The World Bank (WB) forecasts Vietnam's GDP growth to hit 6.6% in 2025, a slight 0.1 percentage point increase from its October 2024 forecast, according to its latest 'Global Economic Prospects' report.

For 2026, the WB anticipates GDP growth of 6.3%, 0.2 percentage points lower than the previous projection. Despite this adjustment, Vietnam is expected to remain the region's leader in economic growth.

Furthermore, Vietnam’s GDP growth is expected to surpass major economies such as Mongolia (6.1%), the Philippines (6%), Thailand (5.1%), and China (4%).

Overall, the World Bank forecasts GDP growth in the East Asia and Pacific (EAP) region to decline gradually, from 4.6% in 2025 to 4.1% in 2026, driven primarily by China’s economic slowdown.

Excluding China, East Asia and Pacific economies are projected to sustain a 4.7% growth rate in 2026, driven by robust domestic demand.

For 2024, growth in EAP economies (excluding China) is estimated at 4.8%, up from 4.3% in 2023, driven by a rebound in trade, domestic tourism, and strong internal demand, The Star reports.

Moreover, the World Bank singled out Vietnam as a standout performer in regional economic growth, citing its strong export capabilities.

However, the WB also warned of potential risks for the region, driven by global trade uncertainties and China's economic slowdown. Additional concerns include rising geopolitical tensions and global inflation.

Natural disasters linked to climate change are expected to continue putting pressure on regional growth prospects.

On a global scale, the World Bank forecasts economic growth to reach 2.7% in both 2025 and 2026, maintaining the same growth rate as projected for 2024.