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  • The push to find help for autoimmune diseases, including rheumatoid arthritis and lupus

    The push to find help for autoimmune diseases, including rheumatoid arthritis and lupus

    Doctor after doctor misdiagnosed or shrugged off Ruth Wilson’s rashes, swelling, fevers and severe pain for six years. She saved her life by begging for one more test in an emergency room about to send her home, again, without answers.

    That…

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  • Vietnam Economic Performance in 2025: GDP, FDI, and Trade

    Vietnam Economic Performance in 2025: GDP, FDI, and Trade

    Vietnam’s gross domestic product (GDP) surged by a remarkable 8.23 percent in Q3 2025, the fastest growth rate in Southeast Asia, prompting major financial institutions to revise their forecasts upward.


    In Q3 2025, Vietnam’s economy grew by 8.23 percent, lifting the nine-month year-on-year expansion to 7.85 percent. Following this performance, several international research institutions have upgraded their economic forecasts for Vietnam.

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    The Asian Development Bank (ADB) has raised its 2025 GDP projection for Vietnam from 6.6 percent to 6.7 percent, while forecasting a possible moderation to six percent in 2026. Likewise, United Overseas Bank (UOB) has upgraded its 2025 estimate for Vietnam to 7.7 percent, citing sustained recovery in manufacturing and exports as key growth drivers.

    Despite global uncertainties and recent natural disasters, Vietnam’s economy continued to demonstrate resilient and broad-based growth through the third quarter of 2025.

    Vietnam’s GDP growth performance

    According to the Ministry of Finance, Vietnam’s GDP grew by 8.23 percent in Q3 2025, bringing nine-month growth to 7.85 percent year-on-year, closely tracking the government’s full-year target of around 8 percent. Positive growth across all three main sectors contributed to the robust GDP growth of Vietnam in both Q3 and the first nine months of 2025

    Among them, industrial output, particularly manufacturing and processing, remained the primary growth driver, expanding 10 percent in Q3 and nearly 9.9 percent over the nine-month period, in line with growth targets.

    Vietnam’s GDP Growth by Sector, Q3 2025

    Sector

    Growth in Q3 2025 (%)

    Growth in first 9 months 2025 (%)

    Agriculture, forestry, and fisheries

    3.7

    3.8

    Industry and construction

    9.4

    8.6

    Services

    8.5

    8.4

    Overall

    8.23

    7.85

    Inflation

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    Inflation remained under control. Vietnam’s consumer price index (CPI) increased by 3.27 percent over the first 10 months of 2025 compared to the previous year, according to data from the National Statistics Office (NSO) released on Thursday.

    In October, the CPI grew by 0.2 percent from September and was up 2.82 percent from December 2024, with a year-on-year increase of 3.25 percent. The NSO also noted that core inflation rose by 3.2 percent during this period.

    CPI Movements of Key Goods and Services, October 2025

    Category

    Monthly change (%)

    Notes/Drivers

    Food and catering services

    +0.59

    Contributed +0.20 ppts to total CPI

    Education

    +0.51

    Higher tuition fees at some private schools and universities (2025–26 year)

    Household equipment and appliances

    +0.20

    General price increases

    Clothing, hats, and footwear

    +0.18

    Higher seasonal demand as weather cooled

    Beverages and tobacco

    +0.12

    Culture, entertainment, and tourism

    +0.06

    Higher hotel, venue, and entertainment costs

    Housing, utilities, and construction materials

    +0.01

    Slight uptick

    Transport

    –0.81

    Lower domestic fuel prices; dragged CPI by –0.08 ppts

    Credit growth

    Bank credit in Vietnam has kept climbing this year, rising faster than the same period in 2024 and maintaining a steady upward trend. According to the State Bank of Vietnam (SBV), as of September 29, the country’s bank credit increased by 13.37 percent compared to the end of 2024, the majority directed toward the production and business sectors.

