Vietnam’s economy outperformed expectations in the final quarter of 2025, as robust activity in manufacturing, investment, and trade allowed the nation to weather U.S. tariffs.
Gross domestic product expanded 8.46% in the October-December period from a year earlier, according to data released by the National Statistics Office in Hanoi. The figure topped the 7.70% median estimate in a Bloomberg survey of analysts.
Growth was broad-based across sectors, with industry and construction expanding 9.73%, services advancing 8.82%, and agriculture increasing 3.70%. On the trade front, Vietnam’s exports and imports both surged during the quarter, rising 19.34% and 19.40%, respectively.
Vietnam remained one of the world’s fastest-growing economies, supported by aggressive lending, a weaker dong, and a tourism rebound, which helped counter the impact of a 20% U.S. tariff imposed in August.
For the full year, GDP grew 8.02%, slightly missing the government’s 8.3%-8.5% target. Even so, this marked the strongest quarterly growth since late 2007 and the best annual performance since 2011.
