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1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesVietnam’s gross domestic product (GDP) was estimated to grow 9.95% year on year in the July–September quarter of 2026, according to figures from the National Statistics Office reported on October 3. That is a comparison with Q3 2025—not growth from the previous quarter. For January through September, the reported year-on-year growth rate was 9.01%.
What does 9.95% growth mean?
The 9.95% figure compares Vietnam’s estimated real economic output in Q3 2026 with output in Q3 2025. It does not mean the economy expanded 9.95% between Q2 and Q3. The National Statistics Office director, Nguyen Thi Huong, presented the estimate at an October 3 press conference, according to VietnamPlus. Vietnam Government News also reported the Q3 estimate.
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How did growth compare across 2026?
The reported year-on-year growth rate increased in each of the first three quarters. The January–September figure covers the nine months together, so it is a cumulative rate rather than a fourth quarterly reading.
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| Period | GDP growth, year on year | What it measures |
|---|---|---|
| Q1 2026 | 8.15% | January–March 2026 compared with the same months of 2025 |
| Q2 2026 | 8.81% | April–June 2026 compared with the same months of 2025 |
| Q3 2026 | 9.95% | July–September 2026 compared with the same months of 2025 |
| January–September 2026 | 9.01% | The first nine months of 2026 compared with the first nine months of 2025 |
These National Statistics Office estimates were reported by VietnamPlus and Vietnam Government News. The nine-month rate is below the Q3 rate because it includes Q1 and Q2 as well as Q3.
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Which sectors contributed most to growth?
Vietnam Government News reported the following January–September sector growth rates and shares of total value-added growth. A growth rate shows how much a sector expanded; the contribution figure shows its share of the overall increase in value added.
| Sector | Growth, year on year | Contribution to total value-added growth |
|---|---|---|
| Agriculture, forestry and fisheries | 4.02% | 5.35% |
| Industry and construction | 11.21% | 49.62% |
| Services | 8.96% (Vietnam Government News); 8.69% (VietnamPlus) | 45.03% |
The two outlets agree on the agriculture and industry growth rates and on all three contribution shares, but report different services growth rates. The discrepancy is not resolved in their accounts, so the services rate should be treated as disputed. In the Government News breakdown, industry and construction made the largest contribution to nine-month value-added growth.
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What other indicators were reported?
Vietnam Government News said industrial production (IIP) grew 12.3% year on year over the first nine months of 2026. It also reported goods trade turnover of US$888.02 billion, up 30.4%, with imports exceeding exports and a goods trade deficit of US$19.42 billion. These are additional indicators of economic activity; the report does not establish them as causes of the GDP growth rate.
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Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →What growth does Vietnam need in Q4 to meet its goal?
Prime Minister Le Minh Hung said on October 3, while chairing a Cabinet meeting with localities, “To achieve this year’s double-digit growth goal, GDP growth in the fourth quarter must exceed 12.5 percent.” Vietnam Government News reported the statement. This is the Q4 pace the government says is required to reach its full-year goal, not a forecast that growth will reach that level.
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What the figures do not establish
The cited reports do not detail the estimate’s methodology, whether the quarterly figures are seasonally adjusted, or the schedule for revisions. Those details cannot be inferred from the headline growth rate. The figures are estimates attributed to the National Statistics Office, as reported by the named outlets.
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