Vietnam's economic situation in February 2025 and the first 2 months of the year achieved many positive results, better than the previous month and the same period last year. The highlight is the stable macro economy, promoted growth, controlled inflation, and ensured major balances. Notably, many international organizations continue to positively assess and forecast optimistically about Vietnam's economic situation in 2025.
In the new economic update report released on March 12, the World Bank (WB) raised Vietnam's GDP growth forecast to 6.8% for 2025 and 6.5% for 2026. Thus, the new WB forecast is 0.2 percentage points higher than the previous report.
According to Ms. Mariam J. Sherman - World Bank Director in Vietnam, Cambodia and Laos, Vietnam's economy is forecast to continue to grow strongly in the next two years.
"Vietnam can use its fiscal space to better prepare for increased uncertainty. Public investment to boost growth, especially in the urban infrastructure, transportation and energy sectors, will be very important," Ms. Mariam J. Sherman recommended.
Ms. Nguyen Thi Huong - Director of the Statistics Office (Ministry of Finance) informed that in the first 2 months of 2025, industrial production grew positively and achieved the highest increase in the same period in the past 5 years. Trade and service activities are vibrant and maintain a high growth rate compared to the same period last year.
Total import and export turnover of goods in the first two months of 2025 reached 127.07 billion USD, up 12% over the same period last year. Of which, exports increased by 8.4%; imports increased by 15.9%. The trade balance of goods is estimated to have a trade surplus of 1.47 billion USD.
According to Ms. Nguyen Thi Huong, investment from the State budget has been vigorously implemented, contributing to creating momentum for economic growth. The investment capital from the State budget implemented in the first two months of 2025 is estimated at 73.2 trillion VND, equal to 8.5% of the annual plan and increasing by 21.7% over the same period last year (the same period in 2024 was 7.7% and increased by 2.6%).
"Many activities to attract international tourists will continue to be promoted from the beginning of 2025. International visitors to our country in February reached nearly 1.9 million, an increase of 23.7% over the same period last year; in the first two months of 2025, international visitors to Vietnam reached more than 3.96 million, an increase of 30.2%.
The positive signals from production, business, tourism and trade activities have created motivation to increase state budget revenue. In the first two months of 2025, the State budget revenue is estimated at VND499.8 trillion, equal to 25.4% of the annual estimate and increasing by 25.7% over the same period last year" - Ms. Huong analyzed.
