A foreign-invested footwear material factory in Thuan An city, Binh Duong province (Photo: VNA)
Hanoi (VNA) – Many foreign pressagencies have run articles featuring Vietnam’s economic growth, pointing torosy signs in its recovery.
French wire service AFP cited statistics by theGeneral Statistics Office (GSO) showing the economy grew 5.33% in theJuly-September period from a year earlier, and that loan interest ratereductions, an extension of tax payments and increased public investment had apositive impact. Nikkei Asia also said the growth was accelerated thanksto tourism, noting “the services sector helped boost economic output during thethree months through September, driven mainly by retail and tourism. The sectoris estimated to account for about 40% of Vietnam's GDP.”
“Travelers returned topopular destinations like the central city of Da Nang, with the number offoreign visitors entering the country from July to August reaching 2.25million, already exceeding 1.27 million in July-September last year.”
Recent officialeconomic data shows that the manufacturing sector is recovering, it said,adding that the monthly industrial production index turned positive in May andmarked the fifth consecutive month of expansion in September.
China’s Xinhua NewsAgency also cited official data showing Vietnam attracted nearly20.21 billion USD in foreign direct investment (FDI) from the start of thisyear to September 20, a year-on-year growth of 7.7%.
The Asian Development Bank (ADB) saidin its Asian Development Outlook (ADO) September 2023 that Vietnam’s economic growth is expected to slow down to 5.8% in 2023 mainlydue to “the weak external environment.”
However, its Country Director for VietnamShantanu Chakraborty said the economy remains resilient, and recovery isexpected to pick up in the near term, driven by strong domestic consumption,which is supported by moderate inflation, an acceleration of public investment,and improved trade activities./.
The growth in Vietnam's seafood export turnover in recent years has been created from the foundation of the aquatic farming, exploitation and processing industry.
The United Overseas Bank (UOB) has maintained its economic growth forecast for Vietnam at 5.2% for 2023 and 6% for 2024 while forecasting that Vietnam will continue to cut regulatory interest rates in the remaining months of this year to balance economic growth and inflation pressure.
Despite the weak external environment, the Vietnamese economy remains resilient, and recovery is expected to pick up in the near term, said Asian Development Bank (ADB) Country Director for Vietnam Shantanu Chakraborty.
Vietnam is one of the few countries that continue to achieve high economic growth despite the volatile global situation from the COVID-19 pandemic, global supply chain disruptions, and armed conflicts, a Mexican official has said.
Vietnam’s gross domestic product (GDP) in the first nine months of this year rose by 4.24% from the same period last year, the General Statistics Office (GSO) announced on September 29.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A foreign-invested footwear material factory in Thuan An city, Binh Duong province (Photo: VNA) 
