Vietnam’s GDP expanded by 8.39 per cent in Q2 2026, up from 8.14 per cent a year earlier.
Growth for the first six months reached 8.18 per cent, exceeding the 7.63 per cent recorded in the same period last year.
Industry and construction continued to serve as the main growth engine.
Processing and manufacturing led the expansion, rising by 10.56 per cent YoY in Q2 and by 10.23 per cent YoY in H1 2026.
Industry and construction continued to serve as the main growth engine. Processing and manufacturing led the expansion, rising by 10.56 per cent year on year (YoY) in Q2 2026 and by 10.23 per cent YoY in H1 2026.
Final consumption rose by 7.02 per cent YoY in Q2 2026 and 8.15 per cent in H1 2026.
Household spending increased by 9.94 per cent YoY in Q2 2026 and 9.48 per cent in H1.
Consumption patterns also shifted towards higher-quality and more sustainable products, with spending on environment-friendly goods.
Merchandise trade expanded by 27.1 per cent YoY in H1 2026. Exports increased by 21 per cent, while imports climbed by 33.4 per cent YoY, according to a domestic media outlet.
Traditional growth drivers—investment, manufacturing, exports and consumption—continued to underpin the economy, NSO noted. Faster public investment disbursement, particularly for major infrastructure projects, boosted construction activity while encouraging private investment.
Manufacturing and exports remained resilient despite a slow global recovery, and stronger household consumption helped support domestic demand and economic stability.
New growth drivers like science and technology, innovation and the digital economy are gaining momentum and gradually expanding into high-tech industries and services. However, they merely remain supportive.
Fibre2Fashion News Desk (DS)
