Services For Foreigners In Vietnam

The Vietnamese private sector contributes 51% of GDP

Publish: 19-03-2025
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Vietnam has around 1 million businesses and 5 million individual business households, representing 51% of GDP and approximately 70% of the total export value.

The private sector currently contributes approximately 51% of the GDP

Numerous private companies have increased significantly, not only mastering the domestic market but also affirming the Vietnamese brand on the global market

With nearly one million enterprises and approximately 5 million individual business households, the private sector currently contributes about 51% of the GDP, over 30% of the state budget, creates more than 40 million jobs, employs over 82% of the total workforce in the economy, and contributes nearly 60% of the total social investment.

The private sector not only helps to expand production, trade, and services but also plays an important role in improving labor productivity, promoting innovation, and strengthening national competitiveness.

Numerous private companies have increased significantly, not only mastering the domestic market but also affirming the Vietnamese brand on the global market.

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Vietnam's Economy Scale Is Set to Reach Up to $1000 Billion USD

Vietnam's Economy Scale Is Set to Reach Up to $1000 Billion USD

Publish: 07-11-2025
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Prime Minister Pham Minh Chinh announced that the 10% growth target until 2030 has been carefully calculated to increase the economy's size to $800 billion to $1000 billion USD, helping Vietnam catch up with developed countries in the region.
Vietnam Targets: 10% GDP Growth and $5,500 Per Capita Income by 2026

Vietnam Targets: 10% GDP Growth and $5,500 Per Capita Income by 2026

Publish: 22-10-2025
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Prime Minister Phạm Minh Chính reported on the socio-economic development plan for 2026 at the opening session of the 10th meeting of the 15th National Assembly on October 20. The government has set forth highly ambitious goals, aiming for a significant economic leap in the upcoming year.
Vietnam's Economic Growth for 2025 is Estimated to Reach 8%

Vietnam's Economic Growth for 2025 is Estimated to Reach 8%

Publish: 17-10-2025
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The Vietnamese government has set a target for robust economic growth in 2025. According to the article, Vietnam's economic growth (GDP growth) is estimated to achieve a minimum of 8% for the entire year 2025.
IMF Forecasts Vietnam in the Top 20 Fastest Growing Economies of 2025

IMF Forecasts Vietnam in the Top 20 Fastest Growing Economies of 2025

Publish: 21-03-2025
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Based on the International Monetary Fund (IMF) forecasts as of January 2025, the infographic below shows the 20 fastest-growing economies in the world this year. Among these, there are 12 representatives from Africa and 6 from Asia...
Vietnam and the Republic of Cyprus Sign Double Taxation Avoidance Agreement

Vietnam and the Republic of Cyprus Sign Double Taxation Avoidance Agreement

Publish: 16-12-2025
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On the morning of December 15, 2025, in the capital Nicosia, Vietnamese Deputy Minister of Finance Cao Anh Tuan and the Minister of Finance of the Republic of Cyprus, Makis Keravnos, signed the Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income between the Government of Vietnam and the Government of the Republic of Cyprus.
Vietnamese National Assembly Approves Investment Policy for Gia Binh International Airport

Vietnamese National Assembly Approves Investment Policy for Gia Binh International Airport

Publish: 12-12-2025
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Gia Binh Airport was approved by the National Assembly with a total investment of nearly VND 200 trillion, a capacity of 30–50 million passengers annually, aiming for a 5-star international standard and planned to serve the APEC Summit 2027.
CNBC: Vietnamese Stock Market Forecast to See Strong Growth in 2026

CNBC: Vietnamese Stock Market Forecast to See Strong Growth in 2026

Publish: 10-12-2025
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The Vietnamese stock market appears to be growing more attractive compared to China's, according to an article by CNBC. The growth witnessed in 2025 is considered just the beginning of a significantly strong outlook for 2026.