Vietnam’s GDP growth outpaces regional peers, 6.5% in 2025: Oxford Economics
Vietnam’s GDP growth can reach 6.5% in 2025, continuing to outperform regional peers in the ASEAN-6 group, Oxford Economics said in a Monday report.
Oxford Economics noted that with a full-year growth likely at 6.7% this year, Vietnam has already been the region’s outperformer.
ASEAN-6 economic growth projection. Photo courtesy of Oxford Economics.
For 2025, Vietnam’s economic growth will be driven by the strong manufacturing sector, with contributions from machinery and textiles.
The country is a hub for assembling, packaging, and testing chips, and the chip-led tailwind will continue next year, though the boost will be weaker than in 2024. Oxford Economics expects some “softness” in the near-term.
The domestic sector outlook remains bright. Solid wage growth, driven by FDI job creation, should support private consumption. With the number of operating enterprises still growing in annual terms, asset accumulation will likely be stronger in 2025, it predicted.
A corner of Hanoi. Photo courtesy of Vietnam News Agency.
However, FDI inflows may see a temporary slowdown in early 2025 while awaiting possible U.S. tariff announcements against Vietnam. Upside risks are present, with a possible boost from the front-loading of orders driven by U.S. tariff fears, Oxford Economics stressed.
The organization expects credit growth should be better in 2025. Recent changes to credit controls and a better domestic business sector should provide some support to credit growth. However, the drag from real estate will likely last until end-2025, and offloading bad debt will take some time.
Oxford Economics' projection is similar to prediction of many agencies.
The Asian Development Bank (ADB) revised up Vietnam’s GDP growth to 6.4% in 2024 and 6.6% in 2025, according to the December edition of its Asian Development Outlook (ADO) released last week.
VinaCapital, among the biggest foreign-run asset managers in Vietnam, has forecast the country’s economy to achieve 6.5% growth in both 2024 and 2025.
Standard Chartered expects Vietnam will record strong GDP growth of 6.7% in 2025, with growth easing from 7.5% year-on-year in the first half to 6.1% in the second half.
Vietnam targets a GDP growth of 7% in 2024 and 8% in 2025, in order to prepare for an annual growth beyond 10% in 2026-2030, Prime Minister Pham Minh Chinh said.
- Related News
- Read More
Vinhomes raises $76 mln in latest bond issue amid debt restructuring push
Vinhomes, the housing subsidiary of Vietnam’s conglomerate Vingroup (HoSE: VIC), has raised an additional VND2 trillion ($75.9 million) through a domestic bond issuance, extending a recent fundraising streak as the property developer ramps up debt restructuring efforts and secures fresh capital.
Companies - Tue, May 26, 2026 | 3:16 pm GMT+7
Phat Dat Real Estate shares hit ceiling after tie-up with Lotte on mega project in HCMC
Shares of Phat Dat Real Estate Development Corporation (HoSE: PDR) rose to the daily limit on Tuesday after the company announced a cooperation agreement with Lotte Properties HCM to pursue the VND50 trillion ($1.9 billion) Thu Thiem Eco Smart City project in Ho Chi Minh City.
Companies - Tue, May 26, 2026 | 2:03 pm GMT+7
VinFast appoints son of billionaire Pham Nhat Vuong as chairman
Pham Nhat Quan Anh, the son of billionaire Pham Nhat Vuong, officially assumed the role of VinFast chairman from last Saturday.
Companies - Tue, May 26, 2026 | 12:13 pm GMT+7
VinEnergo Holding launched with over $3 bln capital, signaling possible new energy investment alliance
Vietnamese billionaire Pham Nhat Vuong has established VinEnergo Holding with charter capital of over VND79.76 trillion ($3.03 billion), in a move that could signal the emergence of a new capital alliance in Vietnam’s rapidly expanding energy sector.
Companies - Tue, May 26, 2026 | 11:33 am GMT+7
Hai Phong Thermal Power CEO arrested over alleged document forgery
Hai Phong Thermal Power JSC said its CEO, Duong Son Ba, has been arrested by the Ministry of Public Security's investigative agency for alleged forgery of documents belonging to organizations.
