1H25 Review and Outlook – Economy

Vietnam’s economy showed strong growth in the first half of 2025, driven by export surges and tourism recovery. However, domestic consumption remained modest due to lingering post-COVID savings issues. The second half is expected to see slower export growth but increased infrastructure activity. Key reforms under the Doi Moi 2.0 initiative are gaining traction, and while tariff negotiations with the U.S. continue, Vietnam’s FDI remains robust.

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