The resurgence of the economy

Đặng Chung |

Closing 2025, Vietnam's economy recorded many bright spots in the context that the world economy continues to face many uncertainties.

GDP growth reached 8.02%, ranking in the leading group in Asia. The economic size increased from 346 billion USD in 2020 to about 510 billion USD in 2025, increasing 5 places, reaching 32nd in the world.

These figures are not only statistical, but reflect a process of recovery and growth. The road to those results is not smooth. Because 2025 witnessed many external shocks, changes in tariff policies, global supply chain shifts and restructuring strategies of multinational corporations.

In that context, economic data shows that the Vietnamese economy has shown relatively good resistance. Growth does not come from a single driving force, but is the result of simultaneous improvement in many regions. Production recovers, exports keep pace, and the domestic service and consumer sector continues to play an important role in promoting growth.

Social trust, institutional reform, stable macroeconomic foundation, and adaptability of businesses are the factors that make up the resurgence of the Vietnamese economy in 2025.

Behind those movements is the determination and belief of the entire political system, businesses and people. When belief is awakened in a context of many uncertainties, it will be a driving force to create new momentum for the economy.

Stepping into 2026, the story of growth is not just fast or slow, but what is the basis for growth, especially when the growth target of 10% or more is set with many challenges. If in 2025, administrative and institutional reforms are implemented drastically and synchronously, creating motivation and strengthening trust, then 2026 will be a year of "testing" implementation capacity.

The effectiveness of policy implementation, the ability to release resources and reduce costs for businesses will determine the growth potential in the coming period. General Secretary To Lam emphasized a very clear requirement: Institutions and laws must become the foundation for releasing resources, unlocking production and opening up new development opportunities. That requires not continuing to compromise with prolonged inadequacies in policy design and implementation organization, but needs a substantial change in thinking and action.

Looking back at the series of major resolutions issued urgently in the past time - from science and technology, international integration, private economic development, energy security, education, health to innovation in law-making and enforcement - it can be seen that there is clear effort in turning thinking into action.

The core issue is to bring resolutions into life. Implementation needs to be associated with a specific timeframe, clear output products, along with administrative discipline and order. This approach gradually builds a new belief: Institutions are not just promises, but a verifiable commitment, aimed at the goal of liberating resources, improving competitiveness and creating a foundation for sustainable growth for the economy.

Đặng Chung
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