Companies - Tue, May 26, 2026 | 8:00 am GMT+7
Sun PhuQuoc Airways launches Singapore route, connecting two of Asia's 'paradise' islands
Sun PhuQuoc Airways has officially announced the launch of its scheduled flights from Vietnam's largest island Phu Quoc to Singapore.
Travel - Mon, May 25, 2026 | 5:32 pm GMT+7
Profit of Samsung’s 4 major Vietnam plants doubles in Q1, led by Thai Nguyen province site
Four major Vietnam-based subsidiaries of Samsung Electronics reported combined net profits of $1.29 billion in the first quarter of this year, more than double from a year earlier, according to the group’s Q1 consolidated financial statements.
Companies - Mon, May 25, 2026 | 4:48 pm GMT+7
Seta - A “silken thread” weaving contemporary Cantonese cuisine into the soul of Phu Quoc
The union of refined aesthetics and contemporary Cantonese gastronomy, brought to life by chef Victor Ho, is turning Seta at La Festa Phu Quoc, Curio Collection by Hilton into one of Phu Quoc Island’s most coveted fine-dining destinations - a place every discerning gourmand should experience at least once in a lifetime.
Travel - Mon, May 25, 2026 | 4:27 pm GMT+7
FDI shifts 'taste', land banks lose edge as southern Vietnam's industrial property market gets more mature
Southern Vietnam’s industrial real estate market is entering a more mature phase as foreign direct investment (FDI) pivots toward high-tech and green industries, putting greater emphasis on logistics infrastructure, operational capacity and ESG standards over land availability.
Industrial real estate - Mon, May 25, 2026 | 2:35 pm GMT+7
Phu My Investment raises capital for mega seaport project in central Vietnam to over $311 mln
Phu My Investment Group has increased investment capital for the first phase of the Phu My Port project in Gia Lai province by more than VND2.1 trillion ($79.66 million), lifting total investment to over VND8.2 trillion dong ($311 million) as the company moves to expand technical infrastructure and port handling capacity.
Infrastructure - Mon, May 25, 2026 | 2:16 pm GMT+7
Vingroup launches gold-to-property program with buyback option
Vingroup, its housing arm Vinhomes, and several jewelry companies plan to roll out a program allowing customers to convert their idle gold holdings into cash for home purchases, while also offering an option to convert the property value back into gold later.
Real Estate - Mon, May 25, 2026 | 1:05 pm GMT+7
Japan retailer Aeon plans shopping mall project in central Vietnam
Hanoi-based CMH Vietnam Group JSC (CMH Group) and AeonMall Vietnam Co., Ltd. have proposed conducting research for the development of an international shopping mall in the central province of Nghe An.
Industries - Mon, May 25, 2026 | 11:07 am GMT+7
Why PV Power has no plans to IPO subsidiaries
PV Power said it has no plans to launch initial public offerings (IPOs) for key subsidiaries or reduce ownership below 51%, as the company prioritizes long-term cash flow preservation and financial capacity ahead of a new LNG investment cycle.
Companies - Mon, May 25, 2026 | 9:13 am GMT+7
Vietnamese listed firms stay cautious on 2026 profit outlook despite strong Q1
Vietnamese listed companies are entering 2026 with robust Q1 earnings growth, yet most are setting markedly more cautious full-year business targets as concerns over capital costs, uneven demand recovery, and widening sector divergence weigh on corporate sentiment.
Companies - Mon, May 25, 2026 | 8:00 am GMT+7
Mobile World's electronics retailer wins approval for $545 mln IPO
Dien May Xanh, the electronics retail chain of Mobile World Group (HoSE: MWG), has received approval from the State Securities Commission of Vietnam (SSC) for its highly anticipated IPO, positioning it to become the country's largest market debut in five years.
Companies - Sun, May 24, 2026 | 10:33 pm GMT+7
Stricter penalties needed to prevent counterfeit textbooks in Vietnam
Stricter penalties and stronger enforcement measures are needed to curb the growing circulation of counterfeit textbooks in Vietnam, as fake and illegally printed books continue to spread widely across retail stores, e-commerce platforms, and social media channels, posing risks to educational quality and consumer rights.
Companies - Sun, May 24, 2026 | 2:05 pm GMT+7
