Vietnam Macro Update in February 2026 and Key Information in March

Summary of key information:

• Vietnam’s economy continues to grow stably, particularly in exports, FDI activity, and industrial production.
• Many headwinds are emerging, including tightening domestic liquidity, elevated funding costs (interest rates), and adverse spillover effects from geopolitical tensions in the Middle East.
• The equity market is entering a corrective phase and is unlikely to stage an immediate rebound in the near term. Notably, persistent net foreign outflows in March remain a key development.
• As previously warned, the Vietnamese stock market currently offers limited opportunities for sharp upside in the short term. Nevertheless, these correction phases present rare opportunities for investors to increase exposure to selected long-term positions.
• However, the ongoing conflict in the Middle East is expected to drive profound and lasting shifts in the global economic landscape, with implications for Vietnam. In this context of heightened uncertainty, we recommend investors remain cautious, continue to monitor developments closely, and conduct necessary due diligence to be well-positioned to capture attractive opportunities that may arise in the period ahead.

(EN) GTJASVN_Macro Report_Vietnam Macro Feb Statistics & Key highlights in March_31.3.2026