Vietnam Macro October Report

Vietnam’s macro landscape strengthened significantly in 2025, highlighted by Q3 GDP growth of 8.23% YoY, the strongest since 2022 with steady inflation at 3.2-3.3%, and a USD16.8B trade surplus driven by high-tech manufacturing. Industrial production continued its upward trajectory, supported by resilient FDI inflows and stable domestic demand. Our October Vietnam Macro Outlook Report breaks down the global and domestic drivers shaping the country’s economic trajectory as it heads into 2026.