The expansion, which was surpassed only by 2022’s growth of 8.12 per cent, was driven primarily by strong performance in the services sector and industrial production.
NSO said the country’s gross domestic product (GDP) grew by 8.46 per cent year on year (YoY) in the fourth quarter (Q4) last year, accelerating from earlier quarters.
The over-8 per cent growth figure was the strongest among the Association of Southeast Asian Nations (ASEAN), NSO was cited as saying by domestic media outlets.
The country’s average GDP growth for the 2021–2025 period stood at nearly 6.3 per cent per year, higher than the 6.2-per cent average recorded in the previous five-year term.
GDP at current prices in 2025 was estimated at $514 billion—up by $38 billion YoY. GDP per capita rose to $5,026—an increase of $326 YoY, placing Vietnam within the upper-middle-income country group, according to national classifications.
Industrial production recorded its strongest growth since 2019. Value added in the industrial sector rose by 8.80 per cent, contributing 35.15 per cent to overall economic growth.
Manufacturing and processing remained the main growth engine, expanding by 9.97 per cent YoY—the highest rate in the 2019-2025 period, and contributing 31.49 per cent to total growth.
In 2025, nearly 297,500 businesses were newly established or resumed operations in the country, representing a 27.4-per cent increase YoY. On an average, about 24,800 businesses entered or re-entered the market each month, while close to 18,900 businesses exited monthly.
In Q4 2025, the proportion of businesses reporting more favourable market conditions compared to the previous quarter rose by 1.1 per cent, while the shares of those citing stable or more difficult conditions declined by 0.2 per cent and 0.9 per cent respectively.
ALCHEMPro News Desk (DS)
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