Vietnam Economy Grows 9.95% in Third Quarter of 2026
Vietnam's economy grew 9.95% in the third quarter of 2026, driven by factory output and a surge in foreign direct investment.
Vietnam recorded an economic growth rate of 9.95% in the third quarter of 2026, marking its fastest pace since the third quarter of 2022. This surge brings the nation close to its annual growth target of 10%. According to the National Statistics Office, the expansion was fueled by increased factory output and a 76.4% jump in pledged foreign direct investment, which totaled US$50.4 billion during the first nine months of the year.
Trade performance improved in September, with exports rising 39.1% and the trade balance returning to a surplus of approximately US$1.3 billion. However, the economy faces inflationary pressure. September inflation reached roughly 5.1%, surpassing the government's 4.5% annual cap, a trend attributed partly to higher transport and construction costs linked to the war in Iran.
Diplomatic efforts to secure a trade deal with the United States continue, though challenges remain. President To Lam stated that Vietnam is "very close" to an agreement and pledged to increase purchases of high-tech goods. Despite these efforts, tensions persist over a US$122.6 billion trade surplus and ongoing US Section 301 investigations, and direct talks with President Donald Trump have not yet occurred.
