Vietnam stands as one of the two economies in ASEAN-6 to sustain growth in Q3, alongside Malaysia. With an impressive 8.23% increase, Vietnam not only leads the region but also marks its second-highest annual growth rate in over a decade, second only to Q3 2022 post-reopening.
Over the first nine months, GDP grew by 7.85%, signaling a robust and sustained recovery. This achievement is driven by balanced expansion across all three sectors. Agriculture, forestry, and fisheries grew by 3.83%, ensuring stable food supply despite fluctuating weather and commodity prices.
The industrial and construction sectors surged by 8.69%, with manufacturing nearing 10%, reflecting a rebound in electronics exports and increased capacity in FDI-driven factories. Services expanded by 8.49%, contributing over half of the overall growth, fueled by domestic consumption, tourism, logistics, and transportation improvements.
Vietnam’s GDP Growth Outpaces Thailand by Sevenfold
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This balanced growth is a rarity in ASEAN-6, where many economies rely heavily on a few key drivers. As a result, major institutions like Standard Chartered, HSBC, UOB, and ADB have revised Vietnam’s 2025 growth forecast upward by 1-1.5 percentage points.
In contrast, other ASEAN-6 economies show uneven growth. Malaysia ranks second at 5.2%, but its outlook remains cautious. Indonesia holds steady at around 5%, while the Philippines drops to 4% due to weak consumption and investment. Singapore grows at 2.9%, impacted by global trade slowdowns, and Thailand lags at 1.2%, its lowest since 2021, due to declining production, slow export recovery, and tourism failing to offset industrial weaknesses.
Amid this divergence, Vietnam shines with growth nearly seven times that of Thailand and three times Singapore’s. Sputnik highlights Vietnam’s robust and sustainable expansion as the key to its resilience in a volatile regional landscape.
This momentum positions Vietnam as a Southeast Asian focal point, with ample room for growth in manufacturing, consumption, and exports.
– 14:00 23/11/2025
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