Skip to main content

Vietnam records 9.95 per cent quarterly growth

Growth over the first nine months of 2026 reached 9.01 per cent, the strongest performance for that period in 15 years.

By Nadia Hassan

Motorbikes and goods traffic on a bridge in Hanoi
Photo: Malay Mail

Vietnam’s economy expanded by 9.95 per cent in July-September, government figures showed, marking its strongest quarterly growth in four years. The pace accelerated from 8.81 per cent in the preceding quarter.

The National Statistics Office reported growth of 9.01 per cent for January-September 2026, a 15-year high for the period. Exports increased by 24.5 per cent from a year earlier, while imports climbed 36.7 per cent. The government is targeting double-digit economic expansion over the next five years.

The Asian Development Bank raised its projection for Vietnam’s full-year 2026 GDP growth to 7.8 per cent, replacing the 7.2 per cent estimate it issued in July. The bank attributed the revision to manufacturing expansion, strong domestic consumption and continuing foreign direct investment.

However, the bank cautioned that softer global demand and geopolitical uncertainty could restrain growth. Separately, FTSE Russell moved Vietnam’s stock market into its secondary emerging market category in September.

Keep reading: Economy

All Economy stories

Latest in Finance

All latest