Vietnam’s economy is gaining serious momentum — achieving its highest mid-year GDP growth since 2011, alongside record performance across major sectors.
According to the General Statistics Office, GDP rose 7.52% in the first half of 2025 compared to the same period last year. In Q2 alone, GDP jumped 7.96%, marking the second-highest quarterly growth in the 2020–2025 period. The agriculture, forestry, and fishery sector grew 3.84%, contributing 5.59%; industry and construction rose 8.33%, contributing 42.20%; and services surged 8.14%, contributing over half the total growth at 52.21%. Finance Minister Nguyễn Văn Thắng described this as Vietnam’s strongest six-month economic performance in nearly two decades.
The services sector saw its fastest growth since 2011, rising 8.14% year-on-year. Key drivers included wholesale and retail (+7.03%), transportation and logistics (+9.82%), finance and insurance (+6.53%), accommodation and food services (+10.46%), and public services like administration and social support (+14.58%).
Industrial production also rebounded sharply. Vietnam’s Industrial Production Index (IIP) increased 9.2% in the first six months — the highest first-half rate since 2020. Manufacturing grew by 11.1%, while electricity production rose 4.5%. Only mining saw a decline, dropping 3.0%.
Entrepreneurship is booming, with 24,400 new businesses registered in June 2025 — double the monthly average from 2021 to 2024. Registered capital reached nearly ₫176.8 trillion, creating 137,200 new jobs. Compared to June 2024, the number of new businesses rose 60.5%, with capital up 21.2% and employment up 49.9%. In the first half of 2025, 91,200 new businesses were established and 61,500 enterprises resumed operations, making a combined total of over 152,700 active companies — up 26.5% year-on-year.
Foreign direct investment (FDI) also hit a new high. Disbursed FDI reached US$11.72 billion in the first half of 2025 — the strongest mid-year result in five years, and up 8.1% year-on-year. Of this, US$9.56 billion flowed into manufacturing, while real estate attracted US$932.2 million and utilities received US$444.7 million.