Vietnam’s economic growth accelerated sharply in the third quarter, with the manufacturing sector and robust business activity helping the country weather the impact of higher tariffs that came into effect in early August. According to data released Monday by the National Statistics Office in Hanoi, gross domestic product (GDP) rose 8.23% year-on-year from July to September, exceeding the 7.15% median estimate of analysts surveyed by Bloomberg.
The figure also marks an improvement over the second quarter, which was revised upward to 8.19%, compared with the earlier estimate of 7.96%. Economists attributed the stronger-than-expected growth to resilient industrial output and steady domestic consumption, which have cushioned the economy against external trade pressures.
Bloomberg analysts noted that Vietnam’s economic momentum underscores the country’s ongoing recovery from global supply chain disruptions and reflects the benefits of continued foreign investment inflows, particularly in the manufacturing and export sectors. The data reinforces Vietnam’s status as one of Southeast Asia’s fastest-growing economies, as policymakers balance external trade challenges with domestic demand.
