ANN/VIETNAM NEWS

Vietnam’s GDP grew by 7.52 percent in the first half of 2025 compared to the same period last year, the highest H1 growth rate recorded in 14 years, according to the Ministry of Finance’s National Statistics Office (NSO).

In addition to robust GDP growth, the economy also set records across several key economic indicators during the first six months of the year, the office said.

General Statistics Office Director Nguyễn Thị Hương said the global situation in the first half of 2025 remained complex and difficult to forecast, especially due to US tariff policies and responses from other countries.

Rising geopolitical instability and escalating military conflicts across several nations had adversely affected global economic growth. Consequently, many international organisations had downgraded their global growth forecasts for 2025 from earlier projections, Hương said.

Amid these challenges, Vietnam’s 7.52 percent GDP growth stood out as a bright spot, demonstrating the economy’s enduring resilience.

Speaking at a press conference in Hà Nội on July 5, Hương said that the strong economic performance reflected the determination, coordinated efforts, and decisive actions of the entire political system in managing and advancing socio-economic development amid ongoing regional and global uncertainties.

Dr Võ Trí Thành, an economist, attributed the optimistic economic results in the first half of the year to unprecedented administrative reforms as a key driver.