Vietnam's economic momentum reflected in new income status
Hanoi, July 6 -- The World Bank's decision to classify Vietnam as an upper-middle-income country after its gross national income (GNI) per capita reached 4,970 USD in 2025 stands as a significant milestone in the country's development journey, reflecting sustained economic progress while also highlighting the need for deeper reforms to achieve high-income status. Between 2021 and 2025, Vietnam's GNI recorded average annual growth of around 10%, underscoring the economy's strong momentum. According to the WB, this performance was driven primarily by a robust recovery in exports, which expanded by more than 15% during 2024-2025, and by the country's ability to sustain strong GDP growth of 7% and 8% in two consecutive years. Dr. Le Duy Binh,...
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