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Vietnam Macroeconomic Commentary: April 2026

Vietnam’s economy is navigating a confluence of headwinds — surging oil prices due to US – Iran conflict, rising inflation, and a widening trade deficit — yet the Vietnamese Dong has barely budged.

Vietnam Macroeconomic Commentary: March 2026

January’s economic indicators demonstrate continued resilient exports to the U.S. alongside strong leading indicators suggesting that these robust exports will continue.  Also, consumption rebounded following the devastating floods in November and December.

Vietnam Macroeconomic Commentary: February 2026

January’s economic indicators demonstrate continued resilient exports to the U.S. alongside strong leading indicators suggesting that these robust exports will continue.  Also, consumption rebounded following the devastating floods in November and December.

Vietnam Macroeconomic Commentary: January 2026

January’s economic indicators demonstrate continued resilient exports to the U.S. alongside strong leading indicators suggesting that these robust exports will continue.  Also, consumption rebounded following the devastating floods in November and December.

Looking Ahead At 2026

Vietnam’s GDP growth accelerated from 7.1% in 2024 to 8% in 2025. Several factors supported the country’s growth last year, the two most notable of which were a 40% increase in Chinese tourist arrivals (Vietnam replaced Thailand as the most favored destination for Chinese tourists) and a 28% surge in exports to the U.S. (driven by an 80% jump in exports of laptops and other electronics products).

Vietnam Macroeconomic Commentary: December 2025

Vietnam’s GDP growth accelerated from 7.1% in 2024 to 8% in 2025. Several factors supported the country’s growth last year, the two most notable of which were a 40% increase in Chinese tourist arrivals (Vietnam replaced Thailand as the most favored destination for Chinese tourists) and a 28% surge in exports to the U.S. (driven by an 80% jump in exports of laptops and other electronics products).

Vietnam Macroeconomic Commentary: November 2025

Vietnam Macroeconomic Commentary: November 2025

Vietnam’s economy remains resilient despite November floods, with GDP growth projected at 7.5% for 2025 and 8% in 2026. Manufacturing surges, trade surplus widens, and interest rates rise slightly

Vietnam Macroeconomic Commentary: October 2025

Vietnam’s economic growth in 2025 has been driven by two main factors, which remained strong in October: robustexports to the US—especially high-tech products—and a steady increase in tourist arrivals from China. Exports tothe US rose by nearly 30% in the first ten months of 2025, while tourist arrivals were up 22%. Both figures wereessentially unchanged […]

Vietnam Macroeconomic Commentary: September 2025

Vietnam’s Growth Accelerates: Exports, FDI, and Tourism Fuel 2025 Surge Growth Accelerating. Vietnam’s economic growth accelerated from 7.6% YoY in 1H25 to 7.9% in 9M25, supportedby unexpectedly strong exports to the US, prompting us and most other economists in Vietnam to lift our 2025GDP growth forecasts. We now expect GDP growth to reach 7.5% in […]

Vietnam Macroeconomic Commentary: August 2025

Macro Report - Aug - 2025

Vietnam’s economic growth trajectory remained solid in August – and we continue to expect 7% GDP growth this year. Vietnam’s high-frequency economic indicators were nearly unchanged in August; export growth to the US continues to slow while infrastructure investment in Vietnam continues to surge – by nearly 50% YoY in 8M25. In contrast, the outlook […]

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