Business News

Quang Ninh posted gross regional domestic product (GRDP) growth of 11.89%, while Haiphong gained growth of 11.81%. Both exceeded the national average as six localities reported double-digit expansion. Vietnam’s gross domestic product rose 8.02% in 2025 from a year earlier. At the local level, GRDP growth ranged from 5.84% to 11.89%, showing wide divergence across regions.

Vietnam’s total import-export turnover reached a record high of more than US$920 billion last year, up 16.9% year-on-year, lifting the country into the world’s top 15 trading economies, Nguyen Anh Son, director general of the Agency of Foreign Trade under the Ministry of Industry and Trade, said. The achievement highlighted the crucial role of external trade in driving economic growth and underscored Vietnam’s deepening integration into global value chains, Son said in an interview with Tuoi Tre newspaper.

Exports began to recover from June 2025 as durian shipments resumed. Growth accelerated between August and October during the peak harvest season in the Central Highlands, helping the sector regain momentum. Alongside durian, exports of bananas, mangoes and jackfruit posted steady gains, while pomelo and coconut emerged as new growth drivers.

Vietnam’s retail market is estimated to have reached US$269 billion in 2025, up 9–10% year-on-year, reflecting a clear recovery in domestic consumption and continued rapid growth in e-commerce, according to the Ministry of Industry and Trade. The estimate was released in the Vietnam Domestic Market Report 2025 by the Department of Domestic Market Management and Development, which reviews market performance and outlines prospects for the 2025–2030 period.

Hanoi City reported record-high state budget revenue of VND704.6 trillion in 2025, up more than 37% from the previous year, according to the city’s official portal. This marked the first time the capital’s annual budget revenue surpassed the VND700-trillion mark. The figure also exceeded the assigned estimate by more than 37%, making Hanoi the second-largest budget contributor nationwide after HCMC, which collected over VND800 trillion.

Vietnam’s economy expanded by 8.02% in 2025, marking the second-fastest growth rate in the 2011–2025 period, driven mainly by services and industrial production, official data showed on January 5. According to the National Statistics Office under the Ministry of Finance, gross domestic product (GDP) grew 8.46% year-on-year in the fourth quarter of 2025, the strongest quarterly performance since 2021. 

HCMC recorded total budget revenue of VND800.043 trillion by December 31, 2025, maintaining its position as Vietnam’s top revenue contributor. According to the HCMC Department of Finance, the figure exceeded the central government’s target by 19.1% and the city People’s Council’s estimate by 14.7%. Hanoi ranked second with VND704.579 trillion in revenue, the Vietnam News Agency reported.

Vietnam’s economy saw a series of landmark developments in 2025, from major policy decisions and administrative reforms to infrastructure milestones and the establishment of an international financial center. These events, highlighted in a year-end review by Kinh Te Saigon Online, have laid the groundwork for stronger, more resilient growth in the years ahead.