The information was released at a national conference on the implementation of the 14th National Party Congress’s Resolution, during a review of five years of the 2021–2030 Socio-Economic Development Strategy and preparations for the 2026–2030 development plan.

It’s reported that during 2021–2025, Vietnam maintained overall macroeconomic stability, with inflation kept under control and major economic balances safeguarded. Public debt, government debt and external debt remained well below warning thresholds.

Monetary, fiscal and other macroeconomic policies were implemented in a coordinated and flexible manner, strengthening market confidence and supporting sustainable growth.

Notably, Vietnam’s economy recorded an average GDP growth rate of about 6.2% per year over 2021–2025, with growth in 2025 at 8.02%. GDP expanded from US$346.6 billion in 2020 to more than US$514 billion, lifting Vietnam five places in global economic rankings.

GDP per capita in 2025 was around US$5,026, up from US$3,552 in 2020. Gross national income (GNI) per capita rose from US$3,400 to approximately US$4,750, marking Vietnam’s approach toward upper-middle-income economy status.

The country’s merchandise trade continued to expand, hitting US$920 billion in 2025, up 16.9% year on year, ranking the country 20th globally, with a sustained trade surplus. Energy and food security were maintained.

State budget revenue averaged about 18.7% of GDP during 2021–2025, while the budget deficit was kept at around 3.1% of GDP. Public debt was maintained at 34.4% of GDP by end-2025, well below the statutory ceiling. Total social investment accounted for around 33% of GDP, meeting set targets.

Despite severe impacts from the COVID-19 pandemic and a challenging global environment, Vietnam sustained positive growth during 2020–2021 and rebounded strongly in 2022 with 8.54% growth, emerging as a global economic bright spot.

The achievements during 2021–2025 underscore Vietnam’s rising economic scale, improving quality of growth and strengthened international standing, providing a solid foundation for sustained development in the 2026–2030 period and beyond.

Vietnam emerges as Asia’s fastest-growing economy despite tariff headwinds: HSBC

VOV.VN - Despite a turbulent year, Vietnam recorded annual growth of up to 8% in 2025, in line with HSBC expectations, emerging as Asia’s fastest-growing economy, according to the bank’s latest “Vietnam at a Glance” report.