Vietnam is increasingly positioning itself as one of Asia’s fastest-growing economies, supported by major investments and policy reforms aimed at strengthening long-term competitiveness, according to recent reports from Thai media.
The Vietnamese government has unveiled a national development plan valued at approximately THB 1.5 trillion (USD 48.7 billion). The initiative includes around 250 infrastructure and housing projects nationwide, with the objective of achieving 8% GDP growth in 2025 and sustaining double-digit growth in the years that follow. The long-term vision is to transform Vietnam into a high-income economy by 2045.
Vietnam’s rapid economic progress is reflected in rising incomes and its growing role as a global manufacturing hub. Per capita annual income in Hanoi has increased from about USD 1,200 in 1990 to more than USD 16,000 today. The country is now shifting its development focus from low-cost, export-driven growth toward high-tech industries, renewable energy, and private-sector-led expansion.
Regional analysts point to Vietnam’s strong commitment to reform and execution. Nonarit Bisonyabut of the Thailand Development Research Institute noted that Vietnam’s evidence-based reforms, including bureaucratic restructuring, have enabled swift and effective advancement. Thai industry leaders have also highlighted Vietnam’s proactive strategy of capitalizing on global trade realignments while investing heavily in infrastructure as a model for sustained growth.
According to the Federation of Thai Industries and the Thai Chamber of Commerce, Vietnam’s policy execution and reform momentum demonstrate a sense of urgency in adapting to global trade shifts—an approach that some observers believe Thailand must emulate to remain competitive.
With its emphasis on infrastructure development, innovation, and economic resilience, Vietnam continues to emerge as a strong contender for Asia’s next “tiger economy.”
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