Vietnam's economy is expected to reach 1,100 billion USD by 2035.

The report, released on April 22, paints a picture of Vietnam’s readiness not only to receive investment but also to lead.

Towards new growth drivers

The report said that the Vietnamese Government has outlined an ambitious economic transformation roadmap, with the National Master Plan 2021-2030 and Resolution No. 57, focusing on the pillars of digital economy, green economy and high technology.

From capital market reforms to the development of an international financial center and a legal framework for blockchain technology, Vietnam’s financial infrastructure is developing strongly. These reforms facilitate more transparent capital exits, reduce risks for foreign investors and aim for an investment grade credit rating in the near future.

Mr. Vu Quoc Huy, Director of NIC

At the same time, Vietnam is in a large-scale infrastructure investment cycle with nearly 500 billion USD of FDI capital being deployed, including strategic projects from Samsung, Intel, Lego and Foxconn. Vietnam is not only a manufacturing factory, but is becoming a strategic link in the global supply chain.

“Vietnam’s growth story today is closely linked to its innovation strategy,” said Vu Quoc Huy, Director of NIC. “We are not only investing in physical infrastructure but also building future-ready ecosystems that bring together digital talent, deep technology and international capital. This is a critical time to transform Vietnam into Asia’s leading agile innovation economy.”

Referring to many directions of creating value for investors, the report highlights that when investing in Vietnam, investors have the opportunity to cooperate with leading domestic enterprises to expand to the ASEAN region; invest in early-stage digital startups, especially in AI, automation and high-tech agriculture .

Meanwhile, Mr. Ben Sheridan, Global Director of Financial Investment at BCG shared: "Investors who understand Vietnam's macroeconomic characteristics and have a long-term vision will have the opportunity to shape the next wave of growth in Southeast Asia. We are entering a golden age of private capital in Vietnam."

Investors see potential in AI

Despite a 35% decline in total private equity value, investor participation remained strong with nearly 150 venture capital funds active in 2024, mainly from Singapore, Japan and Vietnam, the report said.

Deals under $500,000 increased 73%, reflecting the resilience of the startup ecosystem. Buyouts accounted for $1.7 billion of PE activity, reflecting a preference for investments in stable, cash-flowing asset classes. Mid-sized deals ($100–300 million) also increased 2.7-fold, reflecting the appetite for investments in larger, moderately risky, and mature companies.

Some typical investors from abroad and domestically are listed in the Report.

Vietnam is also emerging as a hot spot for next-generation technology sectors as Investment in AI startups increased 8 times compared to the previous year. "Vietnam's AI startup sector witnessed significant growth in investment in 2024, evidenced by a sharp increase in capital flows. Total investment in AI startups increased from 10 million USD in 2023 to 80 million USD in 2024, equivalent to an 8-fold increase," the report pointed out.

Investment in AgriTech increased ninefold, with total investment soaring from $8 million in 2023 to $74 million in 2024. GreenTech also experienced a notable increase in investor interest, with deal activity growing in 2024.

Many favorable factors

A key point of the report is that despite the global economic slowdown and tightening capital markets, Vietnam still recorded $2.3 billion in investment capital disbursed through 141 deals in 2024. The excitement of the deals, supported by strong fundamentals, shows that investor confidence remains strong amid weakening global venture capital and private equity flows.

$2.3 billion in investment capital was disbursed through 141 deals last year.

The report points to a combination of rare favorable factors for Vietnam, such as real GDP growth of 7.1% in 2024, higher than most Asian economies. The size of Vietnam's economy is expected to reach 1,100 billion USD in 2035, 2.5 times the current size.

Along with that, the middle class is expected to account for 46% of the population by 2030. The digital economy currently contributes 18.3% of GDP, aiming for 35% by 2030.

“Vietnam has transformed from a potential market to a country ready to break out,” said Le Hoang Uyen Vy, Chairwoman of VPCA and CEO of Do Ventures, adding that this is the decade that will shape Vietnam’s future. In a context of global instability, Vietnam has emerged as a destination for sustainable growth, grassroots innovation and pioneering policies.

Source: https://thoibaonganhang.vn/quy-mo-nen-kinh-te-viet-nam-du-kien-dat-1100-ty-usd-vao-nam-2035-163170.html