Vietnam Q3 GDP grows 9.95%, fastest pace this year

Vietnam's economy grew 9.95% in the third quarter, accelerating from an adjusted 8.8% in April-June, supported by strong growth in industry and construction, the country's statistics office said on Saturday.

According to Trading Economics, Vietnam’s GDP expanded 8.23% year-on-year in Q3 2025, quickening from an upwardly revised 8.19% rise in the previous period and marking the fastest pace since Q3 2022. Growth was broad-based, with all sectors advancing further, including industry and construction (9.46% vs 8.82% in Q2), services (8.56% vs 9.06%), and agriculture (3.74% vs 3.95%).

Trade remained resilient despite a 20% U.S. tariff imposed in early August, with Q3 goods exports and imports each surging 18.4% and 20.2%. On the expenditure side, final consumption gained 7.79% year-on-year, while fixed investment rose 8.97%.

Prime Minister Pham Minh Chinh recently projected exports to climb over 12% this year, citing optimism around ongoing U.S. trade negotiations. However, a UN report warned the tariffs could slash up to 20% of Vietnam’s U.S.-bound exports, potentially making it the hardest-hit Southeast Asian economy. For the first nine months of the year, the country's GDP grew by 7.85%, the strongest performance since 2011.