Vietnam shows growth momentum

Vietnam continues to benefit from China‑plus‑one manufacturing flows, and VinFast reported a 127% year‑on‑year jump in EV deliveries—signalling strong export and domestic demand momentum. Observers say this industrial resilience keeps Vietnam prominent in regional trade dynamics. (livemint.com/news/vietnam-economic-miracle-china-plus-one-global-manufacturing-hub-11776087454965.html ) (x.com/VinFastofficial/status/2043690727088234862)

Vietnam is still pulling in factory investment as companies spread production beyond China, and VinFast’s March sales added a fresh demand signal. (worldbank.org) (publicnow.com) Vietnam’s Ministry of Planning and Investment said foreign investors committed more than $4.33 billion in new, expanded and share-purchase capital in January 2025, up 48.6% from a year earlier. The World Bank said Vietnam’s 2024 growth was supported by a rebound in exports driven by global demand for technology products. (mpi.gov.vn) (worldbank.org) VinFast said on April 10 that it delivered 27,609 electric vehicles in Vietnam in March 2026, up 127% from a year earlier. The company said first-quarter domestic deliveries reached 53,684 vehicles. (publicnow.com) The World Bank projected Vietnam’s economy would grow 6.8% in 2025 and 6.5% in 2026. The International Monetary Fund said growth reached 7.1% in 2024 and 7.5% year over year in the first half of 2025, helped by exports, credit growth and government spending. (worldbank.org) (imf.org) That mix has kept Vietnam central to the “China plus one” strategy, in which manufacturers add capacity outside China instead of relying on a single production base. The World Bank said export gains in 2024 were led by technology goods, a category that includes electronics assembled in Vietnam for global markets. (worldbank.org) (livemint.com) There are cautions alongside the momentum. The World Bank said export growth is expected to ease in 2025 and 2026 because of slower demand in China and the United States and uncertainty around trade policy, while the International Monetary Fund said recent indicators pointed to a “wait-and-see” approach for some new export orders and investment. (worldbank.org) (imf.org) VinFast’s own figures show how much of the current story rests on the home market as well as exports. The company said it delivered 196,919 electric vehicles globally in 2025, up 102% from 2024, and 86,557 in the fourth quarter alone. (sec.gov) (vinfastauto.us) For now, the numbers point in the same direction: more foreign capital, more factory output and more vehicle sales. That is why Vietnam remains near the front of regional supply-chain shifts even as trade risks build. (mpi.gov.vn) (worldbank.org)

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