In its latest Global Economic Prospects report, the World Bank (WB) has projected Vietnam’s GDP growth to reach 6.6% in 2025, reflecting a 0.1 percentage point increase compared to its October 2024 forecast. For 2026, Vietnam’s GDP growth is expected to slow slightly to 6.3%, 0.2 percentage points lower than earlier predictions. Despite this adjustment, Vietnam is anticipated to lead the region in economic growth.
The report suggests that Vietnam could outpace major economies such as Mongolia (6.1%), the Philippines (6%), Thailand (5.1%), and China (4%) in GDP growth. Overall, the WB expects the East Asia and Pacific (EAP) region’s GDP growth to decline from 4.6% in 2025 to 4.1% in 2026, largely due to China’s slowing economy.
Excluding China, however, EAP economies are forecasted to maintain a robust growth rate of 4.7% in 2026, driven by strong domestic demand. For 2024, these economies are expected to grow by 4.8%, compared to 4.3% in 2023, supported by a recovery in trade, domestic tourism, and internal consumption.
The WB identified Vietnam as a standout performer in the region, attributing its strong growth to its resilient export sector. However, the report also warned of risks that could affect economic prospects in the EAP region. These risks include global trade uncertainties, China’s economic downturn, rising geopolitical tensions, and persistent global inflation.
Climate change-induced natural disasters are another concern highlighted by the WB, as they continue to pose challenges to the region’s growth outlook.
On a global scale, the WB maintained its economic growth forecast at 2.7% for 2025 and 2026, consistent with the growth rate recorded for 2024.
| GDP (nominal) | Capital | Head of State | Head of Government | GDP (nominal) per capita | GDP (PPP) | GDP (PPP) | GDP (PPP) per capita |
|---|---|---|---|---|---|---|---|
| Vietnam | Hanoi | To Lam | Pham Minh Chinh | 433.356 | 4.316 | 1.434.211 | 14.285 |
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