Vietnam Economic Growth Report — 2025

Interactive dashboard & insights • Updated 2025 Q2

Executive Summary

Compact overview of Vietnam's economic performance in 2025

Updated: Q2 2025

Vietnam's economy shows robust growth in 2025. GDP expanded 7.96% year-on-year in Q2 and 7.52% in H1, the strongest mid-year performance since 2011. Growth is led by services and manufacturing, with strong FDI inflows, controlled inflation, and low unemployment supporting domestic demand despite external trade tensions and tariff pressures.

GDP H1: 7.52% Q2 YoY: 7.96% Inflation (Jun): 3.57% Unemployment Q1: 2.20%
Summary & Quick Actions

Key drivers include strong FDI inflows (US$21.51bn in H1), resilient services and manufacturing activity, and supportive fiscal measures. Risks remain from global trade tensions and policy uncertainties abroad.

Methodology

This dashboard consolidates official statistics (General Statistics Office), international institution forecasts (World Bank, IMF, ADB), and third-party aggregators. Charts are derived from extracted time series and reported quarter/year figures. Projections represent cited sources and government targets.

Sources cross-checked
Data normalized & rounded
Interactive — explore filters

Key Economic Indicators — 2025

GDP Q2 (YoY)
7.96%
H1: 7.52% • Q1: 6.9%
Inflation (Jun)
3.57%
May: 3.24%
Unemployment (Q1)
2.20%
Q4 2024: 2.22%
FDI H1 (US$)
21.51B
Registered (5m): $18.4B

GDP Historical (2020–2025) — YoY

2025 Q1–Q2 performance vs historical trend

2025 Forecasts vs Government Target

Comparative outlook (World Bank, ADB, IMF, Government)

FDI Inflows — Recent Trend

First 5 months registered & disbursed capital
Interactive charts — hover for details
Tip: Click forecast bars to filter appendix table

Sectoral Analysis

Services and manufacturing are the primary growth engines. Export-oriented industries remain crucial while the banking sector shows earnings momentum.

Sector Contribution (Simplified)

Proportional contribution to GDP growth (illustrative)

Banking Sector — Earnings & Credit Growth (2025)

Projected 17% earnings increase driven by ~15% credit growth

Retail Performance

Retail sales reached 1.708 quadrillion VND (~US$66.83B) in Q1 2025 — a 9.9% YoY increase.

Retail Sales (Q1 2025) Breakdown

Top drivers
  • Domestic consumption — robust demand & low unemployment
  • E-commerce — accelerated growth
  • Services — tourism & hospitality improvements
Retail figure sourced from report and converted to USD at quoted rate.

Challenges & Risk Factors

  • Global trade tensions & US tariffs impacting exports
  • Geopolitical instability increasing uncertainty
  • Potential overdependence on FDI — inflationary pressures
  • Macroeconomic trade-offs: growth vs stability and public debt
Government mitigation measures
Click to expand
  1. Diversify export markets
  2. Strengthen domestic demand & social spending buffers
  3. Enhance monetary resilience & fiscal space
  4. Attract quality FDI while reducing vulnerability

Historical Comparison

Annual and quarterly context for 2020–2025.

Year / Quarter GDP YoY (%) Note
2020 Q13.21Pandemic impact
2021 Q14.85
2022 Q15.42
2023 Q13.46
2024 Q15.98
2025 Q16.93
Q2 20257.96Reported
2024 annual growth: 7.1% • Government target 2025: 8.3–8.5%

Economic Outlook & Projections

Near-term prospects remain solid but face external headwinds. Government targets are ambitious relative to international institutions.

Support: FDI, low unemployment
Risks: trade & tariffs
Policy: fiscal & monetary buffers

Sources & References

Trading Economics — Vietnam GDP Annual Growth Rate
International Monetary Fund — Vietnam
Asian Development Bank — Vietnam
General Statistics Office — Vietnam
Vietnam Economic Times
Vietnam Briefing

Appendix — Dataset & Interactive Table

Filterable, sortable dataset extracted from report. Click headers to sort. Use filter to focus on particular metrics.

Saved view: none
Metric Period Value Unit Note