Singapore-based United Overseas Bank has raised its forecast for Vietnam’s 2026 GDP growth to 8.5 per cent from 7 per cent earlier.
Manufacturing remained the economy’s main growth engine.
The manufacturing sector grew by 11.4 per cent YoY during Q2 2026.
The robust volume of newly registered FDI also provides a solid foundation for stronger disbursements in the remaining months of the year.
Its latest economic update observed that the outcome reflected broad-based momentum across industry, construction, services and agriculture, helping the country retain its position as the fastest-growing economy in the Association of Southeast Asian Nations (ASEAN) region.
The country’s growth expanded by 8.39 per cent year on year (YoY) in the second quarter (Q2) this year from 7.94 per cent in the first quarter, lifting the first half’s (H1) figure to 8.18 per cent.
The industrial and construction sector expanded 10.51 per cent YoY in Q2 2026, while manufacturing grew by 11.4 per cent YoY, according to domestic media reports.
Disbursed foreign direct investment (FDI) reached about $13 billion in H1 2026—up by 11.2 per cent YoY, while newly registered FDI surged by 61 per cent YoY to $34.7 billion during the period.
The figures highlighted Vietnam’s continued attractiveness as the ongoing diversification of global supply chains continues to benefit the country, the bank’s report noted.
The robust volume of newly registered FDI also provides a solid foundation for stronger disbursements in the remaining months of the year, potentially making 2026 one of the country’s strongest years for attracting foreign inflows, it stressed.
Fibre2Fashion News Desk (DS)
