Business News

HCMC’s economy expanded 7.07% in the first nine months of this year, showing signs of steady recovery, according to the city’s Statistics Office. The city’s gross regional domestic product (GRDP) rose 8.11% year-on-year in the third quarter, 0.87 percentage point higher than in the second quarter. The growth trend contrasts with earlier forecasts from international institutions, which said there would be a slowdown in the second half due to external risks.

Vietnam’s gross domestic product (GDP) rose an estimated 8.22% in the third quarter against the year earlier, the highest growth rate for the period since 2011, excluding the post-pandemic rebound in 2022, the Ministry of Finance said. At a Government meeting on October 5, Finance Minister Nguyen Van Thang said the economy maintained growth momentum despite external risks and domestic challenges.

Bac Ninh Province attracted more than US$15.3 billion in investment in the first nine months of this year, the highest level of foreign direct investment (FDI) among Vietnam’s provinces, reported local media. The northern province licensed 162 new domestic projects with fresh capital of VND256.1 trillion and 262 FDI projects worth US$1.51 billion.

Vietnam is expected to be one of Southeast Asia’s fastest-growing resort markets this year, driven by a rebound in international arrivals, industry experts said at a recent hospitality conference. The Meet The Experts (MTE) conference, organized on October 1 by Savills Hotels, WeHub, and partners, is one of the region’s largest annual real estate and hospitality forums.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

According to the Ministry of Industry and Trade’s online portal, after surging at the beginning of the month, global rubber prices fell sharply by month-end amid peak harvesting in Southeast Asia. In China, natural rubber prices dropped 5.6% to 14,490 yuan per ton. Over the first nine months, Vietnam exported 1.3 million tons of rubber worth US$2.32 billion, up 10.8% in value compared to the same period last year. 

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In the first six months of 2025, the region’s GDP saw a robust growth rate of 11.2 per cent, with the industrial sector surging over 12.8 per cent and services by 9.9 per cent. Cumulative FDI in post-merger Haiphong has now exceeded $50 billion, coming from 1,724 active projects, primarily in key sectors such as processing, manufacturing, and logistics.