Vietnam is stepping into 2025 with a clear focus on establishing itself as a global technology hub. With projected GDP growth of 6.8% in 2024 and 6.7% in 2025, key infrastructure developments such as expressways, metro projects, and a high-speed railway are expected to propel this growth.
Bilateral trade with China is projected to reach US$200 billion in 2024, with substantial investments in high-tech and green energy sectors. Meanwhile, the UK's entry into the CPTPP is set to enhance trade opportunities with Vietnam, particularly benefiting the agriculture, textiles, and renewable energy sectors.
Vietnam's manufacturing sector continues to show resilience, with steady growth driven by domestic demand. Key localities like Danang, Vinh Phuc, and Binh Duong are advancing semiconductor projects, attracting global leaders such as Nvidia and Intel.
Nvidia, in particular, is set to establish two AI centers in Vietnam, enhancing the country's AI capabilities in healthcare, education, and finance. This move aligns with the national strategy for digital transformation and underscores Vietnam's commitment to becoming a leader in the Asia-Pacific region.
Vietnam's strategic initiatives in the semiconductor and high-tech sectors are positioning the country as a leader in sustainable technological advancements and economic growth.
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