The East Asia Forum (Australia) commented that Vietnam is a model of economic development in times of global fluctuations. With a new leadership apparatus, Vietnam is aiming for high-tech development, large-scale infrastructure projects and institutional reform. By attracting global technology investment, taking strong action against corruption and pursuing a sophisticated diplomatic approach, Vietnam aims to transform its economy and strive to become a developed country with high income by 2045.
The Financial Times (UK) reported that Vietnam's trade links have expanded significantly globally, including China, the US, North Asia, the European Union and ASEAN countries. This performance reflects the rapid increase in foreign direct investment over the past two decades.
Vietnam has outperformed the rest of the region in attracting FDI, attracting capital flows from countries and territories such as: Korea, Singapore, Japan, Hong Kong (China), Taiwan (China), China and the US.
According to Economic-research.kmpparibas.com (France), factors favorable for Vietnam's economy to continue its growth momentum include: the export sector is benefiting from global demand for electronics and continues to increase production capacity thanks to foreign direct investment (FDI); the real estate sector is recovering after the 2022 - 2023 crisis; private consumption is likely to increase and the Government has room to increase spending and investment.
The Globalist (UK) reported that the standard of living of Vietnamese people is gradually approaching richer neighbors: By 2024, Vietnam's GDP per capita will surpass the Philippines and approach Indonesia. Vietnam's GDP has had a compound annual growth rate of 5% at real value over the past 20 years, 1.7 times faster than the global average.
In the next decade, Vietnam will have 36 million more people joining the consumer class. Cities are likely to become Vietnam's growth driver, contributing about 90% of total consumer growth in the coming decade. Vietnam also has significant advantages for development such as having deep-water ports in both the North and the South, and good road connections with other countries on the Indochina peninsula.
The number of individuals with extremely high net asset values in Vietnam will increase by 30% in the period 2023-2028, the highest in Southeast Asia after Malaysia and Indonesia. That means 978 Vietnamese people have assets of $30 million or more.
The US website Investing.com highly appreciates the resilience of the Vietnamese economy in the context of many global challenges. The January 2025 investment report of Vietnam Holding Investment Fund (VNH) assessed that in January 2025, Vietnam's stock market fluctuated strongly, reflecting instability in the global economy. However, sectors such as banking and retail remain stable thanks to the Government's stimulus measures. Although the number of working days is shorter due to the Lunar New Year and global geopolitical tensions affecting the supply chain, the Vietnamese economy still maintains a positive growth prospect.
Despite short-term challenges, the report shows long-term optimism for the Vietnamese economy, highlighting Vietnam's solid foundation and growth opportunities. Tourism recorded a positive start to 2025, with a record 2.1 million international visitors in January 2025, surpassing the pre-COVID-19 pandemic level and increasing by 36.9% compared to 2024. Tourism growth, along with rising domestic and middle-class spending, could offset potential declines in exports due to global trade disruptions.
