Vietnam's economy expanded by 8.39% in Q2/69, exceeding the expected 7%. Exports in June surged by 28.1%, and FDI increased by 61%, despite still facing risks from US tariffs and energy costs.
On July 3, 2569 at 10.35:XNUMX p.m., Bloomberg News reported that Vietnam's economy expanded more strongly than expected in the second quarter of 2026, reflecting its ability to cope with the risks from US tariffs and rising energy costs. This was driven by continued growth in manufacturing, exports, and foreign direct investment (FDI).
Vietnam's National Statistics Office (NSO) revealed that the country's gross domestic product (GDP) grew by 8.39% in the April-June period compared to the same period last year. This exceeded the 7.0% forecast by analysts in a Bloomberg survey and surpassed the first-quarter growth, which was revised upward to 7.94% from 7.83%.
The statistics office stated that the manufacturing sector remains a key driver of the economy, benefiting from a recovery in export orders and positive effects from accelerated government investment.
This data reflects that, despite facing risks from US tariffs and the impact of rising energy prices due to conflicts in the Middle East, Vietnam's economy remains strong towards its 10% growth target in 2569.
Another contributing factor is foreign direct investment (FDI). As of the end of June, the cumulative registered investment value stood at US$34,650 billion, a 61% increase from the same period last year.
Brian Lee, an analyst from Maybank Securities. It was stated that Vietnam's economic activity is accelerating in many sectors, especially manufacturing, which is being boosted by the demand for artificial intelligence (AI) hardware and the inflow of foreign investment. It was also pointed out that Vietnam has been more successful in attracting investment in the semiconductor industry, reflecting the industry's progress towards higher value chains.
International trade continued to expand strongly, with exports in June increasing by 28.1%, exceeding market expectations of 20%, while imports surged by 45.2%, exceeding forecasts of 35%, reflecting strong domestic and international demand.
Previously, the State Bank of Vietnam (SBV) stated that it would continue to support lending to businesses, focusing on industries that drive growth, while closely monitoring inflationary pressures.
However, Vietnamese authorities acknowledge that achieving the 10% growth target for the entire year still faces challenges. Prime Minister Le Minh Hung has instructed various ministries and the central bank to implement proactive and targeted fiscal and monetary policies to support economic expansion.
The government aims for an 11.9% economic growth in the second half of the year to achieve its full-year target of 10%, while the economy has already grown by 8.18% in the first six months of the year.
Inflation is beginning to show signs of easing, with the Consumer Price Index (CPI) for June rising 4.69% year-on-year, slowing from 5.60% in May. While still higher than the government's target of 4.5%, it is lower than the 5.5% level that the central bank had previously estimated.
Meanwhile, Vietnam continues to enjoy an advantage as a manufacturing base for exports. In the first half of the year, Vietnam recorded a trade surplus with the United States of US$75.3 billion, a 21.3% increase from the previous year, making it the third-largest country in the world with a trade surplus with the US, after China and Mexico. This reflects the continued relocation of manufacturing bases from China to Vietnam.
refer : bloomberg.com
Read all news related to the situation around ASEAN here.
