Vietnam’s Prime Minister Pham Minh Chinh has outlined an ambitious plan to position Vietnam as Southeast Asia’s leading economic hub by 2030. Speaking at a roundtable with European corporations, he highlighted the country’s strong economic growth, with GDP reaching $476.3 billion in 2024 (a 7.09% increase) and GDP per capita rising to $4,700. The government aims for 8% GDP growth in 2025, with hopes of achieving double-digit growth in the following years.
To achieve these goals, Vietnam is focusing on attracting high-quality investments in high-tech sectors such as semiconductor manufacturing, artificial intelligence, and green energy. The country is leveraging the global shift of production away from China to become a key destination for foreign investors. Additionally, infrastructure projects like the East–West Economic Corridor are being developed to enhance connectivity and trade within the Greater Mekong Subregion.
Vietnam is also committed to maintaining a stable business environment to attract European enterprises. Bilateral trade between Vietnam and the EU reached $68.5 billion in 2024, a 16% increase from the previous year. The EU is Vietnam’s fourth-largest trading partner and fifth-largest investor, with total investments of $30.4 billion.
Investment in human capital and infrastructure is another key priority. The government has made significant progress in education and public infrastructure, ensuring access to essential services like electricity, water, and the internet. These efforts have helped attract major multinational corporations, including Samsung and Intel, to establish manufacturing operations in Vietnam.
Through these strategies, Vietnam is working toward becoming a major economic center in Southeast Asia, relying on economic resilience, strategic investments, and global partnerships to drive growth.
Vietnam aims to become SE Asia’s leading economic hub: PM | Tuoi Tre News
EN 
VI