In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.

Under resolutions issued by the National Assembly and the Government, Vietnam strives to gain an economic growth of 6.5% for 2023.

Under the National Master Plan for the 2021-2030 period with a vision to 2050, Vietnam is set to become a developing nation with modern industry, high average incomes, and economic growth by 2030, based on science and technology, innovation, and digital transformation.

Foreign direct investment plays an important role in Vietnam's economic growth.

Vietnam has seen record trade surplus of 20.1 billion USD in the first 11 months of 2020.

Estimated actual performance of socio-economic targets set for 2020

Hanoi is among major economic hubs of Vietnam.

Economic and political reforms under Doi Moi, launched in 1986, have spurred rapid economic growth, transforming what was then one of the world’s poorest nations into a lower middle-income country.

CPI is down 1.54% month-on-month in April 2020, marking the lowest level in 2016-2020 period.

Vietnam’s economy has performed well in 2019, with GDP expanding by an estimated 6.8 percent, according to the World Bank (WB)’s recent report.

In the first nine months of 2019, industry and contrustion sector makes up 52.6 percent of the overall economic growth

Vietnam posted a total export value of 194.3 billion USD in the first nine months of this year. Of the export staples, five commodities registered an export value of over 10 billion USD.

Export value increases by 6.7% and import value up by 10.3% year-on-year.