The National Statistics Office under the Ministry of Finance said the country’s gross domestic product grew 8.46% year on year in the fourth quarter of 2025, accelerating from earlier quarters and underpinning robust full-year growth.

The 2025 expansion was surpassed only by 2022’s growth of 8.12%, reflecting Vietnam’s continued economic resilience despite global headwinds, including prolonged trade tensions and uncertainty surrounding US reciprocal tariff policies.

At over 8%, Vietnam’s growth rate was among the highest globally and the strongest in ASEAN, the statistics office said.

The country’s average GDP growth for the 2021–2025 period stood at approximately 6.3% per year, higher than the 6.2% average recorded in the previous five-year term.

GDP at current prices in 2025 was estimated at US$514 billion, up US$38 billion from the previous year. GDP per capita rose to US$5,026, an increase of US$326 from 2024, placing Vietnam within the upper-middle-income country group, according to national classifications.

The services sector remains the largest contributor to economic value, accounting for more than 51.08% of total added value and growing by 8.62% year on year. Industry and construction expanded by 8.95%, contributing 43.62% of added value, while agriculture, forestry, and fisheries accounted for 5.3% of growth.

With regard to industry, industrial production recorded its strongest growth since 2019. Value added in the industrial sector rose 8.80%, contributing 35.15% to overall economic growth.

Manufacturing and processing remained the main growth engine, expanding 9.97%, the highest rate in the 2019–2025 period, and contributing 31.49% to total growth. Other industrial segments also posted gains, with construction rising 9.62%; water supply, waste management and wastewater treatment 7.82%; electricity production and distribution 6.39%; and mining 0.42%.

In 2025, nearly 297,500 businesses were newly established or resumed operations, representing a 27.4% increase year on year. On average, about 24,800 businesses entered or re-entered the market each month, while approximately 18,900 businesses exited monthly.

Business sentiment also showed signs of improvement. In the fourth quarter of 2025, the proportion of businesses reporting more favourable market conditions compared to the previous quarter rose by 1.1%, while the shares citing stable or more difficult conditions declined by 0.2% and 0.9%, respectively.

Vietnam exceeds global forecasts with 8.23% GDP growth

Despite mounting pressures from a trade protectionism policy spreading across the world, Vietnam’s economy recorded an impressive growth rate in the third quarter this year, with gross domestic product (GDP) expanding by 8.23% year on year.