A sustainable foundation for investment

Addressing the Techcombank Investment Summit 2025 in Hanoi, Deputy Prime Minister Ho Duc Phoc reaffirmed the government’s strong commitment to supporting domestic and foreign investors by creating a transparent and fair investment environment.

He outlined Vietnam’s strategic economic development goals, aiming to restructure and accelerate growth to achieve high-income status by 2045. Important institutional reforms are underway, including four key Politburo resolutions on private sector development, international integration, technological breakthroughs, and legal reforms. In addition, 28 laws have been amended to attract resources, simplify administrative procedures, and ensure fair competition.

According to the Deputy PM, Vietnam’s macroeconomic management has proven stable and flexible amid global volatility. In the first half of 2025, the country’s GDP grew 7.52%, a high rate regionally, with a full-year target of 8% and ambitions to reach 10% by 2030. These figures reflect the government’s effective policies to build an attractive and transparent investment environment.

Moreover, the country is accelerating infrastructure investment, with the first phase of the world-class Long Thanh Airport being inaugurated. Key projects like the Lao Cai–Hai Phong expressway and the Hanoi–Ho Chi Minh City high-speed railway are set to launch, highlighting the country’s commitment to long-term growth.

Analysing the key drivers behind Vietnam’s ability to attract sustainable investment, Dr. Tamara Henderson, senior economist at Bloomberg underscored the importance of confronting challenges and enacting critical reforms to develop sustainably. He pointed out three main factors reshaping the global landscape, namely climate change, economic protectionism, and the technological boom.

Dr. Henderson stressed the need for stronger reforms in education and vocational training to capitalize on demographic dividends and enhance competitiveness in the digital economy. She commended Vietnam’s flexible government management in maintaining macro stability and long-term development direction amid supply chain, capital flow, and global consumption changes.

A new driver of growth

With favourable policies, the private sector is emerging as a key driver of growth, innovation, and investment attraction.

Techcombank CEO Jens Lottner noted that maintaining optimism and bold vision is essential for Vietnam to realise its ambitious growth goals. He emphasised that Vietnam has the potential to achieve 10% economic growth if it fully capitalises on its key strengths, including a young population, a solid foundation for digital transformation, and a strong commitment to restructuring the economy toward high-tech industries.

Traditional economic sectors like real estate and raw exports still matter, but Vietnam needs to pivot toward a digital economy powered by innovation, data, and technology. New legal policies are enabling stronger private sector and tech involvement in economic development, he suggested.

Vietjet Air Chairwoman Dr. Nguyen Thi Phuong Thao, chairwoman of VietJet Air, highlighted the private sector’s role in Vietnam’s progress, with companies like Sovico, Vietjet, and HDBank aspiring to make Vietnam a regional economic hub.

She described present-day Vietnam as dynamic, innovative, fast-growing, deeply integrated, and vigorously reforming - a golden time to invest in Vietnamese private enterprises building a sustainable and prosperous future. She cited IPO investors in Vietjet and HDBank who have seen their asset values grow 4.5 to 5 times.

She proposed measures to enhance investment appeal, by maintaining macro stability, reasonable interest rates, and developing bond markets, digital credit, and green capital, with a focus on future sectors like AI, blockchain, the circular economy, and “Make in Vietnam” technology.

“This is a golden time to invest in Vietnamese private enterprises, who are helping to build a sustainable, humane, and prosperous future,” she said.

Source: VOV