Vietnam has potential to reshape Southeast Asia’s economic rankings: Foreign media

Vietnam has potential to reshape Southeast Asia’s economic rankings: Foreign media

Recently, foreign media have shared positive sentiment on Việt Nam's economic prospects, praising the country's impressive growth as it moves toward becoming a top economy in Southeast Asia.

Reuters reported that Việt Nam's economy expanded by 8 per cent in 2025, accelerating from the previous year. The country is a key link in global supply chains for electronics, textiles, footwear and a wide range of other products.

Last year's growth was underpinned by robust domestic consumption and increased government spending on infrastructure, as Việt Nam seeks to rebalance its growth model and reduce excessive reliance on exports.

Bloomberg commented that Việt Nam has maintained its position as one of the world's fastest-growing economies, supported by strong lending policies, state backing, a weaker currency, and a boom in the tourism sector.

Meanwhile, AFP noted that Việt Nam has long been regarded as a success story among Asian economies.

The country's economy has demonstrated resilience on the back of robust domestic consumption, rising business investment and public spending. Growth in 2025, the agency said, reflects the nation's solid economic fundamentals and the Government's continued pro-private sector orientation.

Free Malaysia Today pointed out that Asian economists have paid particular attention to Việt Nam's announcement of 8 per cent economic growth in 2025. Its experience has become a useful benchmark and an important lesson for other countries.

According to the newspaper, the country's strong performance in 2025 reflects four "interlocking dynamics".

Exports continued to serve as the main pillar of growth, while the country further consolidated its position as a global manufacturing hub. At the same time, rising domestic demand, especially household consumption and investment, provided a significant boost to overall economic momentum.

In addition, strategic adaptability in trade and investment policies enabled Việt Nam to effectively withstand external shocks, with tariff pressures accelerating diversification into new markets and sectors.

It also assessed that Việt Nam's growth accomplishment was "not a miracle, but the result of methodical economic positioning that transformed vulnerabilities into engines of expansion."

The McGill International Review (MIR) of Canada has published an analysis noting that despite structural challenges, Việt Nam's current economic strategy has delivered genuinely impressive growth momentum, positioning the country as a strong contender for the title of an "Asian tiger cub."

According to the article, Việt Nam is entering the 7-10 per cent growth range once achieved by the Asian tigers at the height of their industrialisation, underscoring the country's rising stature in the regional and global economic landscape.

China Daily praised the country's ongoing reforms and transformation, noting its impressive growth on the road to becoming a top economy in Southeast Asia with an expanding global presence, despite tariff challenges.

The paper called its 2025 growth of over 8 per cent a milestone, making the nation a standout amid ongoing global uncertainty.

According to the newspaper, the country is expected to surpass Thailand as ASEAN's third-largest economy by 2026 or 2027. By 2030, its economic position will likely be shaped by its shift toward a high-middle-income status. 

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