Vietnam GDP grows 9.95% in Q3, fastest pace in four years越南第三季度GDP增长9.95%，创四年来最快增速

01The Story新闻事实

Vietnam’s economy grew 9.95% year on year in the third quarter, accelerating from a revised 8.81% growth rate in April-June and marking its fastest pace in four years. Strong industry and construction growth supported the expansion, but the country recorded a $19.4 billion trade deficit in the first nine months. About 12% fourth-quarter growth is needed to meet the full-year target.越南经济第三季度同比增长9.95%，高于修正后的第二季度8.81%，创四年来最快增速。工业和建筑业的强劲增长支撑了经济扩张，但越南今年前九个月录得194亿美元贸易逆差。要实现全年目标，第四季度经济需要增长约12%。

• Vietnam’s economy grew 9.95% in the third quarter, its fastest pace in four years.越南经济第三季度增长9.95%，创四年来最快增速。
• Third-quarter growth accelerated from a revised 8.81% in April-June.第三季度增速高于修正后的4月至6月8.81%。
• Strong growth in industry and construction supported the expansion.工业和建筑业的强劲增长支撑了经济扩张。
• Vietnam recorded a $19.4 billion trade deficit in the first nine months, as imports surged faster than exports.由于进口增速快于出口，越南今年前九个月录得194亿美元贸易逆差。
• About 12% growth in the fourth quarter is needed to achieve the full-year target.要实现全年目标，第四季度需要增长约12%。

Vietnam’s strong third-quarter expansion improves its growth trajectory, but meeting the full-year target depends on an exceptionally strong fourth quarter amid a widening trade deficit.越南第三季度的强劲扩张改善了全年增长走势，但在贸易逆差扩大的背景下，实现全年目标仍取决于第四季度能否保持极高增速。

023 Dimensions维度分析

03Timeline时间线

1. 2026-10-03 Vietnam reported third-quarter economic growth of 9.95%, while the statistics office said about 12% fourth-quarter growth is needed to meet the full-year target.越南公布第三季度经济增长9.95%；统计部门表示，要实现全年目标，第四季度需要增长约12%。

Key takeaway核心结论

Vietnam’s four-year-high third-quarter growth strengthens its outlook, but the full-year target remains dependent on an unusually strong fourth quarter.越南第三季度创四年来新高的增长改善了经济前景，但全年目标仍取决于第四季度能否实现异常强劲的增长。

04What to Watch后续关注

1. Whether fourth-quarter growth reaches the roughly 12% pace needed for the full-year target.第四季度增长能否达到实现全年目标所需的约12%。
2. Whether industry and construction continue to support economic growth.工业和建筑业能否继续支撑经济增长。
3. Whether imports continue to grow faster than exports and sustain the trade deficit.进口是否继续快于出口增长，并延续贸易逆差。

05Uncertainties不确定因素

• The source does not specify the numerical level of the full-year growth target.消息来源未说明全年经济增长目标的具体数值。
• The source does not provide separate growth figures for industry or construction.消息来源未提供工业或建筑业的具体增长数据。

06Sources信息来源

1. Vietnam's economy grew 9.95% in Q3, fastest pace in 4 years - Nikkei AsiaVietnam's economy grew 9.95% in Q3, fastest pace in 4 years - Nikkei Asia Nikkei Asia · 2026-10-03

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