HCMC – Vietnam is projected to record the strongest economic growth in the East Asia-Pacific region in 2025, according to the World Bank’s (WB) latest report.
The WB said Vietnam continues to stand out amid regional volatility, supported by a recovery in manufacturing and consumption. It credited the country’s effective policy management, inflation control, and post-pandemic business support for sustaining growth momentum, reported the Government news website (baochinhphu.vn).
Aaditya Mattoo, chief economist for East Asia and the Pacific at the WB, said about 80% of new jobs in Vietnam are being created by young and dynamic businesses, reflecting the strength of the private sector.
The report noted that Vietnam’s industrial and service sectors are shifting toward higher value-added activities. However, it noted that institutional reforms and productivity improvements will be essential for the country to benefit from global supply chain realignments.
Vietnam’s participation in regional production chains remains limited, the bank said, adding that structural reforms and improved governance are needed to support sustainable growth.
The WB recommended that Vietnam expand its export markets while boosting domestic demand, promoting innovation, and advancing digital transformation in the private sector. Enhancing labor productivity will be key to achieving high-quality growth led by value-added industries.
