Vietnam's Economy Expands 8.02% in 2025, Ranking Among Top Regional Performers

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On January 5, 2026, data released by the General Statistics Office of Vietnam's Ministry of Finance showed that the country's Gross Domestic Product (GDP) increased by 8.02% year-on-year in 2025, meeting the targets set by the National Assembly and the government, with its growth rate ranking among the highest in the region.

In 2025, Vietnam's economy achieved rapid growth, with a GDP growth rate of 8.02%, driven by a combination of factors including government policy support, credit expansion, depreciation of the Vietnamese Dong, and growth in the tourism sector. Specifically, the tertiary and secondary industries made positive contributions to economic growth. The service sector grew by 8.62%, accounting for 51.08% of the contribution rate, while industry and construction grew by 8.95%, contributing 43.62%. From the demand side, final consumption expenditure increased by 7.95% year-on-year in 2025; capital formation grew by 8.68%; and exports of goods and services surged by 16.27%, with imports growing by 17.12%.

However, alongside achieving high growth, Vietnam also faces potential risks. On one hand, the Vietnamese economy is highly dependent on trade and foreign investment, making it susceptible to global economic fluctuations. On the other hand, excessively rapid credit growth has also put pressure on the liquidity and financing costs of the financial system. As of December 24, 2025, Vietnam's total outstanding credit balance exceeded 18,400 trillion Vietnamese Dong (equivalent to approximately 48.4 billion Chinese Yuan), representing a 17.87% increase from the end of 2024. This growth rate surpassed the 14.10% increase in deposits, indicating certain liquidity pressures within the banking sector.

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