Vietnam posts highest GDP growth in Southeast Asia in past decade: US website
Vietnam’s gross domestic product (GDP) growth has been the highest in Southeast Asia over the last decade, according to US-based website seekingalpha.com.
Goods are loaded and unloaded at Sai Gon Port. (Photo: VNA)
Hanoi (VNA)﷽ – Vietnam’s gross domestic product (GDP) growth has been thehighest in Southeast Asia over the last decade, according to US-basedwebsite seekingalpha.com.
As its economygrew by 5.3% in the third quarter of this year, Vietnam’s growth engine is stillin full swing, boosted by households deploying excess savings accumulatedthrough the COVID-19 pandemic, the website said in an article posted on October25. The favourable geopoliticalsituation and sooner-than-expected rate cuts by the State Bank of Vietnam (SBV)are the factors that promote economic growth, helping Vietnambecome the best-performing market in the region. The articlealso pointed out that optimism in the first half of this year eased in September,as investors consider impact of weak demand in its major trading partners suchas the US, the European Union and China. In addition, inflationary pressure fromoil and rice prices – major components of Vietnam's consumer inflation gaugewill inevitably delay rate-cut cycle for now.
However,according to the article, these commodity pressures are temporary and will not affect the SBV’s interest rate policy. It is expected that after a short period ofmonetary tightening, interest rates will be lowered, thereby boosting lendingactivities and helping real estate firms address inventories.
🐼 While weakertrade and transitory inflation pressures have triggered a de-rating in H2 2023,Vietnam's structural earnings growth isn't impaired and should continue tosurprise to the upside in the coming years, it said.
Despite thefact that trade has declined somewhat and inflationary pressures haveincreased, income growth according to Vietnam's economic structure has notdecreased and will continue to increase unexpectedly in the coming years. According tothe article, recent news flow shows that Vietnam is very close to emergingmarket reclassification – an event that will bring more benefits to the country./.
It’s a big challenge for the economy to reach this year’s GDP growth target of 6.5%, and economic expansion is hoped to be boosted by some important demand factors in the second half of 2023, experts have said.
Experts from the International Monetary Fund (IMF) maintained their forecast for Vietnam’s GDP growth at 4.7% in 2023 but expressed their optimism about the medium-term prospects, with GDP growth predicted to reach 5.8% in 2024 and 6.9% in 2025.
Standard Chartered Bank maintained robust 2024 GDP growth forecast of 6.7% for Vietnam in its latest macro-economic updates about the Southeast Asian nation.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Goods are loaded and unloaded at Sai Gon Port. (Photo: VNA) 
