Vietnam Mid-Year Update 2025

Vietnam stands at a pivotal juncture in its development, navigating complex global dynamics and ambitious domestic reforms. Internationally, Vietnam remains one of the countries most affected by high U.S. trade tariffs, though active negotiations are underway. Domestically, the ruling party is embarking on broad structural reforms under a new guiding slogan-The Era of Rising-aimed at enhancing administrative efficiency and driving ambitious economic growth. These reforms include efforts to streamline ministries and ministerial committees at the central level, explore the merging of provinces, and review the structure of districts and communes with a view to possible consolidation. Our Vietnam experts will discuss what is driving these changes and what they could mean for the country’s future.