Vietnam’s small businesses recorded strong growth in 2025, with 84% reporting expansion—up slightly from the previous year—according to an Asia-Pacific survey released on April 21 in Ho Chi Minh City by CPA Australia.

Vietnam ranked as the best-performing market among the 11 economies surveyed, according to a report from the Vietnam News Agency.

The positive momentum is expected to continue into 2026, with 89% of Vietnamese small firms planning to expand. Growth prospects are being driven by increased adoption of technology, rapid e-commerce expansion, and improved corporate governance practices.

Notably, Vietnam also recorded the highest level of business confidence in national economic prospects, with 85% of respondents expecting the domestic economy to grow this year—well above the survey average of 65%.

Confidence in global competitiveness is also rising, with 30% of Vietnamese businesses anticipating strong growth in overseas revenue in 2026.

The annual survey, based on responses from 4,166 firms across 11 markets—including China, India, Indonesia, Malaysia, New Zealand, the Philippines, and Singapore—provides insights from business owners and senior executives on key drivers of small business success across the region.