Vietnam GDP growth may reach 7.9-8.1%: experts
With Vietnam bringing inflation under control, its economic expansion can be 7.9-8.1% this year, according to the BIDV Training and Research Institute.
A research team, led by Can Van Luc, chief economist of BIDV bank cum director of the institute, has announced its forecasts based on the country's nine-month economic figures. BIDV is a "Big 4" bank in Vietnam, with the state as majority shareholder.
Vietnam’s economy is likely to expand 8.3-8.5% in a positive scenario if growth drivers continue to recover strongly, public investment projects and the government's recovery program are implemented drastically, and digital transformation is accelerated.
In a negative scenario in which external risks increase and have more negative impacts on Vietnam, the recovery program runs slowly, and growth drivers are not strongly promoted, GDP is forecast to grow at about 7.5-7.8%.
Growth for 2023 is projected to slow down, hitting around 6-6.5%, as the world economy faces a recession.

Urban areas by the Saigon River in HCMC. Photo courtesy of VOV newspaper.
The average consumer price index (CPI) in 2022 is expected to climb 3.5-3.8% when domestic prices increase slower than the world’s and Vietnam shows good control of inflation.
High global inflation pressure, a possible "stagflation" in some countries, and visible risks to food and energy security will push Vietnam's average CPI in 2023 up to 4-4.5%, before returning to its orbit of around 3.5-4% in 2024, said the team.
They pointed out five groups of risks and challenges facing the national economy in the time to come.
First, external risks and challenges rise with the continued complicated development of the Covid-19 pandemic and the occurrence of monkeypox outbreaks; tight monetary policies applied by counties’ central banks; China’s zero-Covid policy; and a high risk of energy and food crisis. As a result, Vietnam's export markets may shrink while FDI attraction will face difficulties next year.
Second, some packages of the government's 2022-2023 socio-economic development and recovery program have been implemented slowly, especially the 2% interest rate support package worth VND40 trillion ($1.6 billion).
According to the State Bank of Vietnam, by the end of August, total loans with interest rate support hit about VND10.7 trillion ($434.5 million). Only VND13.5 billion ($547,900) in interest rate aid was disbursed, equivalent to nearly 0.04% of the total $1.6 billion.
Third, disbursement of public investment remains slow, reaching VND334.5 trillion ($13.57 billion) in the first nine months, up 19.6% year-on-year, but meeting only 46.7% of the year's plan.
The remaining challenges are increasing risks in terms of interest and exchange rates, cash flow to businesses, and rising bad debts.
In a newly-released report, the World Bank stated that Vietnam should be "ready to consider further tightening of monetary policy" to ensure inflation remains anchored amidst its strong economic recovery and global uncertainties.
The government has put Vietnam’s GDP growth forecast for this year at 8%, higher than its target of 6-6.5%.
The figure is higher than the predictions of some international institutions. On September 27, the World Bank said the country's economic expansion could hit 7.2% this year, the highest in Southeast Asia.
- Read More
Vietnam aims to finalize negotiations for Ninh Thuan 1 nuclear power plant by August
The Vietnamese government targets completing negotiations for Ninh Thuan 1 nuclear power plant in former Ninh Thuan province (now Khanh Hoa) by August 2025, and for Ninh Thuan 2 by May 2026 at the latest.
Energy - Fri, August 8, 2025 | 4:18 pm GMT+7
Software giant SAP invests $175 ml in R&D center in Vietnam
German software heavyweight SAP has officially launched a research & development center in Vietnam, with plans to invest more than €150 million ($175 million) over the next five years.
Industries - Fri, August 8, 2025 | 3:43 pm GMT+7
Carlsberg’s $130 mln plant expansion in central Vietnam set to start brewing next month
The expansion of Carlsberg’s brewery in Hue city, central Vietnam, with an investment of over VND3.4 trillion ($129.66 million), has entered trial runs and is scheduled to officially come into operation in September, according to a Carlsberg Vietnam report.
Industries - Fri, August 8, 2025 | 2:43 pm GMT+7
Indonesia promotes nickel-based EV battery production
Indonesia is advocating regulations to encourage electric vehicle (EV) manufacturers to switch from the commonly used lithium-based batteries to nickel-based ones.
Southeast Asia - Fri, August 8, 2025 | 1:54 pm GMT+7
BRICS countries account for over 35% of Malaysia’s total foreign trade turnover
Malaysia’s trade with BRICS nations climbed to RM818 billion ($193.47 billion) in 2024, making up 35.2% of the country’s total global trade, according to the Ministry of Investment, Trade and Industry (MITI).
Southeast Asia - Fri, August 8, 2025 | 1:52 pm GMT+7
Vietnam consumer finance major F88’s stock hits ceiling price on UPCoM debut
The stock of F88 Investment JSC (F88), a leading consumer finance company in Vietnam, hit its ceiling price of VND888,800 ($34) on Friday, the first day of trading on the Unlisted Public Companies Market (UPCoM).
Companies - Fri, August 8, 2025 | 1:32 pm GMT+7
US tariff unlikely to dent Vietnam’s long-term FDI appeal: broker
The U.S. tariff gap between Vietnamese goods and those from four other Southeast Asian countries would not erode Vietnam’s competitive edge in manufacturing and investment, said Hanoi-based Vietcombank Securities (VCBS).
Economy - Fri, August 8, 2025 | 12:24 pm GMT+7
Land clearance for Vietnam's North-South high-speed railway project to start on December 19
Prime Minister Pham Minh Chinh has requested localities to start land clearance en masse for the gigantic North-South high-speed railway project on December 19.
Economy - Fri, August 8, 2025 | 11:52 am GMT+7
Vietnam might launch pilot digital asset exchange in August
A digital asset exchange might be launched in August on a pilot basis, Deputy Minister of Finance Nguyen Duc Chi told a government press meeting on Thursday.
Finance - Fri, August 8, 2025 | 11:25 am GMT+7
Vietnam’s steel giant Hoa Sen spends $34 mln on land near Long Thanh airport for urban development
Hoa Sen Group (HoSE: HSG), Vietnam’s top producer of coated steel products, has spent VND900 billion ($34.3 million) acquiring land for a major urban development project in the southern province of Dong Nai.
Real Estate - Fri, August 8, 2025 | 8:22 am GMT+7
Halal market presents major opportunities for Vietnamese businesses
The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.
Economy - Thu, August 7, 2025 | 9:18 pm GMT+7
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7