Maintaining strong recovery momentum, GDP in the third quarter increased by 8.23%

At the press conference announcing the socio -economic situation report for the third quarter and the first 9 months of 2025 on the morning of October 6, Ms. Nguyen Thi Huong - Director of the General Statistics Office said that GDP in the first 9 months of the year is estimated to increase by 7.85% over the same period, with the third quarter alone increasing strongly by 8.23%.

"The GDP growth rate in the first nine months and the third quarter of 2025 are both at the highest level in the 2011-2025 period, just after the surge in the same period in 2022. This result affirms that the economy is recovering firmly and comprehensively in most areas," Ms. Huong shared.

The main growth drivers continued to come from the processing and manufacturing industry and the service sector. In the first nine months of the year, the industrial and construction sector grew by 8.69%, contributing 43.05% to the overall growth, of which the processing and manufacturing industry grew by 9.92% – a bright spot in the economy.

The service sector increased by 8.49%, contributing the most with 51.59%, thanks to the strong increase in purchasing power of goods, services and domestic tourism . The agriculture, forestry and fishery sector increased by 3.83%, continuing to play an important supporting role. The economic structure in the first 9 months showed that services accounted for the largest proportion (42.92%), followed by industry - construction (37.58%) and agriculture, forestry and fishery (11.30%).

The economy maintained strong recovery momentum in the first 9 months of 2025.

Industrial production grew strongly with the index of production (IIP) in the first 9 months estimated to increase by 9.1% - the highest level since 2020, of which processing and manufacturing increased by 10.4%. This improvement was mainly due to businesses boosting production for export.

Trade and tourism activities were also vibrant. Total retail sales of goods and consumer service revenue in the first 9 months reached VND5,176 trillion, up 9.5% over the same period. The number of international visitors to Vietnam reached more than 15.4 million, up 21.5%.

Confidence among the business community and investors continues to increase. In the first 9 months, the country had 231,300 newly established and re-operated enterprises, up 26.4% over the same period, with an average of 25,700 enterprises entering the market each month.

On the other hand, in the first 9 months of 2025, the number of enterprises temporarily suspending business was 99.5 thousand, up 14.5% over the same period last year; 53.2 thousand enterprises suspended operations pending dissolution procedures, down 13.5%; 22.3 thousand enterprises completed dissolution procedures, up 45.0%. On average, 19.4 thousand enterprises withdrew from the market per month.

Total social investment capital reached VND2,701.8 trillion, up 11.6%. Notably, realized FDI capital reached USD18.8 billion - the highest level in the 2021-2025 period, up 8.5% over the same period.

Macroeconomic indicators remained stable. Total import-export turnover in the first 9 months reached 680.66 billion USD, up 17.3%, with a trade surplus of 16.82 billion USD. Total state budget revenue was nearly 1,926 trillion VND, equal to 97.9% of the year's estimate and up 30.5%. Average CPI increased by 3.27%, core inflation by 3.19%, showing that prices are still under control. Credit growth by the end of September reached 13%, while the stock market remained vibrant, VN-Index increased by 31.2% compared to the end of 2024.

The economic picture for the first 9 months of 2025 shows that Vietnam is maintaining a strong recovery, balancing growth, macroeconomic stability and market confidence - an important foundation for the whole year's growth target.

Thu An

Source: https://doanhnghiepvn.vn/kinh-te/duy-tri-da-phuc-hoi-manh-gdp-quy-iii-tang-8-23/20251006112935691