Vietnam’s 5.2 million family-run businesses contribute nearly a quarter of GDP and 39 percent of jobs. Yet, they remain largely overlooked by economic policies.

Vietnam’s state-owned enterprises propose increased decision-making power and regulatory reforms to enhance efficiency, accelerate investment, and achieve the government’s 8% GDP growth target by 2025.

PM Pham Minh Chinh has called on state-owned enterprises to drive Vietnam’s economic expansion, urging them to embrace innovation, enhance efficiency, and contribute to sustainable national development.

The Vietnamese government is demonstrating a high determination in promoting public investment, focusing on numerous strategic infrastructure projects that connect economic centres.

Domestic businesses are advised to closely monitor market fluctuations and the political and social factors that influence trade, enabling timely and effective responses.

Standard Chartered Bank, projects strong Vietnam GDP growth of 6.7 per cent in 2025 (7.5 per cent in H1 and 6.1 per cent in H2), driven by continued business expansion in 2025 and beyond, with foreign investment playing a key role in driving growth.

To meet the ambitious economic growth target of 8 per cent or more in 2025, experts emphasise the need to reduce business regulations and eliminate procedural barriers that hinder operations.

The Vietnamese government is prioritizing private sector development as the key driver of economic growth. With over 50% of GDP contribution and 80% of employment creation, private enterprises are essential for Vietnam’s long-term prosperity.

The financial and monetary policies in recent times have been adjusted flexibly to support and stimulate consumption, and stabilise prices.

The Fourth Industrial Revolution presents both opportunities and challenges for Vietnam. To secure its place among leading tech-driven nations, the country must drastically increase investment in research and development.

The Italian Ambassador to Vietnam reveals how quality over quantity helped Italy escape the middle-income trap and how Vietnam can do the same.

The private sector is the country’s intrinsic strength - its deeply rooted and enduring value. Yet, it remains fragile in its development. This highlights the fact that Vietnam still has ample room for growth.

With shifting US policies and potential trade risks, Vietnam must take proactive steps to build trust with Washington. Dr. Vu Thanh Tu Anh outlines key measures to secure Vietnam’s recognition as a market economy and avoid economic setbacks.

Vietnam has the momentum and ambition - encouraged by its leaders - to embark on a new and transformative development path toward prosperity.

Many large corporations have reported satisfactory business results for 2024, including gold traders, retailers, realtors and financiers.

With ambitious economic goals, the government is focusing on public investment, exports, and institutional reforms while navigating global uncertainties.

Prime Minister Pham Minh Chinh has instructed government task forces to work closely with provincial and municipal leaders to boost public investment, trade, and economic development, ensuring the 2025 growth target of at least 8% is met.

Vietnam is aiming for a higher-than-expected GDP growth rate in 2025, but concerns remain about economic risks. Policymakers emphasize the need for effective resource mobilization and risk control mechanisms.

Growth is expected to moderate from 7.5 per cent year-on-year in H1 to 6.1 per cent in H2, driven by increased business activity and sustained foreign investment.