Vietnam's Q3 GDP Approaches 10% as Trade Surplus Returns

Vietnam's third-quarter GDP expanded by 9.95% compared with the same period last year, the quickest pace since the third quarter of 2022 and above the 8.7% median estimate from a survey of eight economists. The surge was driven by strong foreign investment and factory output, supporting the government's aim for at least 10% growth this year. Trade figures showed exports climbing 39.1% and imports 45.8% in September, reversing earlier deficits and delivering a $1.27 billion surplus.

Consumer price inflation held at 5.1% in September, in line with forecasts, while transport and construction costs remained high due to the Iran war. The authorities continue to target overall inflation at 4.5% for the year.