Vietnam Secondary Emerging Market Upgrade Accelerates MSCI Quest

Vietnam has advanced to Secondary Emerging Market status as it pursues a high-income goal by 2045, backed by reform-driven growth and ongoing modernization. The government’s 2024–2026 strategic resolutions emphasize science, digital transformation, private sector development, energy security, and human capital, improving the investment climate for international capital inflows. With GDP growth around 8% in 2025 and rising GDP per capita to about $5,000, the economy is broadening beyond manufacturing to a more diversified, resilient mix across industry, agriculture, and services. The country’s competitive cost structure, strategic location, and stable politics continue to attract global capital as supply chains reconfigure. Trade remains a key driver, with total imports and exports exceeding $930 billion, signaling robust external demand and integration into the global economy. These dynamics position Vietnam as an attractive destination for global investors seeking growth in emerging markets.