ASART EMPOWERS YOU WITH INSIGHTS.

Vietnam's economic performance in the first 8 months of 2025 demonstrates continued resilience and positive momentum, with robust growth, and a stable macroeconomic environment, despite ongoing challenges in the global and domestic landscape. Industrial production has continued a stable growth path. In August, the Industrial Production Index (IPI) maintained its positive momentum, rising by 2.2% compared to the previous month and by 8.9% year-on-year.

Vietnam’s economic indicators in the first 7 months of 2025 continue to reflect the resilience of the economy, despite ongoing global and regional trade and geopolitical tensions. Industrial production has maintained a steady growth trajectory. In July alone, industrial output continued its upward momentum, with the Industrial Production Index (IPI) estimated to have increased by 0.5% compared to the previous month and by 8.5% year-on-year.

Starting from July 1, 2025, Vietnam officially implements one of its most ambitious administrative reforms in decades, cutting the number of provinces and centrally governed cities from 63 to 34. This consolidation is part of a broader national strategy to improve governance efficiency, reduce bureaucratic fragmentation, and support long-term development.

Vietnam’s economy continues to maintain a solid growth trajectory, despite the increasingly complex business environment and unpredictable global landscape. In May, the domestic economy demonstrated not only resilience but also notable momentum, even amid persistent risks stemming from US retaliatory tariff measures, intensifying geopolitical competition among major powers, and downgraded global economic forecasts.

Vietnam's economy continues to maintain an overall positive momentum, despite seeing some impact of external uncertainties. April, marking the start of a sensitive period ahead of the announced tariffs from the United States (currently postponed to July and under negotiation), witnessed not only resilience but also remarkable momentum from the domestic economy.

Preliminary estimates indicate that Vietnam’s Gross Domestic Product (GDP) expanded by a robust 6.93% year-on-year (yoy) in Q1 2025, marking the strongest first-quarter growth in five years. This acceleration was driven by broad-based recovery across all three key economic sectors: agriculture, forestry, and fishery; industry and construction; services.

February 2025 marked a positive step forward for Vietnam’s economy. According to the latest report from the General Statistics Office (GSO), the Index of Industrial Production (IIP) in February 2025 is estimated to have increased by 17.2% compared to the same period last year. Overall, for the first two months of the year, the IIP rose by 7.2% compared to the same period in 2024.

The year 2025 has begun on a promising note with positive signals from Vietnam’s economy. According to the latest report from the General Statistics Office (GSO), the Index of Industrial Production (IIP) increased by 0.6% compared to the same period last year, with the manufacturing and processing sector continuing to play a pivotal role, achieving an impressive growth rate of 1.6%.