The Asian Development Bank (ADB) has raised its growth forecast for Vietnam for both 2024 and the following year, thanks to the government's effective economic growth-boosting measures.
On December 11th, the ADB released the latest edition of its Asian Development Outlook (ADO) report, in which the financial institution predicts that economic growth in Asia and the Pacific will remain stable this year and next year.
In its latest report, the ADB raised its forecast. Vietnam's growth forecast has been revised up to 6.4% from the previous forecast of 6.0% in 2024; while the outlook for 2025 has also been raised to 6.6% from the previous forecast of 6.2%.
At its 6th session, the National Assembly adopted a Resolution on the Socio-Economic Development Plan for 2024, setting a target of a gross domestic product (GDP) growth rate of 6-6.5%. Most recently, at its 8th session, National Assembly resolution The GDP growth rate in 2025 is projected to be around 6.5-7%, with an aspirational target of 7-7.5%. |
According to the ADB, stronger-than-expected trade activity, a robust recovery in manufacturing for export, and the continued implementation of fiscal support measures have boosted Vietnam's economic growth.
The bank also recommended that, in the context of increasing external challenges, boosting public investment and implementing supportive fiscal and monetary policies are necessary measures for Vietnam to further stimulate domestic demand.
On a regional level, Southeast Asia's growth outlook for this year has been upgraded to 4.7% from the previous forecast of 4.5%, driven by stronger manufacturing exports and public investment spending. The forecast for next year remains unchanged at 4.7%.
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![[Photo] General Secretary and President To Lam presides over a meeting on preparations for the review of one year of operation of the three-tiered government system.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2026/06/02/1780391821195_a1-bnd-4595-9717-jpg.webp)
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