Vietnam's GDP growth forecast has been raised by many international organizations.

Seeing the prospect after positive results in the first three quarters of 2025, a series of international organizations have raised their forecasts for Vietnam's GDP growth in 2025.

Vietnam's GDP increased by 8.22% over the same period last year. Photo: Tuyet Lan

In the third quarter of 2025, Vietnam's GDP increased by 8.22% year-on-year, just lower than the 14.38% increase in the same period in 2022 during the 2011-2025 period.

The main driving force comes from the strong growth of the processing and manufacturing industry, the vibrant service sector and the sustainable recovery of domestic consumption. Goods exports also recorded an improvement, especially in the electronics, textile and seafood groups when demand from major markets increased again. Given these positive results, many international organizations have adjusted up their forecasts for Vietnam's economic growth.

United Overseas Bank (UOB)’s Q4 Economic Outlook report raised Vietnam’s 2025 growth forecast from 7.5% to 7.7%. According to UOB, Vietnam’s outstanding performance in recent times has mainly come from vibrant international trade activities and strong growth in manufacturing output.

Despite this, UOB also noted that Vietnam’s trade performance has remained stable so far, but the potential scenario is that export orders may start to decline as US businesses have completed early orders to avoid tariffs and price increases affecting the purchasing power of US consumers, especially in 2026.

UOB’s forecast is now the second most optimistic among international organizations, after HSBC raised its forecast to 7.9% late last month. HSBC’s report stressed that Vietnam’s surprising 8.22% growth in the third quarter was “in a class of its own.” This result was much higher than the market’s expectation of 7.2% year-on-year, making Vietnam once again the fastest growing economy in Southeast Asia.

Faced with positive growth results in the first three quarters of 2025, many international organizations have adjusted up their forecasts for Vietnam's economic growth. Photo: Tuyet Lan

Previously, in the Macroeconomic Report published at the end of October 2025, Standard Chartered Bank raised its forecast for Vietnam's GDP growth in 2025 to 7.5% (in the July report, Standard Chartered Bank forecast Vietnam's growth in 2025 at 6.1%). The forecasted growth rate for 2026 was also raised to 7.2%.

This unit assessed that Vietnam is consolidating its position in the global supply chain thanks to strong trade activities and deep integration. Of which, total export turnover in September 2025 reached 42.7 billion USD, up 24.7% over the same period last year. This growth was driven by key industry groups: Electronics, computers, phones and machinery, reflecting the continuous expansion of industrial production and investment.

Standard Chartered experts also commented that Vietnam's foreign balance remains solid, supported by strong trade flows and stable exchange rate prospects.

According to Mr. Tim Leelahaphan - Senior Economist in charge of Vietnam and Thailand of Standard Chartered Bank - shared: "Vietnam's resilience and adaptability are demonstrated by successfully attracting strong FDI inflows, stable export growth, and strengthening Vietnam's strategic role in diversifying global supply chains and showing strong prospects for continued economic growth".

Source: https://baoquangninh.vn/viet-nam-duoc-nhieu-to-chuc-quoc-te-nang-du-bao-tang-truong-gdp-3384055.html