Brian Jeffrey
The early days of 2025 usher in a transformative time for Vietnam, characterized by significant progress and development.
With sustained momentum from economic successes, ambitious infrastructure improvements, and a clear national agenda, the country is poised for remarkable advancements.
In 2024, Vietnam’s economy showcased its resilience, achieving a remarkable growth rate of 7%, marking it as one of the leading economies globally.
This accomplishment underscores a unified national effort, propelled by smart development strategies and the tenacity of its citizens.
The nation is also experiencing a crucial political overhaul, creating a more effective government to meet the needs of an evolving society.
Significant infrastructure initiatives, such as Long Thanh International Airport, the North-South Expressway, high-speed trains, Can Gio seaport, and the Ninh Thuan Nuclear Power Plant, are progressing, signaling Vietnam’s commitment to modernization and competitiveness on the world stage.
Vietnam has truly emerged as a key player in the global economy, nurturing a skilled workforce ready for Industry 4.0 while attracting substantial investments across various sectors to ensure sustainable advancement.
This rapid growth reflects a national spirit of unity and resilience, a historical trend evident from past struggles against colonialism to achieving independence.
Vietnam’s diplomatic presence is growing, having forged relations with nearly all UN nations, while maintaining neutrality in international disputes.
These outcomes are earned, rooted in a long-standing national identity and a dedication to justice. The guiding principle of “using virtue to overcome brutality” remains central to Vietnam’s history and its ongoing success.
The new Vietnamese era focuses not only on maintaining prior achievements but also on proactively shaping the future. The country is committed to building its own digital technologies and ecosystems as a part of Industry 4.0.
Vietnam is shifting its identity from merely being a manufacturing center to becoming a leader in advanced industries, including rare earth and tungsten processing, semiconductor manufacturing, and nuclear energy.
During the 13th Central Committee Conference on January 23, 2025, General Secretary To Lam shared an ambitious forecast for Vietnam’s economic growth, envisioning double-digit GDP increases ahead.
While such aspirations may have seemed far-fetched in the past, the impressive 7% growth rate of 2024 indicates that these targets are attainable.
Diverse investments are shaping Vietnam’s economy today. While foreign direct investment (FDI) continues to be significant, the rising influence of domestic companies is equally noteworthy. Major Vietnamese firms and state-led ventures—like Viettel, the Ninh Thuan Nuclear Power Plant, and high-speed rail projects—are paving the way for economic independence. Additionally, offshore oil drilling, rare earth mining, and internal industrial production are ensuring the nation’s economic viability for the long term.
As Vietnam advances into 2025, its priorities are clear: fostering innovation, self-reliance, and global integration. The aspiration to stand alongside the world’s top economies, first envisioned by President Ho Chi Minh, is now within reach. It is becoming a reality founded upon resilience, vision, and determination.
Vietnam is not just a player in the global economy anymore; it is a rising force, eager to make a meaningful impact on the international stage.
