Hanoi (VNA) – The news website Yahoo News has run astory from TheMotley Fool, which provides leading insight and analysis about stocks to helpinvestors stay informed, commenting that Vietnam is an economic star in t🍎heSoutheast Asian region.
Opening thearticle, entitled “How Vietnam rose to become an ASEAN star”, is the scene ofHo Chi Minh City at 7am with busy life of a dynamic city. “Glass-facedskyscrapers adorn its skyline. Young professionals are trying to navigatethrough the busy traffic on their motorbikes. Hawkers are selling fast foodsuch as famous Banh Mi by the side of the road. There is a veritable energy,and only one that is present in an aspiring society and a growing economy,” itread. Within walkingdistance of District One stands the War Remnants Museum, which housesphotographs, literature, and objects from the Vietnam War, it said, adding thatone can't help but reflect on the devastation and suffering the war brought onthe country. After seeingthe contrast, it's a wonder how Vietnam managed to get to where it is today, itsaid. It pointed outthat while courting foreign investments, Vietnam also paid attention to reformsat home by directing public investments to education and infrastructurebuilding. According to the World Bank, Vietnam spent a whopping 5.7 percent ofGDP on education, even higher than the OECD (a group of developed economies)average, topping economic powerhouses like the US, Germany, Australia, and theUK. The reformsalso boosted local entrepreneurship, resulting in a plethora of small andmedium businesses opening around the country. Today, Vietnam is challenging theregional leaders, Singapore and Indonesia, in the start-up space. Thegovernment is actively attempting to lure back local talent that had goneabroad to study and work. The data andrankings reflect all these efforts. Vietnam's GDP has grown every single yearsince 1981, even during the dot com bust and the global financial crisis. GDPgrowth for 2018 came in at an impressive 7.1 percent, it noted. Meanwhile, percapita GDP has grown from 231 USD in 1985 to 2,343 USD in 2017. Thecountry's annual Foreign Direct Investment has grown by over seven timesbetween 1996 and 2018. Vietnam has made strides in ease of doing business toowith its ranking jumping from 90 in 2010 to 69 in 2018.
With a medianage at just over 30 years old, Vietnam's young and vibrant workforce can helpthe country move further ahead in manufacturing. The servicessector, though, is lagging compared to ꦍits neighbors, 𒐪who command a highershare of GDP from the sector.
There are manychallenges that Vietnam needs to overcome in order to move into themiddle-income category but its journey so far has been impressive, itcommented.-VNA
The Vietnamese Government hopes to receive consultancy from the International Monetary Fund (IMF) to better its security market, price regulation and macro-economic policies, Deputy Prime Minister Vuong Dinh Hue has said.
The Vietnamese Dong would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast.
It is critical to improve the resilience of the Vietnamese economy to withstand and recover from external shocks, experts told a conference in Hanoi on May 15.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A view of Ho Chi Minh City (Photo: VNA) 
