Vietnam’s economy is forecast to exceed US$505 billion by the end of 2025, placing the country among the world’s 30 largest economies, according to projections by the World Bank.

VOV.VN - Over the past nearly four decades since the Doi Moi (Renovation) process, Vietnam’s community of entrepreneurs and enterprises has grown stronger, becoming a vital pillar of the national economy.

Digital payments are emerging as one of the most dynamic drivers of Vietnam’s economy, with the value of cashless transactions soaring to 26 times the country’s GDP and QR payments growing by more than 81% in the first quarter of 2025.

VOV.VN - Trade turnover remained a bright spot in the Vietnamese economy over the nine month period of 2025, expanding 17.3% year on year, far exceeding the full year growth target of 12%.

VOV.VN - A number of international newspapers and organizations have recently highlighted Vietnam’s impressive growth pace, calling the country a symbol of resilience in Southeast Asia amid global economic uncertainty.

VOV.VN - As of the end of September, total credit to the national economy had risen 13.37% compared to the start of the year, marking the highest growth in about 15 years. At this pace, the State Bank of Vietnam (SBV) expects full-year credit growth to reach 19-20%.

Vietnam is on the threshold of becoming a developed nation, Deputy Prime Minister Ho Duc Phoc has said, stressing the importance of renewing the growth model, fostering new drivers of growth, and building a resilient, sustainable economy capable of withstanding global fluctuations.

Vietnamese Acting Minister of Agriculture and Environment Tran Duc Thang had a meeting with Agnes Pannier-Runacher, French Minister for Ecological Transition, Biodiversity, Forests, the Sea and Fisheries, in Paris on September 30.

Deputy Prime Minister Nguyen Chi Dung on September 30 called for research and proposals on breakthrough solutions to remove obstacles for State-owned enterprises (SOEs) and enhance the efficiency of the State economy.

President Luong Cuong received Taewon Chey, Chairman of SK Inc. and Chairman of the Korea Chamber of Commerce and Industry (KCCI), in New York on September 24, as part of his working trip to the United States for the High-level General Debate of the 80th session of the United Nations General Assembly (UNGA 80).