Latest Vietnam economic data shows rising credit risk, significant tariff exposure

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Press Release

Ho Chi Minh City, Vietnam - July 12, 2025

Independent business publication the-shiv has published a comprehensive analysis of Vietnam’s economic performance in the first half of 2025, offering readers a detailed breakdown of the country’s growth drivers and underlying dynamics.

According to the National Statistics Office, Vietnam’s GDP growth reached 7.52 percent in the first half of 2025, marking its strongest start since 2011.

In the second quarter alone, GDP rose 7.96 percent year-on-year.

The report highlights that growth has been driven primarily by manufacturing and domestic consumption and has been underpinned by significant levels of private credit.

While headline numbers remain strong, the-shiv notes that this reliance on credit introduces risks that could make it difficult to sustain current growth rates moving forward.

The analysis also points out that economic expansion in recent years has shifted focus from exports to domestic factors such as consumption and asset accumulation.

Meanwhile, sectors like processing and manufacturing continue to act as core growth pillars.

With Vietnam’s economic momentum at its highest point in over a decade, the-shiv’s latest analysis provides important context for investors and businesses navigating the country’s evolving market landscape.

Read the full analysis: https://the-shiv.com/vietnams-h12025-gdp-growth-key-drivers-rising-risks/

Notes to editors

About the-shiv the-shiv is an independent business and economic publication providing data-driven insights and clear analysis on Vietnam and ASEAN markets.

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