VIETNAM announced on Saturday its economy grew 7.52 per cent in the first half of 2025, the highest in more than a decade as exports soared.
The strong growth figure comes just days after southeast Asian manufacturing hub averted the most punishing of US President Donald Trump’s threatened “reciprocal” tariffs on its exports.
“GDP in the first six months of 2025 increased by 7.52 per cent over the same period last year, the highest level of the first six months in the period 2011-2025,” the General Statistics Office said in a statement.
The country achieved growth of 7.96 per cent in the second quarter over the same period last year, the highest Q2 reading since 2022 when it hit 8.56 per cent.
“Our country’s socio-economic performance in the second quarter and the first six months of 2025 achieved very positive results, approaching the set target in the context of many uncertainties in the world and regional economy,” the GSO statement said.
Vietnam — a global manufacturing hub — recorded economic growth of 7.1 per cent last year and is aiming for eight per cent this year as it vies for “middle-income country” status by 2030.
The nation has the third-biggest trade surplus with the United States of any country after China and Mexico, and was targeted with one of the highest rates in Trump’s tariff blitz.
Xinhua
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