Vietnam’s Q3 Economic Growth Surpasses 8%
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In detail, the agriculture, forestry, and fisheries sector grew by 3.74%, contributing 5.04% to the overall increase in the economy’s gross value added. The industrial and construction sector expanded by 9.46%, accounting for 46.41%, with manufacturing as the standout performer at a 9.98% growth rate. The service sector rose by 8.56%, contributing 48.55%. Regarding Q3/2025 GDP utilization, final consumption increased by 7.79% year-on-year, contributing 59.76% to the overall economic growth; asset accumulation grew by 8.97%, contributing 44.67%; exports of goods and services surged by 18.30%; and imports of goods and services rose by 18.53%.
Over the first nine months of 2025, GDP is estimated to have grown by 7.85% compared to the same period last year, second only to the 9.44% growth rate recorded in 2022 during the 2011-2025 period. The agriculture, forestry, and fisheries sector increased by 3.83%, contributing 5.36% to the total gross value added. The industrial and construction sector grew by 8.69%, contributing 43.05%, while the service sector expanded by 8.49%, contributing 51.59%.
Despite adverse weather conditions, the agriculture, forestry, and fisheries sector maintained stability due to timely disaster response measures. The sector’s value added in the first nine months of 2025 grew by 3.83%, surpassed only by the growth rates of 2011, 2018, and 2021 during the 2011-2025 period. Agriculture grew by 3.46%, contributing 3.52%; forestry by 6.46%, contributing 0.42%; and fisheries by 4.48%, contributing 1.41%.
Within the industrial and construction sector, key industries experienced significant growth, substantially contributing to the overall economic expansion. The industrial sector’s value added in the first nine months of 2025 increased by 8.55%, contributing 35.06% to the total growth. Manufacturing led with a 9.92% growth rate, contributing 31.73%, while construction grew by 9.33%, contributing 7.99%.
In the service sector, domestic consumption and tourism demand surged, particularly during national holiday celebrations, positively impacting trade and services. The sector’s value added in the first nine months of 2025 grew by 8.49%, second only to the 11.37% growth in 2022 during the 2011-2025 period. Key service industries contributed as follows: wholesale and retail trade grew by 8.28%, contributing 10.72%; transportation and storage by 10.68%, contributing 8.92%; finance, banking, and insurance by 7.06%, contributing 5.16%; and accommodation and food services by 10.15%, contributing 3.50%.
In terms of the 2025 nine-month economic structure, agriculture, forestry, and fisheries accounted for 11.30%; industry and construction for 37.58%; services for 42.92%; and product taxes less subsidies for 8.20% (compared to 11.57%, 37.59%, 42.49%, and 8.35% in the same period of 2024). Regarding GDP utilization, final consumption grew by 8.07%, contributing 73.83%; asset accumulation by 8.52%, contributing 41.43%; exports of goods and services by 15.51%; and imports by 16.75%.
– 09:10 06/10/2025
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