    Approximately 78 percent of Vietnam’s outstanding loans during this period supported production and business activities, aligning with the broader economic structure as follows:

    chart visualization

    Vietnam’s Bank Credit Distribution by Priority Sector

    Priority sector

    Share (%)

    Agriculture (priority classification)

    22.76

    Small & medium enterprises (SMEs)

    19.04

    Supporting industries (growth rate)

    23.14

    High-tech application enterprises (growth rate)

    25.02

    Source: SBV

    Foreign direct investment

    Vietnam attracted US$31.52 billion in foreign direct investment (FDI) during the first 10 months of 2025, marking a 15.6 percent year-on-year increase. FDI disbursements reached US$21.3 billion in the first 10 months, an 8.8 percent increase year-on-year.

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    Existing investors added US$12.11 billion to 1,206 projects, up 45 percent in capital injections. Combining new and adjusted capital, manufacturing and processing accounted for US$16.37 billion, or 62.5 percent of total FDI. Real estate attracted US$5.32 billion (20.3 percent).

    Meanwhile, capital contributions and share purchases surged 45.1 percent to US$5.34 billion through 2,918 transactions.

    Strong momentum in new projects

    Vietnam attracted US$14.07 billion in newly registered capital across 3,321 projects, marking a 21.1 percent increase in project count, though total capital value fell 7.6 percent year-on-year.

    Notably, manufacturing and processing dominated, accounting for 55.9 percent of new capital at US$5.61 billion, followed by real estate at US$2.75 billion (19.5 percent).

    Top Sources of Newly Registered Capital, Jan–Oct 2025

    Country/Territory

    Newly registered capital (US$ million)

    Singapore

    3,760

    Mainland China

    3,210

    Hong Kong (China)

    1,380

    Japan

    1,170

    Sweden

    1,000

    Chinese Taipei

    901.2

    South Korea

    627

    Trade

    Vietnam posted US$762.44 billion in total trade turnover during January–October 2025. The country recorded a US$19.56 billion trade surplus, compared with US$23.18 billion in the same period last year. The domestic sector registered a US$22.83 billion deficit, while the foreign-invested sector (including crude oil) maintained a robust US$42.39 billion surplus.

    Export

    Vietnam’s exports in October were estimated at US$42.05 billion, down 1.5 percent month-on-month but up 17.5 percent year-on-year. Over the first 10 months of 2025, exports rose 16.2 percent to US$391 billion, including:

    • Domestic sector: US$94.17 billion (24.1 percent of total); and
    • Foreign-invested sector (including crude oil): US$296.83 billion (75.9 percent), up 22.5 percent.

    A total of 36 export commodities exceeded US$1 billion, accounting for 94.1 percent of export turnover. Of these, seven items exceeded US$10 billion, accounting for 67.9 percent of total exports.

    Vietnam’s Export Structure by Goods Category, Jan–Oct 2025

    Category

    Export value (US$ billion)

    Share (%)

    Processed & manufactured goods

    346.73

    88.7

    Agricultural & forestry products

    32.62

    8.3

    Aquatic products

    9.33

    2.4

    Fuels & minerals

    2.32

    0.6

    Import

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    Imports reached US$39.45 billion in October, down one percent month-on-month but up 16.8 percent compared to last year. For the January–October period, imports climbed 18.6 percent to US$371.44 billion, which includes:

    • Domestic sector: US$117 billion, up 2.8 percent; and
    • Foreign-invested sector: US$254.44 billion, up 27.6 percent

    Vietnam imported 47 product categories valued at over US$1 billion each, accounting for 93.9 percent of the total import value. Among these, four categories exceeded US$10 billion, representing 52.7 percent of the total.

    Vietnam’s import structure in the first 10 months of 2025 is as follows:

    • Capital goods: US$348.23 billion (93.8 percent)
      • Machinery, equipment, tools, spare parts: 52.6 percent
      • Raw materials & fuels: 41.2 percent
    • Consumer goods: US$23.21 billion (6.2 percent)

    Additionally, China remained Vietnam’s largest supplier, providing goods worth US$150.9 billion.

