S&P Global Ratings has raised the long-term credit ratings of three major banks, reflecting the stronger resilience of the country’s financial system and continued above-average economic growth.

Harry Hoang OAM, President of the Vietnamese Business Association and Chairman of the Vietnamese People Association in Canberra, has expressed pride in the homeland’s economic progress over the past eight decades since gaining independence.

Ho Chi Minh City is pressing ahead with comprehensive and resolute measures to ensure its 2025 economic growth target of 8.5% or higher, with GDP expansion in the second half of the year expected to reach 10.3%.

VOV.VN - After 40 years of renovation, Vietnam is now the world’s 33rd largest economy, with GDP per capita up more than 60 times and among the top 30 countries for trade growth.

VOV.VN - The country's bold and effective development path has earned praise from international financial institutions, economists and diplomats amid global economic uncertainties.

VOV.VN - The Asian Development Bank (ADB) has revised down its forecast for Vietnam’s GDP growth to 6.3% in 2025 and 6.0% in 2026, down by 0.3 and 0.5 percentage points respectively from its previous forecast three months ago.

VOV.VN - Achieving GDP growth of 8.3-8.5% in 2025 will require stronger, more coordinated efforts across all sectors, laying the groundwork for double-digit expansion in the following years as part of the country’s centennial development goals.

VOV.VN - Vietnam’s GDP expanded 7.56% in the first half of 2025, with Q2 growth reaching 7.67% despite numerous difficulties and challenges, showing targeted fiscal policy, controlled inflation and a continued trade surplus.

The Vietnam Economic Growth Forum 2025 (VEGF) provided a platform for government agencies, business community and experts to contribute ideas to help the country realise its target of rapid and sustainable growth.

The Singapore-based United Overseas Bank (UOB) revised its forecast projection for Vietnam’s GDP growth upward to 6.9% for 2025 from its previous 6% projection, following the strong performance in the second quarter.