{
  "id": 11624845,
  "title": "GDP expands 9.95% in Q3",
  "url": "https://urgent.news/2026/10/03/gdp-expands-9-95-in-q3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T06:48:44.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/economy/gdp-expands-9-95-in-q3-5127935.html"
  },
  "original_language": "en",
  "account": "In the third quarter, Vietnam's GDP expanded by a remarkable 9.95%, outpacing the growth rates of 8.15% and 8.81% in the first and second quarters, respectively, according to the National Statistics Office. This represents the strongest quarterly performance in recent memory. The entire year saw a 9.01% growth rate, with industry-construction and services sectors contributing the most to this expansion. Industry-construction grew by 11.21% as new large-scale projects kicked off, exports recovered, and public investment surged. Services experienced an 8.69% increase due to robust domestic demand for goods, services, and tourism. Agriculture, forestry, and seafood also expanded by 4.02%. Investment played a crucial role, with total realized investment at current prices reaching VND3.11 quadrillion (US$119.7 billion) in the three quarters, marking a 15.1% year-on-year increase. The non-state sector accounted for 53% of this total. Foreign direct investment (FDI) saw a significant boost, with realized FDI reaching a five-year high of $21.07 billion, up 12.1% from the previous year. Overall, Vietnam's import-export turnover surged to $888 billion, a 30.4% increase, with imports rising by 36.7% to $453.72 billion and exports growing by 24.5% to $434.3 billion, resulting in a $19.42 billion trade deficit. The consumer price index (CPI) averaged a 4.52% increase in the three quarters compared to the previous year, while core inflation rose by 4.26%. Over 223,900 businesses were established or resumed operations, a 3.2% decrease year-on-year, while 89,800 businesses temporarily halted operations, and 33,500 were awaiting dissolution. Over 48,700 firms completed dissolution, a 118.8% rise. While the third-quarter growth was higher than ever before, the challenge remains to achieve double-digit growth for the entire year. The Asian Development Bank, UOB, the International Monetary Fund, and Standard Chartered had predicted Vietnam's economic growth to be between 7.5-9.5% for 2026. The National Statistics Office recommended promoting growth while maintaining macroeconomic stability and controlling inflation. They emphasized accelerating public investment, removing production bottlenecks, helping domestic businesses enhance export capacity, and stimulating consumer demand. The office also stressed the importance of closely monitoring geopolitical events like conflicts in the Middle East, oil price movements, transportation costs, and exchange rates.",
  "summary": "Vietnam’s gross domestic product (GDP) expanded by 9.95% year-on-year in July-September, marking the fastest-growing quarter this year.",
  "key_points": [
    "Vietnam's GDP expanded by 9.95% in Q3, the strongest quarterly performance in recent memory",
    "Industry-construction and services sectors contributed most to the expansion",
    "Foreign direct investment reached a five-year high of $21.07 billion"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}