PRIVATE SECTOR TOUTED AS KEY DRIVER OF ECONOMIC GROWTH IN VIETNAM
The private sector is seen as the most important engine of Vietnam’s economy in draft documents for the 14th National Congress of the Communist Party of Vietnam, according to Prime Minister Pham Minh Chinh. Speaking at a national conference on April 16, Chinh highlighted updates in the draft political report, which lays out priorities for the country’s socio-economic development from 2026 to 2030.
DOMESTIC MOTORCYCLE MARKET BREAKS THROUGH IN Q1 OF 2025
The local motorcycle market is experiencing a significant recovery in the first quarter of 2025, with sales surpassing 673,000 units, reflecting an impressive increase of 11.48 per cent compared to the same period last year. A total of 673,055 motorcycles were sold in the first three months of 2025, signalling a rebound after a period of stagnation.
CHINA TO INCREASE FARM IMPORTS FROM VIETNAM
General Secretary of the Communist Party of China and President of China Xi Jinping said on Monday that China is willing to boost the import of Vietnamese agricultural products and support high-quality Chinese investment in Vietnam. Xi made the remarks during his meeting with Vietnamese Prime Minister Pham Minh Chinh in Hanoi on April 14, as part of his April 14-15 state visit to Vietnam on the occasion of the 75th anniversary of diplomatic relations between the two countries.
TOTAL REGISTERED FOREIGN INVESTMENT INTO VIETNAM UP BY 34.7% IN Q1
As of March 31, 2025, total registered foreign investment into Vietnam, including new registrations, capital adjustments, and capital contributions/share purchases, reached 10.98 billion USD, marking a 34.7% increase compared to the same period in 2024.
VIỆT NAM, CHINA ENHANCE BUSINESS CONNECTIVITY
In the first quarter of 2025, bilateral trade between Việt Nam and China reached US$51.2 billion, up 17.5 per cent year-on-year. China remains Việt Nam’s largest trading partner, while Việt Nam is among China's top six trading partners globally. Cooperation between Việt Nam and Chongqing has also seen positive developments, supported by strategic agreements at the central level and enhanced by trade infrastructure such as the Việt Nam–Chongqing–Europe rail corridor.
VIỆT NAM'S TRADE SHINES AS A PILLAR OF ECONOMIC GROWTH
Việt Nam's trade sector remains a key driver of economic growth, with total import-export turnover reaching an impressive US$163 billion as of March 15, up 12 per cent year-on-year. This robust performance, representing an increase of $12 billion compared to the same period last year, underscores the sector’s resilience amid ongoing global economic uncertainty.
AUTO SALES JUMP 47% IN MARCH
Vietnam’s auto market posted a strong performance in March, with total sales surging 47% over February to 31,750 units, according to the Vietnam Automobile Manufacturers Association (VAMA). Sales of locally assembled vehicles reached 14,887 units, up by 35% month-on-month, while vehicle imports soared by a robust 60% to 16,863 vehicles. This is one of the rare occasions where imported car sales outpace those of domestically assembled models.
VIETNAM HOLDS FIRM ON 2025 GDP GROWTH TARGET OF 8% OR HIGHER
The Government of Vietnam has reaffirmed its commitment to achieving a GDP growth rate of 8% or higher in 2025, with a strong focus on macroeconomic stability and restructuring. The Government on April 10 issued Resolution No. 77/NQ-CP in this regard following the monthly cabinet meeting for March and a teleconference with provincial authorities.
