According to UOB's report on Vietnam's economic growth in the first half of 2026, GDP grew 8.39% year-on-year in the second quarter, up from 7.94% in the first quarter. This lifted first-half GDP growth to 8.18%.
This significantly exceeded the UOB's previous expectations, despite prolonged geopolitical tensions in the Middle East and elevated energy prices, and reflected broad expansion in Vietnam’s industrial, construction, services, and agricultural sectors.
The UOB said Vietnam remains the fastest-growing economy in ASEAN, with regional peers posting growth of between 2.8% and 6% in the first quarter and likely recording slower expansion in the second quarter. The bank noted that the Government’s continued fuel price support measures, together with efforts to promote electric vehicles and biofuels, have helped to ease inflationary pressures.
