The world faces many uncertainties emerging in 2025, due to the official shift from a unipolar to a
\nmultipolar model. On the US side, President Trump takes office and promotes many solutions aimed at
\naddressing America’s intrinsic problems; however, these solutions have a profound and powerful
\nimpact on all countries in the world, not just the United States. Meanwhile, China emerges as a pole
\nopposing the US, with high stability as well as a solid foundation in science, technology, and society.
\nNevertheless, both the US, China, and many other countries in the world also have their own internal
\nissues and need more time to resolve them thoroughly.
\nVietnam achieved positive economic growth results in 2025 with a milestone of 8.02%, creating
\nmomentum for a more ambitious plan in 2026-2030. Specifically, in 2026 Vietnam sets a high GDP
\ngrowth target, above 10%. We assess that Vietnam has a high likelihood of achieving this growth
\nmilestone if domestic policies as well as the international situation develop stably and favorably.
\nNevertheless, due to changes in leadership terms, and at the beginning of this year the State Bank of
\nVietnam exercising a certain degree of caution in monetary policy, coupled with the complex geopolitical
\ndevelopments as analyzed, there is also a possibility that this year’s growth will reach a lower level.
\nOverall, we believe the probability is about 50% for growth in the range of 10-10.5%, 40% for 8-8.5%,
\nand 10% for only 6.5-7%.
\nNevertheless, some growth drivers and stabilizers from the recent period are showing signs of slowing
\ndown, requiring deep, fundamental reforms for the Vietnamese economy. Vietnam’s challenge will lie in
\nskillfully managing to maintain the speed while being able to steer the economy and finance toward a
\nmore advanced model with higher added value, moving up to higher rungs in the international supply
\nchain.<\/p>\n","protected":false},"author":31,"featured_media":0,"template":"","cate_research":[70],"specialized":[],"class_list":["post-34911","research","type-research","status-publish","hentry","cate_research-macro-market-report"],"yoast_head":"