According to the World Bank (WB), the Vietnamese economy continues to show impressive adaptability in the context of a volatile global environment.
The WB's latest report on the economic situation in Vietnam forecasts that Vietnam will achieve economic growth of 6.8% in 2026. This is a solid growth in the context that external impacts may affect the growth momentum.
This organization assesses that the driving force of the Vietnamese economy comes from the combination of many pillars: exports and investment maintained at a high level, a solid domestic economy, and a widespread reform program in the largest administrative apparatus arrangement and streamlining since carrying out the renovation process.
Sharing the same optimistic assessment, the Asian Development Outlook (ADO) report of the Asian Development Bank (ADB) forecasts that Vietnam's economy will grow by 7.2% in 2026 and 7% in 2027. ADB emphasized that Vietnam's short-term outlook is still very positive thanks to strong export growth, fiscal and monetary policies supporting expansion and sustainable investment capital flows.
Despite positive prospects, both financial institutions pointed out significant challenges from the world economic environment. Geopolitical tensions and prolonged conflicts in the Middle East risk pushing transportation costs up and disrupting the global supply chain. In addition, new tariff policies also put pressure on the trade balance.
Ms. Mariam J. Sherman - World Bank Country Director in charge of Vietnam, Cambodia and Laos - said that the fluctuations from climate shocks, the speed of technological innovation and infrastructure development needs are reshaping the development foundation.
Assessing Vietnam's policy response, Mr. Shantanu Chakraborty - ADB Country Director in Vietnam - said that the Vietnamese Government has reacted very quickly to the risk of energy supply disruption. Tax reduction solutions, the use of the price stabilization fund and flexible price management have helped effectively curb short-term inflation.
To maintain the breakthrough momentum in the medium and long term, international experts recommend that Vietnam needs to strengthen macro governance capacity, unlock the potential of the domestic private economic sector to create more quality jobs. In addition, ADB emphasized that strengthening the corporate bond market aims to unlock medium and long-term capital in addition to bank credit.
Positive assessments from the World Bank and ADB have affirmed the position and steady growth momentum of the Vietnamese economy. Decisive steps in institutional reform, streamlining the apparatus and flexibility in macroeconomic management are the solid foundation for Vietnam to continue to maintain growth momentum and realize the goal of moving towards high-income countries in the future.
