Q4 Growth Reaches 8.46%
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Highest Q4 Growth Since 2011
The Gross Domestic Product (GDP) in Q4/2025 is estimated to increase by 8.46% compared to the same period last year, marking the highest growth rate for Q4 during the 2011-2025 period. This continues the trend of each quarter outperforming the previous one (Q1: 7.05%, Q2: 8.16%, Q3: 8.25%).
Specifically, the agriculture, forestry, and fisheries sector grew by 3.70%, contributing 5.13% to the overall value-added increase; the industrial and construction sector rose by 9.73%, contributing 45.80%; and the service sector increased by 8.82%, contributing 49.07%.
Regarding GDP utilization in Q4/2025, final consumption rose by 7.15% year-on-year; asset accumulation increased by 8.92%; exports of goods and services grew by 19.34%; and imports of goods and services increased by 19.40%.
For the entire year of 2025, GDP growth was robust, reaching an estimated 8.02% compared to the previous year, second only to the growth rate of 2022 during the 2011-2025 period.
Within the total value-added of the economy, the agriculture, forestry, and fisheries sector increased by 3.78%, contributing 5.30%; the industrial and construction sector grew by 8.95%, contributing 43.62%; and the service sector rose by 8.62%, contributing 51.08%.
Despite adverse impacts from storms and floods, timely implementation of response and recovery measures ensured stable production in agriculture, forestry, and fisheries. The value-added in agriculture in 2025 is estimated to increase by 3.48% year-on-year, contributing 3.59% to the total value-added growth; forestry grew by 5.70% but contributed only 0.38% due to its low share; and fisheries increased by 4.41%, contributing 1.33%.
In the industrial and construction sector, the industrial sector achieved its highest growth since 2019. The value-added in the industrial sector in 2025 is estimated to increase by 8.80% year-on-year, contributing 35.15% to the overall value-added growth.
Within this sector, manufacturing grew by 9.97%, the highest rate during 2019-2025, remaining a key driver of economic growth, contributing 31.49%. Water supply, waste management, and wastewater treatment increased by 7.82%, contributing 0.60%. Electricity production and distribution grew by 6.39%, contributing 2.94%. Mining increased by 0.42%, contributing 0.13%. Construction grew by 9.62%, contributing 8.47%.
Notably, trade and tourism activities surged, with international visitor arrivals to Vietnam in 2025 reaching an all-time high, significantly contributing to the service sector’s growth. The value-added in the service sector in 2025 is estimated to increase by 8.62%, second only to the 10.66% growth in 2022 during the 2011-2025 period.
Key service industries with substantial shares made significant contributions to the overall value-added growth, including: wholesale and retail trade, which grew by 8.52% year-on-year, contributing 10.62%; transportation and storage, which increased by 10.99%, contributing 8.69%; financial, banking, and insurance activities, which grew by 7.82%, contributing 5.72%; and accommodation and food services, which increased by 10.02%, contributing 3.34%.
In terms of the economic structure in 2025, the agriculture, forestry, and fisheries sector accounted for 11.64%; the industrial and construction sector for 37.65%; the service sector for 42.75%; and taxes less subsidies on products for 7.96% (compared to 12.03%, 37.52%, 42.35%, and 8.10% in 2024, respectively).
Regarding GDP utilization in 2025, final consumption increased by 7.95% compared to 2024; asset accumulation grew by 8.68%; exports of goods and services increased by 16.27%; and imports of goods and services grew by 17.12%.
According to the General Statistics Office, the GDP at current prices in 2025 is estimated at 12,847.6 trillion VND, equivalent to 514 billion USD, an increase of 38 billion USD compared to 2024 (476 billion USD). The per capita GDP in 2025 at current prices is estimated at 125.5 million VND/person, equivalent to 5,026 USD, an increase of 326 USD compared to 2024 (4,700 USD).
– 15:35 05/01/2026
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