Viet Nam's economy is projected to experience growth of 6.8 percent in 2025 and 6.5 percent in 2026, as reported by the World Bank in its latest economic update titled "Taking Stock." The report indicates that a rebound in exports, driven by global demand for technology products, supported growth in 2024, but the pace is expected to decelerate this year due to uncertainties such as slower-than-expected global growth and trade disruptions.
Foreign direct investment inflows are expected to remain stable at around $25 billion disbursed, showcasing Viet Nam's ongoing appeal to international investors. Additionally, increased public investment and a quicker recovery in the real estate market could support domestic demand amidst external risks.
The report advises strategies for sustaining growth amid uncertainties. These include increasing public investment, addressing financial sector vulnerabilities, strengthening energy resilience, and advancing structural reforms. Mariam J. Sherman, World Bank Director for Viet Nam, Cambodia and Lao PDR stated: “Viet Nam is projected to maintain robust economic growth over the next two years, but it can use its fiscal space to better prepare for heightened uncertainties.”
The report also focuses on Viet Nam's efforts towards e-mobility with an aim to create a greener transport sector and reduce local air pollution. Transport was responsible for 32.9 million tons of CO2-equivalent emissions in 2021 or 7.2 percent of the country's total greenhouse gas emissions. The transition to electric vehicles (EVs) could potentially lower net emissions by 2.2 million tons of CO2e by 2050 while creating up to 6.5 million jobs particularly in battery manufacturing and charging infrastructure development.
To accelerate EV adoption especially among two-wheelers, recommendations include implementing safety standards, incentivizing high-performance batteries adoption, expanding charging stations and battery-swapping facilities, and providing affordable financing options.
"Taking Stock" serves as the World Bank’s biannual economic assessment on Viet Nam offering insights into the nation's economic outlook along with strategic guidance for sustained growth.