Vietnam’s Economy Continues Rapid Growth in 2025, Strengthening Its Role in ASEAN

Vietnam’s Economy Continues Rapid Growth in 2025, Strengthening Its Role in ASEAN

Hanoi, October 6, 2025 — Vietnam’s economy recorded stronger-than-expected growth of 8.23% in the third quarter of 2025 (July–September), despite the challenge of a 20% U.S. tariff that officially took effect in early August, according to data from Vietnam’s National Statistics Office.

This growth outpaced analysts’ forecasts and aligns with the ambitious target set by the Communist Party of Vietnam, which projected annual economic expansion of 8.3% to 8.5% for this year. The robust performance has been largely driven by the country’s vibrant manufacturing sector and continued domestic trade activity.

Such momentum is expected to further solidify Vietnam as an attractive investment destination within ASEAN. In recent years, the country’s growth has been propelled by foreign investment and exports. Vietnam has drawn significant factory investments from major global corporations including Samsung, LG, and Foxconn, while Singapore has poured substantial capital into Vietnam’s real estate market and industrial zones.

Vietnam’s ongoing anti-corruption campaign, which has reached both senior officials and powerful business tycoons, has also contributed to this progress by improving the business climate, reducing unofficial financial demands, and boosting foreign investors’ confidence.