Analysis of Vietnam's Economic Growth Structure 2025: Services Leading, Industry Surging, and Investment Opportunities

Why have services and industry become the crucial "levers" driving Vietnam's economy in 2025? With Q2 2025 GDP growth hitting an impressive 8% and the first half of the year achieving 7.5% (according to the General Statistics Office report in July 2025), Vietnam is on track to exceed its annual growth target of 8% and aims for a GDP scale surpassing $500 billion.
Compared to the same period in 2024 when GDP grew only 6.8%, the current growth rate demonstrates a robust recovery. Rather than just looking at overall figures, analyzing each sector provides a clear picture of the real drivers shaping the economy and potential investment opportunities.
The Services Sector: The Brightest Star of 2025
Do you know why services are growing so strongly? With an impressive growth rate of 8.1-8.5% (compared to 7.2% in the same period of 2024), the services sector not only leads in speed but also solidifies its position as the economic pillar, contributing over 50% to the total value added of the economy. According to the General Statistics Office report for the first half of 2025, this shows Vietnam is entering a structural transformation phase similar to developed economies.
Among these, wholesale, retail, and transportation and warehousing are "booming" thanks to the development of e-commerce and digital transformation. Giants like Shopee, Lazada, and VinCommerce have contributed significantly to this growth figure, especially as digitizing business operations has become a mandatory trend.
Particularly noteworthy, accommodation and food services recorded growth above 10% - a clear signal that the tourism industry has made a "strong comeback." From luxury resorts in Phu Quoc to trendy coffee shops in Ho Chi Minh City, all are welcoming waves of domestic and international tourists.
An unexpected bright spot is administrative activities and support services growing nearly 15%. This figure reflects the government's administrative reform efforts, creating a more favorable environment for startups and business development.
Industry and Construction: A Spectacular Breakthrough
The industry and construction sector is equally impressive with growth of 8.3-9% (up from 7.8% in 2024). Among these, manufacturing and processing is the "star" with growth above 10%, confirming Vietnam remains an attractive destination in the global supply chain thanks to technological innovation and production automation.
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