According to the articles, which cited a statement from the Vietnamese Government, Viet Nam’s GDP growth in the third quarter reached 8.2% – the highest level since 2011, excluding the strong post-pandemic rebound in 2022. In the previous quarter, GDP expanded by 7.96%, bringing the average growth rate in the first nine months of the year to 7.8% year-on-year.
Several newspapers also quoted Minister of Finance Nguyen Van Thang as saying that this was “the highest quarterly growth rate in more than a decade,” reflecting the flexibility and resilience of the Vietnamese economy amid challenges in global trade, including new US tariffs and rising disaster-related costs.
Algerian analysts observed that Viet Nam’s ability to maintain robust growth while many major economies are slowing down reflects its macroeconomic stability, attractiveness to foreign investors, and the effectiveness of its reform policies. Viet Nam aims to become an upper-middle-income country by 2030, with growth projected to reach 8% in 2025, up from 7.1% in 2024.
According to Algerian press coverage, the momentum of Viet Nam’s economy showcases a balanced development model that combines industrialisation, international integration, and green transition, offering a valuable lesson for many developing economies in Africa and the Mediterranean region.
