Vietnam economic - March 2026: Maintained solid growth momentum
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![]() Vietnam’s economy maintained solid growth momentum, with IIP up +10.36% YoY, manufacturing +11.48% YoY, and PMI at 54.3, indicating improving production and new orders.
Exports reached USD 76.4bn (+18.3% YoY), while imports grew faster (+26.3% YoY), reflecting rising demand for inputs in the new production cycle. Investment remained a key driver, with public investment disbursement and FDI maintaining growth.
However, domestic consumption slowed (real growth ~4.5% YoY – the lowest in four years), while exports remained dependent on the FDI sector and domestic enterprises continued to weaken.
Exchange rate, liquidity and interest rate pressures increased, with rising borrowing costs potentially weighing on investment and consumption. In the near term, risks from higher energy prices, geopolitical tensions and trade policy uncertainty may pose challenges to macro stability and export performance. |
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TABLE OF CONTENTS
A. EXECUTIVE SUMMARY
B. KEY DEVELOPMENTS IN THE U.S./ISRAEL–IRAN CONFLICT
C. KEY MARKET INDICATORS TO WATCH
D. SECTOR HIGHLIGHTS – JAN–FEB 2026
E. VIETNAM MACROECONOMIC CONDITIONS
Business performance of enterprises
Domestic production activities
Business environment and operating conditions
External trade performance
Overview
Market structure
Export developments across selected product groups
Bilateral trade between Vietnam and the Middle East
Domestic consumption trends
State budget and investment developments
F. FINANCIAL MARKETS
Credit system
Government bond market
Corporate bond market
Stock market
G. SECTORAL ECONOMIC PERFORMANCE
Transportation and logistics
Tourism
Steel
Cement
Textile and garment
Fisheries – Pangasius and shrimp
Fertilizers
Rubber
Agricultural commodities – Rice, cashew, coffee, pepper
H. COMMODITY PRICES AND EXCHANGE RATE MOVEMENTS
Exchange rate pairs
Prices of selected international and domestic commodities
International freight rates

















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