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Analysis by Region - Emerging Markets - Vietnam

Publisher Oxford Economics
Published Oct 31, 2025
Length 7 Pages
SKU # OFE20535903

Description

We’ve raised our GDP growth forecasts for Vietnam to 8% y/y for 2025 and 7.3% for 2026. The upgrades reflect resilient export momentum, solid consumption, and a government-led investment drive. While growth momentum remains strong, fading strength in wages and the consequences of higher US tariffs suggest that headline growth may temper in the coming quarters. A stronger-than-expected fiscal push poses some upside risk to our forecast.

Table of Contents

7 Pages
Vietnam: Growth momentum is still strong
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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