In 2025, Vietnam’s GDP grew by 8%, beating UOB’s forecast of 7.7% but still falling short of the Government’s target of 8.3–8.5%, which would have needed an extraordinary boost in the final quarter.
UOB projected Malaysia's real GDP growth at 4.5% in 2026, at the upper end of the government's 4-4.5 % target.
As Vietnam enters 2026 - the first year of the 2026–2030 socio-economic development plan, international organisations stress that maintaining macroeconomic stability, improving growth quality and staying the course on fundamental reforms will be crucial in turning positive assessments into tangible outcomes and shaping a more sustainable development cycle ahead.
UOB economists noted that Vietnam's third-quarter 2025 real GDP growth hit 8.23% year-on-year, the strongest since the post-pandemic rebound in the second quarter of 2022.
UOB recently raised its 2025 GDP growth forecast for Vietnam to 7.7%, close to the Government’s 8% target. The revision reflects robust results in the first three quarters of 2025, particularly in manufacturing and exports, placing Vietnam among the fastest-growing economies in ASEAN.
A UOB survey shows that Vietnamese consumers are the most optimistic in ASEAN, with GDP growth and political stability boosting personal spending and investment.
Vietnam recorded the highest score on the newly launched UOB ASEAN Consumer Sentiment Index at 67, well above the regional average of 54 and a three-point increase from last year. This reflects sustained confidence among Vietnamese consumers in both the national economy and their personal financial outlook.
Vietnam’s real GDP surged by 8.23% year-on-year in Q3, supported by strong exports performance and production despite US tariffs, according to Singapore’s United Overseas Bank.
Vietnam’s consumer sentiment led the region with 67 points, up three points from last year, according to the UOB ASEAN Consumer Sentiment Study 2025.
The following is a brief review of the day’s events as reported by the Vietnam News Agency.
The Singapore-based United Overseas Bank (UOB) has revised its forecast projection for Vietnam’s GDP growth, upward to 6.9% for 2025 from its previous projection of 6%, following the strong performance in the second quarter.
Based on these assumptions and after factoring in the impacts on manufacturing and FDI inflows, UOB's Global Economics & Market Research Unit estimated that Vietnam’s GDP growth in 2025 will be 0.9 percentage point higher than its initial baseline forecast, reaching 6.9% compared to the previous projection of 6.0%.
According to a report released by UOB's Global Economics & Market Research Unit released on July 8, Vietnam’s real GDP grew by a robust 7.96% year-on-year in the second quarter of 2025, significantly exceeding Bloomberg’s forecast of 6.85%, UOB’s projection of 6.1%, and the revised growth figure of 7.05% in the first quarter.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
Amidst escalating global trade tensions, Vietnam’s economy is poised to maintain stable growth in 2025, UOB Vietnam experts said at their recent “global and Vietnam economic outlook 2025” event.
Vietnam is likely to secure an annual growth of 8% in 2025, which could grow to double-digit levels in 2026-2030, according to Suan Teck Kin, executive director of Global Economics and Markets Research at Singapore-based United Overseas Bank (UOB).
The Singapore-based United Overseas Bank (UOB) has raised its GDP growth forecast for Vietnam in 2025 to 7%, up from the previous projection of 6%.
Singapore-based United Overseas Bank (UOB) has revised its forecast for Vietnam’s 2025 GDP growth to 7% from its previous projection of 6.6%, following the strong momentum from 2024.
The Singapore-based United Overseas Bank (UOB) has raised its GDP growth forecast for Vietnam in 2025 to 7%, up from the previous projection of 6%, given the strong momentum that carried over from 2024 and pricing in the potential downside from future trade conflicts under the US administration.
Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man received Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of United Overseas Bank (UOB) – one of the world’s top banks, within the framework of his ongoing official visit to Singapore on December 2.