Vietnam’s Q2 GDP grows 8.39%, H1 up 8.18% YoY

Vietnam’s economy grew by an estimated 8.39 per cent year on year (YoY) in the second quarter (Q2) this year, with all major sectors witnessing strong growth, according to the National Statistics Office (NSO).The country saw positive growth across most industries despite a challenging international economic environment, NSO director Nguyen Thi Huong said releasing socio-economic data for the quarter and the first half (H1) of the year.

Vietnam’s GDP rose by 8.18 per cent YoY in H1 2026.
Industrial value added rose by 9.86 per cent, contributing 40.35 per cent to total growth.
Manufacturing remained the key growth engine, expanding by 10.23 per cent YoY.
Final consumption rose by 8.15 per cent YoY, exports of goods and services increased by 20.18 per cent YoY, while imports grew by 26.44 per cent YoY in H1 2026.

In Q2 2026, industry and construction recorded the strongest performance, growing by 10.51 per cent YoY and accounting for 50.07 per cent of overall growth.

Gross domestic product (GDP) increased by 8.18 per cent YoY in H1 2026 compared with a YoY growth of 7.63 per cent in the same period last year. Industry and construction expanded by 9.81 per cent YoY during the period, accounting for 47.2 per cent of total growth, domestic media outlets reported.

The industrial sector saw strong momentum, backed by recovering export orders, strengthened growth drivers and the positive impact of public investment. Industrial value added increased by 9.86 per cent in H1 2026, contributing 40.35 per cent to total economic growth.

Manufacturing remained the key growth engine, expanding by 10.23 per cent YoY and contributing 33.07 per cent to overall growth in H1 2026.

Final consumption rose by 8.15 per cent YoY, gross capital formation jumped by 15.2 per cent YoY, exports of goods and services increased by 20.18 per cent YoY, while imports grew by 26.44 per cent YoY in the first half this year.

Fibre2Fashion News Desk (DS)