Singapore-based United Overseas Bank (UOB) has raised its forecast for Vietnam’s GDP growth in 2026 to 7.5% from a previous estimate of 7%, according to the bank’s latest Vietnam economic outlook report.
The country’s real GDP expanded by 8.46% year-on-year in the fourth quarter of 2025, accelerating from 8.25% in the third quarter, the report noted.
The fourth-quarter growth rate significantly exceeded Bloomberg's forecast of 7.7 percent as well as UOB's earlier projection of 7.2 percent, marking the fastest quarterly expansion since 2009, excluding the volatile period caused by the COVID-19 pandemic.
Exports continued to be the main engine of growth with a year-on-year increase of 17% in the whole year’s value, despite tariff-related headwinds.
Vietnam recorded a GDP growth of 8.02% in 2025, the second-highest rate in the 2011–2025 period.
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