Vietnam expects economic growth to reach 8.22% in Q3

VIETNAM’S economy likely expanded 8.22 per cent from a year earlier in the third quarter, driven by 10 per cent growth in the manufacturing sector, according to Finance Minister Nguyen Van Thang.

Growth in the January-September period is expected to be 7.84 per cent, Thang said in a post on the government website. Consumer prices rose 3.38 per cent in September, according to the minister’s estimates.

Vietnam’s mining industry has recovered and expanded 9.8 per cent in the third quarter, while growth in services climbed 8.54 per cent, according to the post.

The government has set an ambitious goal of 8.3-8.5 per cent growth in 2025, despite the Trump administration’s imposition of a 20 per cent tariff on the export-dependent economy. The authorities will continue boosting investment and domestic consumption, while “strongly develop new growth drivers such as technologies and digital transformation”, the post said.