Australia’s East Asia Forum commended Vietnam as an economic development model, crediting the new leadership for pushing hi-tech innovation, mega infrastructure and institutional reforms.

Handling cargo for export at Hai Phong port.

By wooing global tech giants, combating corruption and pursuing tactful diplomacy, Vietnam is well on its way to achieving its goal of becoming a developed, high-income nation by 2045.

The UK's Financial Times has underscored Vietnam's growing global trade networks, which now encompass China, the US, North Asia, the European Union, and ASEAN.

Vietnam has outperformed regional countries in foreign direct investment (FDI) attraction, luring capital flows from the Republic of Korea (RoK), Singapore, Japan, Taiwan (China), China and the US.

Meanwhile, France’s economic-research.bnpparibas.com pinpointed several edges driving Vietnam’s economic growth, including booming global demand for electronics, a manufacturing surge fueled by FDI, a rebounding real estate market following 2022-2023 crisis, and potential hikes in private consumption and the government’s spending.

According to the UK's The Globalist, Vietnam's per capita GDP surpassed that of the Philippines and closed in on Indonesia's last year. The country has achieved an impressive annual compound growth rate of 5% in real terms over the past two decades, outpacing the global average by 1.7 times.

By 2035, 36 million more Vietnamese will join the consumer class, with cities driving 90% of spending growth. Deep-water ports and regional road links only sweeten the deal, while the ultra-high-net-worth population is set to jump 30% by 2028, only behind that in Malaysia and Indonesia.

The US's investing.com, citing a report by Vietnam Holding investment fund, noted that despite volatility in the Vietnamese securities market in January, the banking and retail sectors remained stable thanks to the government's stimulus packages.

It spotlighted a solid foundation for Vietnam’s growth, with tourism experiencing a positive start in early 2025. Foreign tourist arrivals hit a record 2.5 million in January, surpassing the pre-Covid-19 level and marking a 36.9% year-on-year rise.

This tourism boom, paired with rising domestic consumption and a growing middle class, is expected to cushion exports against global trade wobbles.

Health care prioritised in Vietnam’s development strategy: State President

Ensuring public health remains a priority in Vietnam’s socio-economic development strategy, State President Luong Cuong affirmed at a meeting with a delegation of distinguished medical professionals in Hanoi on February 26, on the occasion of the 70th anniversary of Vietnamese Doctors’ Day (February 27, 1955 – 2025).

Party leader stresses need for engaging all in socio-economic development

Party General Secretary To Lam on February 24 highlighted the need for policies and mechanisms to encourage all people and all economic sectors to participate in socio-economic development.

Vietnam, Laos, Cambodia fortify ties in new development phase

General Secretary of the Communist Party of Vietnam (CPV) Central Committee To Lam held a high-level meeting with President of the Cambodian People's Party and President of the Cambodian Senate Hun Sen, and General Secretary of the Lao People's Revolutionary Party and President of Laos Thongloun Sisoulith in Ho Chi Minh City on February 22.

Vietnam highlights ocean’s role in global peace, security, development

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu called on countries to develop a shared vision toward a futire of stability, sustainability, and strong linkages across oceans and seas, including the Indian Ocean, the Pacific, and the East Sea.

Special mechanisms needed for sci-tech development, digital transformation: PM

Prime Minister Pham Minh Chinh stated that institutional obstacles need to be removed in order to drive the development of science, technology, innovation, and national digital transformation in the spirit of the Politburo’s Resolution No. 57.

Bac Giang paves way for AI development

Director of the Bac Giang provincial Department of Science and Technology Nguyen Thanh Binh has underlined the province’s commitment to the effective implementation of the national strategy on AI research, development and application.