HCMC – HSBC has unveiled its macroeconomic outlook for Vietnam, emphasizing that 2025 will be a landmark year in the country’s dual transformation journey, combining digital and green advancements.
Dual transformation, identified as a global development trend, involves synchronized digital and green initiatives. Vietnam is actively pursuing this path with targeted policies and strategies.
HSBC forecasts that 2025 will see Vietnam achieve significant milestones, including the digital economy contributing 25% to GDP and green credit accounting for 10% of total outstanding debts.
Vietnamese businesses are increasingly embracing change, with 47% already engaging in digital transformation by 2023, according to the Enterprise Development Agency under the Ministry of Planning and Investment.
Many are also formulating net-zero transition plans, with 48.7% of businesses acknowledging the critical importance of this transition in a 2024 survey conducted by the Government’s Private Economic Development Research Board.
HSBC highlights Vietnam’s unique strengths for dual transformation, including a young population, high internet penetration, and widespread adoption of digital technologies.
These factors position Vietnam well for digital transformation and a shift in its growth model. However, HSBC stresses the need for greater investment in digital education and infrastructure to fully leverage these advantages.
The bank also noted Vietnam’s strong economic rebound in 2024, with GDP growth reaching 6.9% in Q2 and 7.4% in Q3, leading HSBC to revise its 2024 GDP growth forecast to 7%. The recovery has extended beyond consumer electronics to other sectors, though domestic demand remains relatively subdued.
For 2025, HSBC maintains a GDP growth projection of 6.5%, reflecting continued momentum in Vietnam’s dual transformation efforts.
