The transition to a circular economy model is a mandatory step for Vietnam’s garment and textile industry, billed as a key for the sector to develop sustainably and gain competitive advantage in the future, according to insiders.

Amid global economic turbulence driven by geopolitical instability, trade conflicts, and tight monetary policies, Vietnam has emerged as a rare bright spot.

Prime Minister Pham Minh Chinh said the targeted GDP growth rates of 8.3-8.5 percent in 2025 and 10 percent or higher in 2026 are challenging to achieve but not impossible, and must be pursued.

The government pushes for bold economic expansion to fuel strategic momentum entering 2026.

Public investment, innovation, and stable inflation helped Vietnam maintain solid economic momentum in early 2025.

The Government is proposing a plan to allocate the 2024 increased state budget revenue, with a significant portion dedicated to increasing expenditures on development investment.

The Prime Minister acknowledges the targets are tough but says they’re achievable with determination.

The government revises economic projections after first-half performance lays solid foundation for 8% annual target.

As traditional growth engines - natural resources, public investment, low-cost labour, and low-value exports - wane, Vietnam must shift toward transformative drivers, some experts have said.

At the Vietnam Economic Growth Forum 2025 last weekend, Tran Luu Quang, Head of the Central Committee for Policy and Strategy, posed a fundamental question: “With the goal of achieving double-digit growth, what must we do, and how should we do it?”

With rising living costs and weak consumption, Vietnam’s economy faces silent challenges.

Unlocking nearly 2,900 delayed projects could power Vietnam’s economic leap, but only if bold reforms cut through institutional bottlenecks and legal red tape.

The Singapore-based United Overseas Bank (UOB) revised its forecast projection for Vietnam’s GDP growth upward to 6.9% for 2025 from its previous projection of 6%, following the strong performance in the second quarter.

By June 2025, Vietnam's total credit had reached over 17.2 quadrillion VND (658.43 billion USD), up 9.9% from end-2024 and 19.32% year-on-year - the highest growth rate since 2023.

Economists, both domestic and foreign, have noted Vietnam’s ability to maintain strong momentum, with ambitions to hit 8% growth in 2025 and 10% or more annually from 2026 to 2030.

Ambitious package to reduce red tape and upgrade infrastructure under IMF review.

The elimination of district-level governance is a cornerstone of Vietnam’s new administrative era.

Persistent underpayment of public workers continues to weaken state capacity and morale.

Vietnam's GDP rose 7.52% in the first six months of 2025, marking the highest mid-year growth rate since 2011, according to the General Statistics Office.