Vietnam quarterly growth surges to more than 9pct
HANOI: Vietnam's quarterly growth surged to 9.95 per cent in the July-September period, up from 8.81 per cent in the previous three months and the fastest pace in four years, according to government data.
Hanoi, Vietnam experienced a surge in quarterly growth to 9.95 percent in the July-September period, marking the fastest pace in four years according to government data. The communist nation, known for its success among Asian economies, aims for double-digit expansion over the next five years. The National Statistics Office reported a 9.01 percent growth for the first nine months of 2026, the fastest for the period in 15 years.
Exports rose by 24.5 percent year-on-year, while imports increased by 36.7 percent. Despite imposing new tariffs on its largest export market, the US, Vietnam recorded an annual growth of 8 percent last year, among the highest globally. The Asian Development Bank recently revised up its forecast for 2026 annual GDP growth to 7.8 percent, citing continued expansion in manufacturing, robust domestic consumption, and sustained foreign direct investment.
However, the bank cautioned that weaker global demand and geopolitical uncertainty could potentially impact growth. In September, FTSE Russell upgraded Vietnam's stock market to secondary emerging market status.
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