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| </head> | |
| <body> | |
| <header> | |
| <h1>Vietnam Economic Growth Report 2025</h1> | |
| </header> | |
| <div id="container"> | |
| <nav id="toc" aria-label="Table of Contents"> | |
| <h2><i class="fas fa-list"></i> Contents</h2> | |
| <ul> | |
| <li><a href="#executive-summary" class="active">Executive Summary</a></li> | |
| <li><a href="#indicators">Key Indicators</a></li> | |
| <li><a href="#sectoral">Sectoral Analysis</a></li> | |
| <li><a href="#challenges">Challenges & Risks</a></li> | |
| <li><a href="#history">Historical Comparison</a></li> | |
| <li><a href="#outlook">Economic Outlook</a></li> | |
| <li><a href="#sources">Sources & Citations</a></li> | |
| </ul> | |
| </nav> | |
| <main> | |
| <section id="executive-summary" data-nav="Executive Summary"> | |
| <h2>Executive Summary</h2> | |
| <p>Vietnam's economy continues to demonstrate robust growth momentum in 2025, with GDP expanding 7.96% in Q2. The first half of 2025 recorded the highest mid-year performance since 2011, driven by services and manufacturing sectors amidst external challenges like global trade tensions and US tariffs.</p> | |
| </section> | |
| <section id="indicators" data-nav="Key Indicators 2025"> | |
| <h2>Key Economic Indicators 2025</h2> | |
| <h3>1. GDP Growth Performance</h3> | |
| <p><strong>Actual Results:</strong></p> | |
| <ul> | |
| <li><strong>Q1 2025:</strong> 6.9% YoY</li> | |
| <li><strong>Q2 2025:</strong> 7.96% YoY</li> | |
| <li><strong>First Half 2025:</strong> 7.52%</li> | |
| </ul> | |
| <p><strong>Forecasts:</strong></p> | |
| <ul> | |
| <li>World Bank: 5.8%</li> | |
| <li>ADB: 6.6% (down from 6.3%)</li> | |
| <li>IMF: 5.2%</li> | |
| <li>Government Target: 8.3–8.5%</li> | |
| </ul> | |
| <h3>2. Inflation Rate</h3> | |
| <p><strong>2025 Trends:</strong></p> | |
| <ul> | |
| <li>May: 3.24%</li> | |
| <li>June: 3.57% (highest since start of year)</li> | |
| </ul> | |
| <p>Forecasts: IMF 2.9%, ADB 4.0%. Inflation remains within safe, manageable range.</p> | |
| <h3>3. Unemployment Rate</h3> | |
| <p>Q1 2025: 2.20%, down from 2.22% Q4 2024. Indicates stable labor market.</p> | |
| <h3>4. Foreign Direct Investment (FDI)</h3> | |
| <p><strong>First 5 months:</strong> Registered Capital: $18.4B (+51% YoY), Disbursed: $8.9B</p> | |
| <p><strong>Half-year total:</strong> US$21.51B (+32.6%)</p> | |
| <h3>Visual Data</h3> | |
| <div class="chart-container" id="gdp-chart-container"> | |
| <canvas id="gdpChart"></canvas> | |
| </div> | |
| </section> | |
| <section id="sectoral" data-nav="Sectoral Analysis"> | |
| <h2>Sectoral Analysis</h2> | |
| <h3>Primary Growth Drivers</h3> | |
| <ul> | |
| <li>Services Sector: Major contributor</li> | |
| <li>Manufacturing Sector: Recovering and developing</li> | |
| <li>Export Industries: Backbone of the economy</li> | |
| <li>Banking Sector: Projected 17% earnings growth in 2025</li> | |
| </ul> | |
| <h3>Retail Performance</h3> | |
| <p>Q1 2025 retail sales: 1.708 quadrillion VND (US$66.83B), +9.9% YoY.</p> | |
| <h3>Data Table</h3> | |
| <table id="retail-table"> | |
| <thead> | |
| <tr> | |
| <th>Quarter</th> | |
| <th>Retail Sales (VND)</th> | |
| <th>YoY Growth</th> | |
| </tr> | |
| </thead> | |
| <tbody> | |
| <tr> | |
| <td>Q1 2025</td> | |
| <td>1.708 quadrillion</td> | |
| <td>9.9%</td> | |
| </tr> | |
| </tbody> | |
| </table> | |
| </section> | |
| <section id="challenges" data-nav="Challenges & Risks"> | |
| <h2>Challenges and Risk Factors</h2> | |
| <ul> | |
| <li>Global Trade Tensions impact exports</li> | |
| <li>US Tariff Policies pressure exporters</li> | |
