AMRO said the economy has shown notable resilience in the face of prolonged global uncertainty, with growth supported by export-oriented manufacturing, sustained foreign direct investment (FDI) and stable domestic demand.
Chief Economist Anthony Tan said Vietnam’s economic growth is projected to ease to around 7.2% in 2026-2027 as momentum from strong export demand last year gradually weakens, while domestic demand is expected to remain stable, supported by ongoing policy measures, including the extension of value-added tax (VAT) reductions and planned public infrastructure spending.
Inflation has so far remained contained, staying below the government’s operational ceiling of 4.5%, AMRO said. However, escalating tensions in the Middle East since February 28 have pushed up global energy prices, leading to a sharp rise in retail fuel prices in Vietnam in early March. Prolonged high energy prices could weigh on growth by increasing inflationary pressures and dampening domestic demand.
