Vietnam’s economy accelerates in Q2 2025

Richard Burrage
Jul 22, 2025

Vietnam’s economy surged in Q2 2025, with GDP expanding by 7.96% compared to Q2 2024. The robust performance reflects strong domestic demand, an export surge, and increasing foreign investment.

Strong domestic momentum

Retail sales of goods and services grew by 10.0%, underpinned by an 8.2% increase in goods sales. Industrial production saw a healthy 10.3% year-on-year growth, supported by both domestic consumption and export manufacturing. The consumer price index (CPI) remained steady at 103.31, indicating moderate inflation despite rising activity.

Export and investment growth

Exports reached US$117 billion, up 20% from Q2 2024. Imports also rose by 20% to US$113 billion, reflecting increased demand for inputs and consumer goods. Foreign direct investment (FDI) disbursement totalled US$11.72 billion year-to-date, an 8% increase, reinforcing investor confidence in Vietnam’s long-term outlook.

Travel and tourism recovery

Vietnam welcomed 10.7 million international visitors in Q2 2025, a 21% jump year-on-year, highlighting the continued rebound of the tourism and service sectors.

Outlook for 2025

While June’s Manufacturing PMI eased slightly to 48.9, the broader economy remains on a solid growth path. Vietnam’s full-year GDP growth forecast stands at 6.8%, supported by resilient domestic demand, export competitiveness, and improving infrastructure.

Vietnam continues to be one of Southeast Asia’s most dynamic and attractive economies for investors, manufacturers, and consumers alike.

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