Vietnam's Q3 2025 GDP grew 9.95% year-on-year, the fastest pace since Q3 2022, while September CPI rose 5.08% year-on-year and the trade balance posted a $1.27 billion surplus with exports up 39.1% and imports up 45.8%.
Vietnam's economy is expanding at its fastest rate since 2022 alongside strong trade and FDI inflows, even as inflation accelerated to 5.08%. Strong exports, trade surplus and FDI inflows tend to support the dong, while faster inflation can offset that by pressuring the State Bank of Vietnam toward caution, leaving the net effect on USD/VND mixed.