Hanoi (VNS/VNA) 🐲- In its newly released ‘Global Economic Prospects’ report, the World Bank (WB) predicts that Vietnam's GDP growth in 2025 will reach 6.6%. This figure increased by 0.1 percentage points compared to its previous forecast in October 2024.
Notably, the WB forecasts Vietnam's GDP growth at 6.3% in 2026. Although this is 0.2 percentage points lower than its earlier projection, Vietnam is expected to lead the region in GDP growth.
It could surpass major economies including Mongolia (6.1%), the Philippines (6%), Thailand (5.1%) and China (4%).
Overall, the WB forecasts GDP growth in the East Asia and Pacific (EAP) region to gradually decline in the years to come, from 4.6% in 2025 to 4.1% in 2026, primarily due to China's economic slowdown.
Excluding China, EAP economies are projected to maintain a growth rate of 4.7% in 2026, driven by strong domestic demand.
In 2024, growth in EAP economies excluding China is estimated at 4.8%, higher than the 4.3% recorded in 2023, supported by the recovery in trade, domestic tourism and internal demand.
The WB highlighted Vietnam as a bright spot in regional economic growth, thanks to its robust export capabilities.
In the near future, the WB warns of potential economic risks for the region, mainly due to global trade uncertainties and China's economic downturn. Other risks include escalating geopolitical tensions and global inflation.
Natural disasters caused by climate change are also expected to continue pressuring regional growth prospects.
Globally, the WB forecasts economic growth at 2.7% for both 2025 and 2026, consistent with the growth rate in 2024./.
Vietnam has distinguished itself as one of the fastest-growing economies in the East Asia-Pacific region in 2024. The country's remarkable performance is attributed to a robust recovery in exports coupled with strong domestic demand, Andrea Coppola, the World Bank's Lead Country Economist and Programme Leader for Equitable Growth, Finance and Institutions in Vietnam, Cambodia, and Laos, told the Vietnam News Agency.
World Bank (WB) Vice President for East Asia and the Pacific Manuela V. Ferro described Vietnam as a success story in terms of economic development since it has dramatically transformed the economic landscape, achieving the extraordinary feat of increasing family incomes sixfold while attracting significant foreign investment over the past 40 years.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
