The Vietnamese economy saw its third-quarter 2025 GDP grow by 8.23%, marking the second-highest rate in 15 years. This strong performance propelled the nine-month growth rate to 7.85%. The impressive quarterly result was driven by three key sectors: manufacturing, services, and domestic consumption. All three sectors post strong growth On October 6, 2025, the National Statistics Office (NSO) officially released its socioeconomic data for the third quarter and the first nine months of the year. The “estimates” announced previously at the Government’s online conference had already signaled these positive results. According to the NSO report, Q3 GDP grew by 8.23% year-on-year, the second-highest rate for this period between 2011 and 2025, just below the record 14.38% in the same quarter of 2022. For the first nine months, GDP growth reached 7.85%, also second only to the 9.44% recorded in the same period of 2022. “This result is very close to the target of 8% growth for the year,” stated Nguyen Thi Mai Hanh, head of the National Accounts System Department at the NSO. Notably, all three major economic sectors showed strong growth over the past nine months: agriculture, forestry, and fisheries grew by 3.83%; industry and construction by 8.69%; and […]