Vietnam: economy

What is Vietnam's GDP growth rate?

Viet Nam's GDP grew 9.01% in the first nine months of 2026 compared with a year earlier, according to the National Statistics Office. Growth was 9.95% in the third quarter, after 8.15% in the first quarter and 8.81% in the second, according to the NSO's highlights report.

Growth in the same period of 2025 was 7.80%. Industry and construction grew 11.21% and services 8.69%. For the whole of 2025, GDP grew 8.02%, according to the NSO Statistical Summary Book 2025. Quarterly figures are preliminary and are revised as fuller data arrive.

Official sources: NSO: Socio-economic performance infographic, Q3 and first 9 months of 2026 (PDF) · NSO: Highlights of the socio-economic situation, Q3 and 9 months of 2026 (Vietnamese, DOCX) · NSO: Statistical Summary Book of Viet Nam 2025 (PDF)

What is the inflation rate in Vietnam?

Consumer prices in Viet Nam were 5.08% higher in September 2026 than a year earlier, according to the National Statistics Office. On average, prices in the first nine months of 2026 were 4.52% higher than in the same period of 2025, slightly above the government's target of about 4.5%.

The NSO says these are the highest September and nine-month rates in many years. Prices rose 0.62% in September alone, mainly because domestic petrol and diesel prices followed world fuel prices up. Core inflation, which leaves out food, fuel and some regulated prices, was 4.45% in September, according to the NSO's full report.

Official sources: NSO: Socio-economic performance infographic, Q3 and first 9 months of 2026 (PDF) · NSO: Socio-economic report, Q3 and 9 months of 2026 (Vietnamese, DOCX) · NSO: Highlights of the socio-economic situation, Q3 and 9 months of 2026 (Vietnamese, DOCX)

What is Vietnam's GDP per capita?

Viet Nam's GDP per person was 125.5 million dong in 2025, equal to US$5,026, up US$326 from 2024, according to the National Statistics Office Statistical Summary Book 2025. Total GDP was 12,847.6 trillion dong, or US$514.4 billion.

The World Bank puts GDP per person at US$5,066 in 2025; the difference comes from exchange rates and population figures. Gross national income per person was US$4,970, according to the World Bank.

Official sources: NSO: Statistical Summary Book of Viet Nam 2025 (PDF) · World Bank: GDP per capita, Viet Nam · World Bank: GNI per capita, Viet Nam

What is the dong to dollar exchange rate?

The State Bank of Viet Nam's central exchange rate was 25,627 dong per US dollar on 30 September 2026, 2.01% higher than at the end of 2025, according to the National Statistics Office socio-economic report.

On 30 September Vietcombank listed 25,750 dong buying and 26,160 dong selling. The NSO warns that a growing goods trade deficit puts pressure on the foreign exchange market. The State Bank publishes the daily central rate, but its website blocked automated access on 15 October 2026.

Official sources: NSO: Socio-economic report, Q3 and 9 months of 2026 (Vietnamese, DOCX) · State Bank of Viet Nam

What are interest rates in Vietnam?

Average lending rates at Vietnamese commercial banks were 8.4% to 10.7% a year in August 2026, according to the National Statistics Office socio-economic report. Deposit rates were 6.5% to 8.0% for terms of 6 to 12 months and 4.1% to 4.6% for 1 to 6 months.

Short-term dong lending to priority sectors was about 4.0%, the maximum the State Bank allows. The NSO describes deposit and lending rates as broadly stable in the third quarter. The State Bank of Viet Nam sets its policy rates, including the refinancing rate, but its website blocked automated access on 15 October 2026, so the current policy rate could not be confirmed here.

Official sources: NSO: Socio-economic report, Q3 and 9 months of 2026 (Vietnamese, DOCX) · State Bank of Viet Nam

How much does Vietnam export?

Viet Nam exported US$434.30 billion of goods in the first nine months of 2026, 24.5% more than a year earlier, and imported US$453.72 billion, up 36.7%, according to the National Statistics Office. That left a goods trade deficit of US$19.42 billion, against a surplus of US$16.87 billion a year earlier.

September showed a surplus of US$1.27 billion after nine months of deficits, according to the NSO's highlights report. Foreign-invested businesses had a surplus of US$14.86 billion, while domestic firms ran a deficit of US$34.28 billion. Registered foreign direct investment reached US$50.36 billion by 30 September, up 76.4%.

Official sources: NSO: Socio-economic performance infographic, Q3 and first 9 months of 2026 (PDF) · NSO: Highlights of the socio-economic situation, Q3 and 9 months of 2026 (Vietnamese, DOCX)

How fast is Vietnam's economy growing?

In 2025, real GDP growth in Vietnam was 8.0%, according to the World Bank. Since 2005 it has ranged from 2.6% (2021) to 8.5% (2022). Across East Asia & Pacific the middle value was 3.6%, and Vietnam placed 1st highest of 29. Of 180 countries with 2025 data, 10th highest.

What is GDP per capita in Vietnam?

$5,066: that is GDP per person in Vietnam for 2025, according to the World Bank. That is the highest since at least 2005. It is 18th highest of 29 in East Asia & Pacific, where the median is $6,547. World rank, highest first: 112th of 180.

What is Vietnam's GDP per person adjusted for prices?

According to the World Bank, GDP per person at purchasing power parity in Vietnam was $18,088 in international dollars in 2025. No year since 2005 has been higher. East Asia & Pacific median: $14,200 in international dollars; Vietnam is 12th highest of 29. Of 179 countries with 2025 data, 97th highest.

What share of Vietnam's economy is exports?

According to the World Bank, exports of goods and services in Vietnam was 98.2% of GDP in 2025. It is the top of the series, which starts in 2005. East Asia & Pacific median: 53.8% of GDP; Vietnam is 2nd highest of 16. Worldwide: 6th of 133.

What is Vietnam's current account balance?

6.4% of GDP: that is the current account balance in Vietnam for 2025, according to the IMF. No year since 2005 has been higher. East Asia & Pacific median: 1.6% of GDP; Vietnam is 6th highest of 19. World rank, highest first: 16th of 132.

How much foreign investment does Vietnam receive?

The latest figure from the IMF, for 2025, is 4.3% of GDP. The peak was 9.7% of GDP in 2008 and the low 3.4% of GDP in 2005. It is 8th highest of 28 in East Asia & Pacific, where the median is 1.9% of GDP. Of 179 countries with 2025 data, 43rd highest.

What interest rate do banks charge in Vietnam?

According to the IMF, the average bank lending rate in Vietnam was 9.3% in 2023. Since 2005 it has ranged from 7.0% (2016) to 17.0% (2011). East Asia & Pacific median: 7.7%; Vietnam is 2nd highest of 13. World rank, highest first: 49th of 90.