Vietnam’s Economic Growth Stuns US, Singapore, and Cambodia: Consecutive Record-Breaking Milestones

Numerous international organizations and media outlets from various countries have highly praised Vietnam's remarkable economic growth in recent years.

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Amidst global economic fluctuations, Vietnam stands out as a “growth star” in Southeast Asia, according to numerous international organizations. These institutions highlight Vietnam’s impressive recovery pace and the government’s flexible policies, which are solidifying its regional resilience and stature. Consequently, many global bodies have revised their economic growth forecasts for Vietnam upward.

Furthermore, Vietnam’s efforts to sustain growth, balance fiscal and monetary policies, and aim for high-income status by 2045 have earned international acclaim.

In the World Bank’s October East Asia and Pacific Economic Update released on October 7, the region is projected to grow at 4.8%, a slight dip from last year’s 5%.

Notably, Vietnam leads with an estimated 6.6% growth. In contrast, China, Cambodia, and Indonesia are forecasted at 4.8%, while Pacific island nations and Thailand are expected to grow at 2.7% and 2%, respectively.

The World Bank commends Vietnam for its flexible policy management, effective inflation control, and post-pandemic business recovery support.

Similarly, the Asian Development Bank (ADB) has raised Vietnam’s growth forecast to 6.7%. This adjustment stands in contrast to downgraded predictions for economies like the Philippines (5.6%), Indonesia (4.9%), Malaysia (4.3%), and Thailand (2.0%), making Vietnam the only economy with an upgraded forecast by ADB.

Earlier, the International Monetary Fund (IMF) projected Vietnam’s 2025 GDP growth at 6.5%, a significant increase from its June forecast of 5.4%.

UOB Bank (Singapore) has also revised Vietnam’s 2025 GDP growth upward to 7.5%, attributing this to a 14% surge in exports compared to the same period last year and a reduction in trade tariff uncertainties in the latter half of 2025.

International Media Lauds Vietnam’s Economic Growth

Vietnam’s economy shows positive results in the first nine months of the year. Illustrative image

International outlets such as Channel News Asia (Singapore), Finimize.com (UK), and Uz.Kursiv.Media (Uzbekistan) have highlighted Vietnam’s robust economic recovery, despite challenges posed by U.S. trade tariffs.

These reports emphasize that Vietnam’s GDP growth surpasses expectations and aligns with the government’s 2025 target of 8.2-8.5%. This growth also exceeds forecasts by global financial institutions like the World Bank (6.6%) and IMF (6.5%).

Finimize.com (UK) notes that Vietnam is spearheading growth in Asia, contrasting with countries like Australia and Thailand grappling with inflation and cautious consumer spending.

Vietnam’s success underscores the synergy between policy and trade, achieving remarkable growth in 2024-2025 despite a weakening local currency. The nation leads the region in GDP growth and inflation control, even as the VND hits a record low of 26,364 per USD.

Cambodian Khmer media also applaud Vietnam’s growth, attributing it to long-term political stability and nearly four decades of economic reforms.

Singapore’s Business Times labels Vietnam a “growth star” and a top performer in Southeast Asia for 2025. Despite significant U.S. tariff impacts, Vietnam’s economy grew by 7.5%, the highest first-half growth since 2010.

Ainvest (USA) predicts Vietnam will attract new investment as global manufacturers seek alternatives to China, with improved logistics infrastructure enhancing its appeal.

On October 6, Algerian media praised Vietnam’s economic achievements amidst global uncertainty, highlighting its status as one of Asia’s most dynamic economies.

Algerian reports also cited Vietnam’s Q3 growth at over 8.2%, the highest since 2011 (excluding the post-pandemic recovery in 2022).

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