The bank also revised its inflation forecasts to 3.4 per cent for 2025 and 3.7 per cent for 2026, citing stronger-than-expected economic momentum and easing price pressures.
Vietnam continues to reinforce its position in global supply chains, supported by robust trade activity and deeper integration through multiple free trade agreements.
The country’s export value reached USD 42.7 billion in September, up 24.7 per cent year-on-year, driven by strong gains in electronics and computers (66.2 per cent), telephones (17.5 per cent), and machinery (11.6 per cent).
Imports rose 24.9 per cent to USD 39.8 billion, fuelled by electronics and computer components (43.6 per cent) and machinery (33.6 per cent), signalling rising production demand.
Vietnam’s external position remains strong, supported by healthy trade flows and a stable foreign exchange outlook. After earlier depletion amid a stronger USD, foreign reserves are expected to be rebuilt as macroeconomic conditions improve.
Domestic credit growth has exceeded 15 per cent year-on-year, reflecting stronger business confidence and rising financing needs. Lending remains robust thanks to favourable liquidity conditions and government measures aimed at boosting growth.
Foreign direct investment remains a key growth driver. Disbursed FDI reached USD 18.8 billion in the first nine months of 2025, up 8.5 per cent year-on-year, while pledged FDI climbed 15.2 per cent to USD 28.5 billion.
Standard Chartered expects the refinancing rate to remain at 4.5 per cent for the rest of 2025 and into 2026, maintaining accommodative conditions for investment.
Tim Leelahaphan, Senior Economist for Vietnam and Thailand, said Vietnam’s resilience and adaptability are demonstrated by its ability to attract strong FDI and sustain export momentum, reinforcing its strategic role in global supply chain diversification and positioning the economy for continued expansion.