    Takeaway

    Vietnam’s economic performance in 2025 has been robust, with a notable GDP growth of 8.23 percent in Q3, primarily driven by strong industrial output and manufacturing. Business sentiment in the country appears positive, as its FDI grew significantly to $31.52 billion in the first 10 months.

    Overall, despite global challenges, Vietnam continues to demonstrate resilience and promising growth prospects across various sectors.

    See also: Reshaping Vietnam’s Socio-Economic Zones: A Post-Merger Outlook

    About Us

    Vietnam Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Hanoi, Ho Chi Minh City, and Da Nang in Vietnam. Dezan Shira & Associates also maintains offices or has alliance partners assisting foreign investors in China, Hong Kong SAR, Indonesia, Singapore, Malaysia, Mongolia, Dubai (UAE), Japan, South Korea, Nepal, The Philippines, Sri Lanka, Thailand, Italy, Germany, Bangladesh, Australia, United States, and United Kingdom and Ireland.

    For a complimentary subscription to Vietnam Briefing’s content products, please click here. For support with establishing a business in Vietnam or for assistance in analyzing and entering markets, please contact the firm at vietnam@dezshira.com or visit us at www.dezshira.com

     

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  • Just a moment…

    Just a moment…

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  • The Strad news – Winners announced of the 2025 Young Concert Artists auditions

    The Strad news – Winners announced of the 2025 Young Concert Artists auditions

    Read more news stories here

    Young Concert Artists (YCA) has announced the winners of its final round of the 2025 Susan Wadsworth International Auditions, which took place in New York City on 9 November. They three winners are violinist Claire…

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  • 'It's a huge scandal': Polish MP hits out over delay for GTA VI – Euronews.com

    1. ‘It’s a huge scandal’: Polish MP hits out over delay for GTA VI  Euronews.com
    2. Take-Two CEO Is ‘Highly Confident’ on New GTA 6 Release Date, But Says When Games Are Released Too Early, ‘Bad Things Happen’  IGN
    3. Grand Theft Auto VI delayed again -…

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  • Fight By Fight Preview | VeChain UFC 322: Della Maddalena vs Makhachev

    Fight By Fight Preview | VeChain UFC 322: Della Maddalena vs Makhachev

    It might happen that way, but Della Maddalena could just as easily show that divisions are in place for a reason and that he’s in no way ready to cede the welterweight throne to anyone, including an all-time great moving up with designs on…

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  • CONNECT TarGeT – a clinical trial into childhood brain cancer

    CONNECT TarGeT – a clinical trial into childhood brain cancer

    We’re pleased to announce that we’re contributing £1.5m to an ambitious clinical trial that which to accelerate new treatments for childhood brain cancers.

    CONNECT TarGeT is an adaptive umbrella clinical trial for people aged…

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  • Laura Marano & Antonio Banderas Shark Thriller ‘Above & Below’ Wraps

    Laura Marano & Antonio Banderas Shark Thriller ‘Above & Below’ Wraps

    EXCLUSIVE: On the eve of the American Film Market, sales firm Capture has revealed deals on recently wrapped shark thriller Above And Below, starring Laura Marano, Christina Ochoa and Antonio Banderas.

    Deals have closed for…

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  • NBA Fantasy: Start/sit guide for Week 4

    NBA Fantasy: Start/sit guide for Week 4

    Rookie Kon Knueppel has taken control of the Hornets’ starting small forward role.

    While Week 4 doesn’t offer us an optimal schedule in terms of teams with four-game weeks, it’s still a 15-15 split in terms of teams with a full ledger and…

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  • Pax Romana Brings Anno To Consoles on Day 1

    Pax Romana Brings Anno To Consoles on Day 1

    In Anno 117: Pax Romana you play as a newly-appointed Roman governor in charge of building the empire’s next great city. Throughout your journey you’ll establish intricate production chains, research new technologies, patronize a variety of…

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