Business News

Speaking at a roundtable with 16 leading European corporations in Hanoi on March 2, the prime minister outlined ambitious goals, including achieving GDP growth of 8% or higher this year and reaching double-digit growth in the coming years, as part of a broader vision to transform Vietnam into a high-income developed nation by 2045.

Vietnam has once again proven its appeal as a global travel hotspot, with multiple destinations earning prestigious accolades in the 2025 Travelers’ Choice Awards Best of the Best by Tripadvisor, the world’s leading online travel platform.

Real estate investors, both individual and institutional, are redirecting investments from downtown to suburbs and neighboring regions, capitalizing on available land and strong infrastructure growth.

The government has made several decisions relating to the development of economic zones (EZs). In mid-January, Deputy Prime Minister Tran Hong Ha signed off on the Ninh Co EZ in the northern province of Nam Dinh. The complex, covering 14,000 hectares and situated across Nghia Hung and Hai Hau districts, aims to become a comprehensive and multi-functional coastal complex.

2025 will serve as a crucial foundation year for the real estate sector in HCM City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, expert predicted.

The Vietnamese government is demonstrating a high determination in promoting public investment, focusing on numerous strategic infrastructure projects that connect economic centres. This will serve as an important launching pad for Vietnam to enter a new era – the era of the nation’s rise, according to HSBC.

Vietnamese commercial banks are optimistic about their 2025 profit targets, with many expecting increases of 20 per cent to 30 per cent due to anticipated robust economic growth and a resurgence in credit activity.

The domestic real estate sector is poised for a substantial profit increase in 2025, fuelled by a more optimistic macroeconomic outlook and an expected rise in new supply as companies finalise legal procedures for upcoming projects.