Vietnam's Q3 economy nears 10% growth
Vietnam's economy achieved robust growth of 9.95% in the third quarter of 2026, the fastest rate since the third quarter of 2022, surpassing analysts' expectations of 8.65%. This growth was driven by a significant increase in foreign direct investment, which rose by 76.4% during the first nine months of the year, along with a rebound in industrial and commercial activity. Exports increased by 39.1%, while imports grew by 45.8%. Additionally, Vietnam's trade balance returned to a surplus of $1.27 billion after recording deficits in the first eight months. The trade surplus with the United States also increased to $122.6 billion during the same period, despite a large trade deficit with China amounting to $121.5 billion. Despite the strong growth, inflation rose to 5.08%, exceeding the government's target of 4.5%, posing a challenge to achieving sustainable economic stability. The government aims to reach double-digit growth and develop value chains by 2045.
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