Vietnam’s GDP ranks 32nd globally, per capita income rises sharply

Vietnam’s gross domestic product (GDP) reached US$514 billion in 2025, up 1.48 times from 2020, placing the country 32nd worldwide and fourth in ASEAN.

The information was released at a national conference on the implementation of the 14th National Party Congress’s Resolution, during a review of five years of the 2021–2030 Socio-Economic Development Strategy and preparations for the 2026–2030 development plan.

Vietnam’s GDP ranks 32nd globally, per capita income rises sharply -0
Vietnam’s GDP ranks 32nd globally, per capita income rises sharply

It’s reported that during 2021–2025, Vietnam maintained overall macroeconomic stability, with inflation kept under control and major economic balances safeguarded. Public debt, government debt and external debt remained well below warning thresholds.

Monetary, fiscal and other macroeconomic policies were implemented in a coordinated and flexible manner, strengthening market confidence and supporting sustainable growth.

Notably, Vietnam’s economy recorded an average GDP growth rate of about 6.2% per year over 2021–2025, with growth in 2025 at 8.02%. GDP expanded from US$346.6 billion in 2020 to more than US$514 billion, lifting Vietnam five places in global economic rankings.

GDP per capita in 2025 was around US$5,026, up from US$3,552 in 2020. Gross national income (GNI) per capita rose from US$3,400 to approximately US$4,750, marking Vietnam’s approach toward upper-middle-income economy status.

The country’s merchandise trade continued to expand, hitting US$920 billion in 2025, up 16.9% year on year, ranking the country 20th globally, with a sustained trade surplus. Energy and food security were maintained.

State budget revenue averaged about 18.7% of GDP during 2021–2025, while the budget deficit was kept at around 3.1% of GDP. Public debt was maintained at 34.4% of GDP by end-2025, well below the statutory ceiling. Total social investment accounted for around 33% of GDP, meeting set targets.

Despite severe impacts from the COVID-19 pandemic and a challenging global environment, Vietnam sustained positive growth during 2020–2021 and rebounded strongly in 2022 with 8.54% growth, emerging as a global economic bright spot.

The achievements during 2021–2025 underscore Vietnam’s rising economic scale, improving quality of growth and strengthened international standing, providing a solid foundation for sustained development in the 2026–2030 period and beyond.

VOV

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.