Vietnam's economic growth prospects in 2025

Vietnam's economy is expected to maintain growth momentum this year. Illustration photo: Mai Anh

According to UOB Bank, the world economy is forecast to face many uncertainties in 2025 due to unpredictable trade policies from the US President Donald Trump administration. New developments in the tariff war could increase tensions and disrupt the global trade chain, affecting highly open economies like Vietnam.

However, with support from growth-boosting policies, continuously increasing FDI inflows, expanding public investment and prospects from the semiconductor industry, Vietnam's economy is expected to maintain growth momentum this year.

According to Mr. Le Thanh Hung - Investment Director of UOB Asset Management Vietnam, Vietnam's economy is expected to continue to grow strongly in 2025 thanks to domestic economic stimulus factors through public investment and credit growth as well as expectations for recovery in domestic consumption and the real estate sector.

Mr. Hung said that the Government submitted to the National Assembly for approval a public investment plan for 2025 of about VND875,000 billion (equivalent to about USD36 billion), a sharp increase compared to the actual disbursement in 2024 of VND568,000 billion. This has been creating momentum to promote public sector investment, increasing confidence in other economic sectors towards development.

Further analyzing the impact on Vietnam's economy during President Donald Trump's second term, Mr. Hung said that Vietnam's export revenue could be negatively affected if the US imposes tariffs on goods from Vietnam; pressure on the USD/VND exchange rate when the USD continues to increase sharply.

In response to US President Donald Trump's tax policy, Mr. Hung recommended that Vietnam should increase imports from the US such as liquefied natural gas, aircraft, agricultural products, etc. to reduce the trade surplus with the US. At the same time, Vietnam needs to promote incentives growth Internal factors such as increasing public investment in transport and energy infrastructure projects, increasing domestic consumption, and promoting credit growth to increase capital sources for the economy.

Mr. Hung emphasized that Vietnam also needs to expand multilateral relations and upgrade comprehensive strategic partnerships with other countries to expand export markets, attract investment capital, and reduce dependence on the US market.

UOB experts believe that the prospects for Vietnam's semiconductor industry are positive because there are currently a number of large semiconductor companies in the world wishing to invest in Vietnam, such as the Amkor Technology project with a total capital of 1.6 billion USD, the Marvell and Synopsys project, the Hana Micron project with a capital of 1 billion USD, and Samsung's commitment to invest an additional 2.6 billion USD in the semiconductor sector in Vietnam.

Previously, in an update report economy Recently announced in mid-March 2025, the World Bank (WB) has raised its forecast for Vietnam's GDP growth to 6.8% for 2025 and 6.5% for 2026. Thus, the WB's new forecast is 0.2 percentage points higher than the previous report.

According to Ms. Mariam J. Sherman - World Bank Director for Vietnam, Cambodia and Laos, in the next two years, Vietnam's economy is forecast to continue to grow strongly.

"Vietnam can use its fiscal space to better prepare for increased uncertainty. Growth-boosting public investment, especially in urban infrastructure, transport and energy, will be critical," Mariam J. Sherman recommended.

Source: https://baoquangninh.vn/trien-vong-tang-truong-kinh-te-viet-nam-nam-2025-3351042.html