Vietnam growth nears double digits UOB raises forecast
Vietnam s economic growth is nearing double digits after a stronger than expected third quarter though the official 10 per cent target for the year likely remains unreachable according to UOB
United Overseas Bank (UOB) has raised its forecast for Vietnam's economic growth, projecting a near double-digit expansion in 2026. The bank cited data showing GDP growth of 9.95% year-on-year in the third quarter, surpassing both Bloomberg consensus and UOB's previous forecast. This rapid growth, the fastest since 2022, accelerated across all sectors, with industry and construction expanding by 12.5% and services growing by 9.5%.
Exports increased 21.3%, while imports rose 27.2%. The country remains the fastest-growing economy in ASEAN. UOB expects fourth-quarter growth of around 9.7%, supported by strong public investment and record foreign investment inflows. However, inflationary pressures, particularly from energy prices, may keep headline CPI around 5% for the year, slightly above the official target of 4.5%.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
