Billion Max Vietnam Co., Ltd., a Hong Kong-funded company, specializes in manufacturing children’s toys for export to the U.S., France, and Chile. (Photo: Phạm Hậu/TTXVN)
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On January 11th, intellinews.com published bne IntelliNews’ “Vietnam Outlook 2026” report. This Germany-based international media outlet, specializing in economic, financial, and political news from emerging markets, forecasts Vietnam’s economic growth and potential challenges across key sectors for 2026.
The report highlights 2025 as a pivotal year marked by economic and institutional reforms. Politically, 2025 saw a strong commitment to institutional reforms and governance improvements. The government implemented administrative streamlining and decentralization, enhancing efficiency and accountability across regions.
According to the report, Vietnam accelerated reforms tied to its economic agenda, eliminating bureaucratic bottlenecks and expediting public investment approvals. These measures boosted decision-making speed and public sector efficiency, crucial for sustaining growth and development. Building on 2024’s momentum, Vietnam’s economy achieved impressive results in 2025.
However, 2025 also witnessed geopolitical tensions complicating external prospects, contributing to rising global energy prices and increasing Vietnam’s fuel and fertilizer import costs.
Higher shipping and insurance costs, particularly along disrupted routes, squeezed exporter profit margins and raised intermediate goods import costs—a cornerstone of Vietnam’s production model.
Despite these challenges, Vietnam benefited from robust regional trade demand, sustained investment in high-tech manufacturing, and stable capital inflows from South Korea, Japan, and Singapore.
The report notes that Vietnam faces significant challenges. To maintain growth, attract foreign direct investment (FDI), and navigate global economic uncertainties, Vietnam must execute an ambitious economic and infrastructure agenda.
Vietnam’s supply chains remain vulnerable to external factors, including the U.S. tariff increases on Asian-manufactured goods. While not the primary target, Vietnam faces substantial indirect impacts.
The 2026 budget outlines a proactive fiscal framework, balancing ambitious development goals with a reasonable deficit. This indicates Vietnam’s willingness to increase deficits to sustain public investment and service commitments.
Notably, the 2026 budget prioritizes technology development, digital transformation, and innovation programs, reflecting Vietnam’s shift from traditional growth drivers to a knowledge- and technology-based economy, aligning with broader structural transformation goals.
Phạm Kiên
– 18:30 12/01/2026
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