Vu Minh Khuong lauds Vietnam’s government for its qualities of bravery, decisiveness, and selflessness in times of crisis.
Outdated strategies and institutional inertia threaten Vietnam’s bid for long-term, innovation-driven growth.
Many international organisations have continued to provide positive and optimistic assessments of Vietnam’s economic situation, forecasting that in 2025 Vietnam will be one of the countries with the highest growth in the region and the world.
On November 7, Minister of Finance Nguyen Van Thang presented the draft amendment to the Law on Planning and an updated version of the National Master Plan for 2021-2030, with a vision toward 2050, to the National Assembly.
Consumer purchasing power will expand, supported by stable inflation and a still-tight labour market facilitating real wage growth, said BMI.
A growth target of over 8% is ambitious but necessary to achieve strategic goals, said Prime Minister Pham Minh Chinh.
With GDP growth surpassing 8% in the third quarter and optimistic projections from HSBC (7.9%) and Standard Chartered (7.5%), the full-year target of 8.5%, previously deemed “ambitious”, now appears increasingly achievable.
With GDP growth surpassing 8% in the third quarter and optimistic projections from HSBC (7.9%) and Standard Chartered (7.5%), the full-year target of 8.5%, previously deemed “ambitious”, now appears increasingly achievable.
Reviving household spending is key to unlocking sustainable economic acceleration.
Standard Chartered has revised its forecast for Vietnam’s economic growth in 2025 to 7.5%, up from its earlier projection of 6.1%.
Vietnam’s economy is forecast to exceed 505 billion USD by the end of 2025, placing the country among the world’s 30 largest economies, according to projections by the World Bank.
The government has announced that total social investment capital is expected to reach 33.2% of GDP in 2025, with a target of 40% in 2026 – an exceptional rate even among the fastest-growing developing economies in the region.
The final session of the National Assembly in 2025, which opened on the morning of October 20, serves as a crucial checkpoint for reviewing the country's development over the past year and charting the path forward into 2026.