HUNG YEN’S ECONOMY EXPANDS AS INVESTMENT AND INDUSTRY DRIVE 2025 GROWTH
Hung Yen posted robust economic gains in the first nine months of 2025, driven by industrial growth, record budget revenue, and a sharp rise in public and private investment. Along with this, the province's regional GDP in the first nine months of 2025 reached approximately $4.59 billion, marking on-year growth of 8.01 per cent. This places the province 16th out of 34 localities nationally in terms of growth.
VIETNAM’S 2025 TRADE FORECAST AT US$900 BILLION
Vietnam’s 2025 trade could amount to an all-time high of US$900 billion if current trade growth is maintained, according to the Ministry of Industry and Trade (MOIT). At a quarterly press briefing on October 8, Bui Huy Son, director general of the ministry’s Planning and Finance Department, said the total value of imports and exports in the first nine months rose 17.3% year-on-year to US$680.6 billion.
LIVESTOCK EXPORTS HIT $447.5 MILLION IN NINE MONTHS
Việt Nam’s livestock exports reached an estimated US$447.5 million in the first nine months of 2025, up 18.6 per cent year-on-year, according to the Ministry of Agriculture and Environment. In particular, milk and dairy products brought home $89 million, down 4.9 per cent, while meat, edible offal and by-products totalled $151 million, rising 27.4 per cent.
PEPPER EXPORTS EXCEED US$1.26 BILLION IN JAN-SEPT
Vietnam’s pepper exports reached over US$1.26 billion in the first nine months of 2025, up 27.6% in value despite a 6.9% drop in volume year-on-year, according to the Vietnam Pepper and Spice Association (VPSA). In September alone, the country exported 20,487 tons of pepper worth US$136.3 million, down 4.6% in volume and 2.5% in value compared to August.
VIETNAM RAISES 2030 GDP PER CAPITA TARGET TO US$8,500
The Government has approved adjustments to the national master plan for 2021-2030, lifting the GDP per capita target for 2030 from US$7,500 to US$8,500 under Resolution No. 306/NQ-CP. The revised plan envisions Vietnam becoming an upper-middle-income country with a modern industrial base by 2030. It aims for average annual GDP growth of over 8% during 2021-2030, compared to 7% in the previous plan.
RETAIL, SERVICE REVENUE PUT AT OVER VND5.17 QUADRILLION IN JAN-SEPT
Vietnamese consumers spent over VND5.17 quadrillion on goods and services in the first nine months of this year, up 9.5% year-on-year, according to the National Statistics Office. The strong growth was driven by rising domestic consumption during major holidays and a surge in international tourist arrivals. Excluding price factors, retail sales of consumer goods and services still rose a solid 7.2%, indicating an improvement in consumption.
FOREIGN INVESTMENT DISBURSEMENT REACHES FIVE-YEAR HIGH IN FIRST NINE MONTHS
Foreign investment disbursement totalled US$18.8 billion in the first nine months of this year, marking an 8.5 per cent increase compared to the same period in 2024, according to the Ministry of Finance's National Statistics Office (NSO). The figure represents the highest disbursement level in five years, reflecting the sustained confidence of foreign investors in Việt Nam’s economic prospects and its efforts to improve the investment environment.
VIETNAM SEES NEWLY ESTABLISHED ENTERPRISES SURGE IN SEPT
The number of newly established businesses in September rose by 49.8% year-on-year, with registered capital and employment also increasing by 78.6% and 53.9%, respectively.Data from the National Statistics Office showed 16,800 new businesses were founded last month, with total registered capital of VND165.7 trillion and 97,000 workers.
