According to the articles, which cited a statement from the Vietnamese Government, Vietnam’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.

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Cai Mep - Thi Vai Port is the only seaport cluster in Vietnam that can receive super-large container ships with a capacity of up to more than 200,000 DWT.

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 U.S. tariffs and rising disaster-related costs.

Algerian analysts observed that Vietnam’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. Vietnam 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 Vietnam’s economy showcases a balanced development model that combines industrialization, international integration, and green transition, offering a valuable lesson for many developing economies in Africa and the Mediterranean region.

Source: VNA