The socio-economic outcomes achieved in 2025 and across the 2021–2025 period present a picture of robust and resilient growth. According to the General Statistics Office under the Ministry of Finance, GDP expanded by 8.02 per cent in 2025 compared with the previous year, among the highest growth rates recorded in more than a decade. The size of the economy reached approximately US$514 billion, while GDP per capita surpassed US$5,000, placing Việt Nam firmly in the group of upper-middle-income countries.

Notably, average GDP growth during 2021–2025 stood at around 6.3 per cent, higher than in the previous term and among the fastest-growing rates in the region and globally. Amid heightened volatility in the global economy, these results underscore the soundness of the Party’s leadership and the State’s flexible and effective governance.

The reorganisation of provincial- and commune-level administrative units has opened up new development space, enabling many localities to better fulfil their role as engines of growth. Five key localities, Hồ Chí Minh City, Hà Nội, Hải Phòng, Đồng Nai and Bắc Ninh, accounted for more than 55 per cent of national growth. Hà Nội alone recorded GRDP growth of 8.16 per cent in 2025, with total budget revenue exceeding VNĐ704 trillion, up more than 37 per cent, the highest level seen in many years.

The year 2026 is identified as the first year of implementing the Resolution of the 14th National Party Congress, ushering in a new development era with ambitious goals. Draft documents for the Congress set targets of average GDP growth of 10 per cent or more per year during 2026–2030, GDP per capita of around US$8,500 by 2030, and a digital economy accounting for roughly 30 per cent of GDP.

To achieve these objectives, the coordinated and effective implementation of the Politburo’s pillar resolutions is identified as a central task of the entire political system.

Resolution 68 clearly affirms the private economy as the most important driving force of the national economy. In practice, 2025 saw clear positive impacts, with an average of more than 18,000 newly established enterprises each month and over 11,000 enterprises resuming operations. For the whole year, an estimated more than 300,000 enterprises were newly established or reactivated, with total registered capital exceeding 6 quadrillion đồng.

At the same time, the approach of using public investment to lead and activate private investment continued to prove effective. In 2025, the country commenced and completed 564 projects and works with total investment of over VNĐ5.14 quadrillion, of which private capital accounted for nearly 75 per cent. This is vivid evidence of the policy of mobilising and effectively using all social resources for development.

Alongside Resolution 68, Resolution 57 identifies science and technology, innovation and digital transformation as strategic breakthroughs and the primary drivers of national modernisation. In 2025, this sector recorded growth of around 7.5 to 8 per cent, the highest since 2013, indicating that major policies are gradually taking effect in real life.

From a macro-policy perspective, Nguyễn Tất Thái, Deputy Director of the Department for Forecasting, Statistics and Monetary and Financial Stability at the State Bank of Việt Nam, noted that the banking sector has been translating the orientations of Resolutions 57 and 68 into a coherent and comprehensive system of financial and credit policies.

Maintaining macroeconomic stability, controlling inflation and ensuring a stable monetary market are essential prerequisites for enterprises to commit to long-term investment in science and technology. In parallel, the State Bank has rolled out controlled pilot mechanisms in the banking sector, promoted digital transformation, digital banking and cashless payments, and prioritised credit flows to the private sector.

By the end of 2025, outstanding credit to the private sector accounted for more than 92 per cent of total outstanding credit across the economy. Preferential credit programmes targeting strategic infrastructure and technology are playing an increasingly important role in mobilising substantial resources for long-term development.