The ASEAN+3 Macroeconomic Research Office (AMRO) raised its 2025 growth forecast for Vietnam’s economy to 7%, up from the 6.5% projected in April, in the latest quarterly update of its flagship ASEAN+3 Regional Economic Outlook (AREO) released on July 23, according to a report from the Vietnam News Agency.

AMRO Chief Economist Dong He said in a press briefing on the same day that the bumping up of the country’s growth is really a reflection of the much better outturn in the first half of the year, as it notched a multi-year high GDP growth of 7.52%, driven by healthier domestic consumption, robust exports and strong improvement in the manufacturing and services sectors.

The chief economist added that some of Vietnam’s ongoing reforms to enhance its investment environment and improve infrastructure efficiency place it in a more resilient position looking ahead.

Beyond the short term, he proposed Vietnam integrate much more deeply with other regional economies in attracting foreign direct investment.