Indicators like inflation, government revenue and public investment disbursement were also positive. This growth rate is close to the revised projection in the first quarter (Q1 2025).
Industrial production and construction remained the primary drivers of growth, with growths of 8.07 per cent and 9.62 per cent respectively in H1 2025, NSO director Nguyen Thi Huong said.
Services like transport, warehousing, accommodation and catering also posted strong growth, supporting production and exports.
Public investment accelerated for key infrastructure projects. Rapid growth in foreign direct investment in semiconductor and high-technology helped increase the economy’s overall production capacity.
The country’s exports were worth $219 billion in H1 2025—up by 14.4 per cent YoY.
Economists recommend bold actions to boost growth. These include institutional reform, addressing obstacles in production and business operations, and effectively coordinating monetary and fiscal policies, according to a domestic media outlet.
NSO feels science and technology, innovation and digital transformation are the core drivers of Vietnam’s economic growth, and therefore, enterprises need to utilise new opportunities and use artificial intelligence in production, raise investment in research and development to cut costs and enhance competitiveness.
ALCHEMPro News Desk (DS)
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