January Vietnam economic macro indicators continued to show clearer signs of improvement, particularly in manufacturing and exports. However, underlying risks and the delayed recovery of the domestic private sector (DDI), consumption, and the interest rate environment warrant close monitoring.

In 2025, Vietnam recorded peak-cycle growth, with GDP expanding by 8.02% year on year—one of the highest rates in nearly three decades—well above regional averages and most international forecasts, despite weakening global growth, rising uncertainty, and mounting domestic exchange-rate pressures.

Current Domestic Economic Conditions The domestic economy continues to show some positive results. Industrial production is expanding, and manufacturing activity remains in an expansionary phase. However, these improvements seem largely seasonal. They heavily rely on domestic demand, while external conditions are deteriorating rapidly. Export weakness is now synchronized across key markets. Shipments to the United States have declined for the fourth consecutive month due to t

Highlight of Vietnam social-economic events in 2021. Full-year GDP in 2021 increased by 2.58%, thanks to a quick recovery in Q4 (+5.22% YoY)