| <li>Geopolitical Instability => increased business uncertainty</li> | |
| <li>Overdependence on FDI => risks of inflation & overreliance</li> | |
| <li>Need for macroeconomic stability, avoiding public debt surges</li> | |
| </ul> | |
| </section> | |
| <section id="history" data-nav="Historical Comparison"> | |
| <h2>Historical Comparison</h2> | |
| <p>GDP growth rates (YoY) from 2020 to 2025:</p> | |
| <ul> | |
| <li>2020: 3.21%</li> | |
| <li>2021: 4.85%</li> | |
| <li>2022: 5.42%</li> | |
| <li>2023: 3.46%</li> | |
| <li>2024: 7.1%</li> | |
| <li>2025 forecast: ~7.52%</li> | |
| </ul> | |
| </section> | |
| <section id="outlook" data-nav="Economic Outlook"> | |
| <h2>Economic Outlook & Projections</h2> | |
| <p>Vietnam’s economy started strong in 2025 with 6.9% Q1 growth, but faces global uncertainty ahead. The target is 8.3–8.5%, though challenges exist. Fundamental supports include:</p> | |
| <ul> | |
| <li>Robust FDI inflows</li> | |
| <li>Low unemployment</li> | |
| <li>Controlled inflation</li> | |
| <li>Export competitiveness</li> | |
| <li>Parliamentary support raising growth targets</li> | |
| </ul> | |
| <h3>Risk Mitigation</h3> | |
| <p>The government aims to diversify markets, boost domestic demand, and strengthen resilience to global shocks through fiscal and policy measures.</p> | |
| </section> | |
| <section id="sources" data-nav="Sources & Citations"> | |
| <h2>Sources and Citations</h2> | |
| <ul> | |
| <li><a href="https://tradingeconomics.com/vietnam/gdp-growth-annual" target="_blank" rel="noopener">Trading Economics - Vietnam GDP</a></li> | |
| <li><a href="https://www.imf.org/en/Countries/VNM" target="_blank" rel="noopener">IMF - Vietnam Profile</a></li> | |
| <li><a href="https://www.worldeconomics.com/GDP/Vietnam.gdp" target="_blank" rel="noopener">World Economics - Vietnam GDP</a></li> | |
| <li><a href="https://www.gso.gov.vn/en/" target="_blank" rel="noopener">General Statistics Office Vietnam</a></li> | |
| <li><a href="https://en.wikipedia.org/wiki/Economy_of_Vietnam" target="_blank" rel="noopener">Wikipedia - Economy of Vietnam</a></li> | |
| <li><a href="https://www.imf.org/en/Countries/VNM" target="_blank" rel="noopener">IMF Vietnam & the IMF</a></li> | |
| <li><a href="https://www.focus-economics.com/countries/vietnam" target="_blank" rel="noopener">FocusEconomics</a></li> | |
| <li><a href="https://www.gso.gov.vn/en/data-and-statistics/" target="_blank" rel="noopener">GSO Data & Statistics</a></li> | |
| <li><a href="https://vietnamnet.vn/" target="_blank" rel="noopener">VietnamNet - Economic News</a></li> | |
| <li><a href="https://www.vietnam-briefing.com/" target="_blank" rel="noopener">Vietnam Briefing</a></li> | |
| <li><a href="https://vir.com.vn/" target="_blank" rel="noopener">Vietnam Investment Review</a></li> | |
| <li><a href="https://tradingeconomics.com/vietnam/foreign-direct-investment" target="_blank" rel="noopener">Trading Economics - FDI</a></li> | |
| <li><a href="https://www.whitecase.com/" target="_blank" rel="noopener">White & Case - Outlook</a></li> | |
| <li><a href="https://vneconomictimes.com/" target="_blank" rel="noopener">Vietnam Economic Times</a></li> | |
| <li><a href="https://www.adb.org/countries/viet-nam/main" target="_blank" rel="noopener">ADB Vietnam</a></li> | |
| <li><a href="https://www.mpi.gov.vn/en/" target="_blank" rel="noopener">Ministry of Planning & Investment</a></li> | |
| </ul> | |
| </section> | |
| </main> | |
| </div> | |
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| © 2025 Vietnam Economic Data & Analysis | Sources cited accordingly. | |
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