Electronic component assembly at Chee Yuen Vietnam Electronic Technology Co., Ltd., a Taiwanese (China) invested company, located in An Duong Industrial Park, An Duong District, Hai Phong . Photo: VNA
According to forecasts from the global economic research and consulting firm Oxford Economics, the Vietnamese economy will continue to assert its leading position in the ASEAN-6 region, with an expected growth rate of 6.5% in 2025.
Vietnam is projected to maintain a faster growth rate than its neighbors thanks to the significant contribution from the manufacturing sector, especially machinery and textiles.
Vietnam's manufacturing sector remains strong. In particular, Vietnam is a hub for assembling, packaging, and testing semiconductor chips , and this trend is expected to continue to benefit in the coming year, although the growth rate may be weaker than in 2024.
Oxford Economics forecasts that Vietnam's domestic consumer sector will continue to grow strongly thanks to steady wage increases, supported by jobs created by foreign direct investment (FDI). The number of active businesses continues to grow annually, which could fuel asset accumulation in 2025, although FDI inflows may temporarily slow down pending tariff announcements from the US.
Credit growth is also expected to improve in 2025 thanks to recent changes in credit controls and the recovery of domestic businesses. However, the real estate sector will remain under pressure until the end of 2025, and the process of resolving non-performing loans will require more time.
Meanwhile, Standard Chartered forecasts Vietnam's GDP growth to reach 6.7% in 2025, with growth slowing from 7.5% in the first half of the year to 6.1% in the second half.
According to Standard Chartered's economic experts, Vietnam's economic growth in 2024 remains strong. Exports in the first 10 months of 2024 increased by 14.9% year-on-year, while imports increased by 16.8%, with both exports and imports of electronics continuing to recover.
The manufacturing sector experienced solid growth, and relatively accommodative monetary policy may have also contributed to the economic recovery in 2024.
Demand for foreign investment remains strong. Disbursed FDI increased by 8.8% year-on-year, while committed FDI increased by 1.9% during the same period. The manufacturing sector accounted for 62.6% of total committed FDI, while the real estate sector's share was 19.0%, an increase year-on-year.
Tim Leelahaphan, Standard Chartered's economist in Thailand and Vietnam, said: “We believe the State Bank of Vietnam will raise interest rates by another 50 basis points in the second quarter of 2025. The government’s desire for stronger economic growth may currently be supporting low interest rates, but this trend could change as inflation rises.”
With a solid foundation in domestic production and consumption, and strong investment flows, Vietnam will continue to assert its position as an economic bright spot in the ASEAN-6 region in 2025 and beyond.
Laodong.vn
Source: https://laodong.vn/the-gioi/viet-nam-du-kien-tang-truong-vuot-troi-vao-nam-2025-1438456.ldo
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