The year 2025 drew to a close with significant reform milestones. Against a backdrop of global turbulence driven by geopolitical conflicts and trade fragmentation, Vietnam remained steadfast in pursuing foundational reforms, strengthening internal capacity, and restructuring its development space—thereby laying the groundwork for acceleration in 2026. The year 2025 unfolded amid sharp international volatility, marked by rising trade protectionism, prolonged geopolitical conflicts, and continued disruptions to global supply chains. These factors disrupted logistics, pushed up transportation costs, and deepened fragmentation in international trade. In response, multinational corporations accelerated the restructuring of their supply chains, prioritizing stable and reliable destinations. Domestically, climate change and natural disasters—particularly storms and floods—continued to affect production, infrastructure, and livelihoods. This context underscored the need to maintain macroeconomic stability, intensify reforms, and enhance the economy’s resilience and self-reliance. Reform milestones in 2025 Amid widespread uncertainty, 2025 stood out for Vietnam’s deep and strategic reform efforts. Rather than relying on short-term, reactive measures, Vietnam consistently pursued foundational reforms, focusing on institutional improvement, restructuring the development space, and strengthening the economy’s endogenous capacity. On the external front, Vietnam adhered to an independent, self-reliant, flexible foreign policy while proactively integrating into the global economy. In the face of rising […]