THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Viet Nam’s GDP growth projected to be highest among SEA-6 group in next decade
VGP - Viet Nam is projected to achieve an average annual growth rate of 6.2 percent over the 10 years through 2035, highest among Southeast Asia's six largest economies (SEA-6), according to a report released by Bain & Company, DBS Bank and Vriens & Partners.
SEA-6, including Indonesia, Malaysia, the Philippines, Singapore, Thailand and Viet Nam, are projected to grow by an average of 4.8 percent annually between 2026 and 2035.
The report noted that the SEA-6's growth will be supported by sustained foreign investment and capital formation, continued industrialization and infrastructure development, as well as productivity gains from technology adoption.
Resilient domestic consumption and favorable demographics in several of the larger economies will provide further impetus.
It highlighted that Viet Nam grew by 7.5 percent over the two-year period. Singapore, Malaysia and Vietnam outperformed the regional average, supported by AI-linked semiconductor demand, manufacturing exports and investment momentum.
Viet Nam's economic growth is supported by FDI attractiveness and capacity to address constraints. Unlike other SEA-6 economies, Viet Nam captures FDI from both U.S.- and Chinese-aligned supply chains, it emphasized.
Viet Nam's economy expanded by 8.18 percent in the first six months of 2026, marking a significant acceleration from the 7.63 percent growth recorded in the same period last year, the National Statistics Office announced.
GDP grew by an estimated 8.39 percent year-on-year in the second quarter, reflecting broad-based momentum across the economy.
This is the highest Q2 growth rate since 2011.
In 2026, the Vietnamese Government set a double-digit growth target, striving for GDP growth of at least 10 percent./.