International media gives positive assessments of Viet Nam’s economic prospects

In May 2026, a number of international media outlets continued to express positive assessments of Viet Nam’s socio-economic development prospects and growing international standing.

According to the Authority of Grassroots Information and External Information under the Ministry of Culture, Sports and Tourism, international media coverage in May 2026 generally reflected optimistic and positive views on Viet Nam’s socio-economic development and international position.

Viet Nam meets key criteria of the classic “Asian tiger” model

Throughout May 2026, many international news agencies continued to publish favourable assessments of Viet Nam’s economic outlook, highlighting the country’s increasingly prominent role in the region.

On May 18, Malaysia’s Edge Malaysia commented that Viet Nam is fulfilling all major criteria associated with the classic “Asian tiger” model. Foundations such as a high domestic savings rate, strong foreign direct investment (FDI) inflows and export-oriented industrialisation are generating notable growth momentum for the Vietnamese economy.

The article also noted that Viet Nam’s export structure is shifting toward a higher proportion of manufactured and high-tech products, alongside the presence of major global technology corporations, thereby strengthening the country’s role in global supply chains. According to the outlet, “Viet Nam has now become an important link in the global supply chain with the presence of many major technology corporations.”

Edge Malaysia also pointed to the growing role of the private economic sector, demographic advantages stemming from a young workforce, and Viet Nam’s long-standing fiscal discipline as key factors underpinning long-term growth. In particular, public debt at 32.9% in 2024 was viewed as contributing to macroeconomic stability and creating room for further growth.

Sharing a similarly positive perspective, Gulf News reported on May 6 that Viet Nam is solidifying its position as one of Southeast Asia’s most dynamic economies. The country has continuously recorded impressive growth milestones while emerging as a globally attractive hub for manufacturing, trade and tourism. With GDP growth reaching 8.2% in 2025, the highest in ASEAN, Viet Nam is seen as accelerating its path toward becoming a modern industrialised and high-tech nation.

The article stated that one of the key drivers behind Viet Nam’s rise is its strategy of deep integration into global supply chains under the “China + 1” trend. Thanks to an increasingly improved investment climate and competitive manufacturing advantages, Viet Nam attracted around USD 38 billion in FDI in 2024.

According to the 2026 Asia Manufacturing Index, Viet Nam ranked among the three most promising manufacturing hubs in Asia, supported by competitive labour costs, an extensive FTA network and a favourable geographical location. The article also praised the robust growth momentum of Viet Nam’s tourism sector in 2025. In addition, agriculture continued to affirm its role as a pillar of the economy, with Viet Nam remaining one of the world’s leading exporters of rice, coffee and seafood products.

Tourism and e-commerce continue to generate new growth momentum

In addition to manufacturing and investment, foreign media outlets also acknowledged positive developments in Viet Nam’s service sectors, particularly tourism and e-commerce.

US-based Travel and Tour World reported on May 2 that Viet Nam’s tourism industry continued to achieve remarkable results, welcoming 6.76 million international visitors in the first quarter of 2026. According to the article, Viet Nam surpassed the threshold of 2 million international arrivals per month for three consecutive months. This milestone was described as demonstrating the tourism sector’s strong recovery and growth trajectory.

The article attributed Viet Nam’s tourism appeal to various factors, including a safe and stable environment, the friendliness and hospitality of its people, as well as advantages in natural landscapes, rich cultural heritage and reasonable travel costs. These factors have helped Viet Nam increasingly affirm its status as a dynamic destination on the regional tourism map.

The article also noted that strategic government initiatives, efforts to upgrade infrastructure and the ability to provide diverse tourism experiences are important factors enabling Viet Nam’s tourism industry to maintain its growth momentum.

Meanwhile, the e-commerce sector continued to be viewed by international media as a bright spot in Viet Nam’s digital economy. US-based Spherical Insights reported on May 12 that in the first quarter of 2026, the gross merchandise value generated on major e-commerce platforms in Viet Nam reached nearly VND 148.6 trillion, equivalent to USD 5.64 billion, up approximately 47% year-on-year. Total transaction volume reached 1.14 billion products, an increase of around 20%.

According to the article, these figures demonstrate the continued strong growth of online consumer trends in Viet Nam, reflecting the increasingly extensive development of the country’s digital economy.

Spherical Insights assessed that the rapid expansion of Viet Nam’s e-commerce market is accompanied by higher requirements in terms of quality, compliance and competitiveness, indicating that the sector is entering a more stable and sustainable stage of development.

High technology raises expectations for a new position

Another notable topic highlighted by international media was Viet Nam’s prospects in high-tech industries, particularly semiconductors and digital assets.

Japan’s Nikkei Asia reported on May 13 that amid intensifying global competition for technology talent, US semiconductor company Qualcomm is expanding its research and development operations in Viet Nam. According to the article, this move reflects Viet Nam’s growing role in the technology development strategies of international corporations.

Australia’s The Interpreter commented on May 15 that Viet Nam is aiming to become a global semiconductor hub and is attracting attention from governments and technology enterprises worldwide. Viet Nam considers innovation and digital transformation as “golden keys” to unlocking a new stage of development.

According to The Interpreter, Viet Nam’s “chip diplomacy” is being implemented in a flexible and skilful manner, helping create favourable conditions for the realisation of its development goals. The article also noted that Viet Nam’s strategy is guided by relatively clear and coordinated objectives aimed at building a semiconductor ecosystem.

In another area of the digital economy, Dubai-based Coin Edition reported on May 13 that Viet Nam is moving toward integrating digital assets into the financial system, thereby contributing to digital economic development and strengthening its regional position by 2030 and beyond. The article also mentioned plans to launch a regulated digital asset and cryptocurrency market in the third quarter of 2026.

According to the article, this move is expected to help accelerate digital transformation, support the integration of digital assets into the financial ecosystem and enhance Viet Nam’s standing in the digital asset sector in Southeast Asia.

Source: MOIT