The ADB projects Vietnam's economic growth at approximately 6.3% this year and 6% in 2026, down 0.3% and 0.5% respectively from its projections 3 months ago.

The government has set a more specific economic growth target of 8.3-8.5% for this year, compared to the previous target of at least 8%.

Vietnam needs high growth and increased productivity to become a high-income country by 2045, experts say.

Believing the most intense period of tariff tensions has passed, UOB has raised its 2025 GDP growth forecast for Vietnam to 6.9%.

Nearly 80% of processing and manufacturing businesses anticipate stable or improved business conditions in Quarter III compared to the previous quarter, according to the General Statistics Office.

Economic growth in the second quarter is estimated at 7.96%, the second-highest increase for the 2020-2025 period.

Vietnam’s first-half GDP growth nearly reached the targeted 7.58%, and the second half could hit at least 8%, according to Finance Minister Nguyen Van Thang.