Vietnam’s gross domestic product (GDP) in the first quarter of 2025 is estimated to have grown by 6.93% year-on-year – the highest first-quarter growth rate recorded between 2020 and 2025.

In the first nine months of 2024, Vietnam's Gross Domestic Product (GDP) increased by 6.82% year-on-year, with a GDP growth rate of 7.4% in the third quarter. The socio-economic situation in the third quarter and the first nine months of the year continues to show positive trends, with various sectors gaining significant achievements, laying a foundation for further growth in the remainder of the year.

HSBC reports that following a challenging year of 2023, the Vietnamese economy is forecast to improve in 2024, with exports surging by a remarkable 42% in January 2024.

After a sluggish GDP performance in the first quarter this year, Vietnam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according to an HSBC report.

Vietnam’s GDP is projected to grow 5.8% this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF).

Vietnam’s economic picture at the end of the first quarter clearly reflects the difficulties the country is facing, with GDP growth of just 3.32% - very low for the last decade. However, data shows that the economy may recover in the second or third quarter.

Covid-19 was largely brought under control in the first 5 months of this year and the economic recovery programme was implemented thoroughly around the country, driving socio-economic development in a host of fields. The CPI, meanwhile, rose 2.25 percent year-on-year in the period.

The subcommittee in charge of economic-social affairs for the 13th National Party Congress has requested localities in the southern key economic region to assess their socio-economic development in the past five years and make recommendations on the directions and tasks for the next five and 10 years and a vision to 2045.

Vietnam’s stock market capitalisation rose 13.5 percent against the end of last year, reaching a record high of 3.98 quadrillion VND (170.93 billion USD), according to the State Securities Commission (SSC).

The agriculture sector’s export turnover in the first six months of 2018 reached some 20 billion USD, setting a decent pace by meeting half the year’s target of 41 billion USD.

The Vietnamese economy’s growth momentum in early 2018 has laid a foundation for expectations of strong economic development throughout the year.

The World Bank (WB) on December 11 released its report “Taking Stock- An Update on Vietnam’s Recent Economic Development”, forecasting the country’s GDP to grow at 6.7 percent this year.

Stronger export growth and a continued rise in investment suggest Vietnam’s GDP growth will go back to above 6.5 percent in 2017, after a slowdown to 6.2 percent in 2016.