Vietnam’s trade balance reversed to a deficit of USD 0.67 billion in March 2026, compared with a surplus of USD 1.70 billion in the same month a year earlier. Year-on-year, exports rose 20.1% to USD 46.44 billion, while imports grew faster at 27.8% to USD 47.11 billion. For the first quarter as a whole, exports increased 19.1% to USD 122.93 billion, while imports climbed 27.0% to USD 126.57 billion, resulting in a cumulative trade deficit of USD 3.64 billion.

Vietnam Trade Balance Swings to Deficit in March

Vietnam’s GDP expanded 7.83% year-on-year in Q1 2026, slowing from a 8.46% growth in Q4 of 2025. Growth was broad-based, with all sectors posting solid gains, including industry and construction (8.92%), services (8.18%), and agriculture (3.58%).

Vietnam GDP Growth Eases to 7.83% in Q1

International arrivals to Vietnam rose 1.3% year-on-year to 2.08 million in March 2026, marking a sharp slowdown from the 17.7% surge in the previous month. The moderation was mainly due to a 6.6% decline in visitors from Asia, weighed by steep drops from China (-23.5%), South Korea (-5.3%), and Taiwan (-14.6%), despite gains from Japan (18.6%), Malaysia (34.7%), and Thailand (5.7%). By contrast, arrivals from America increased 18.9%, supported by the U.S. (18.5%) and Canada (27.0%), while European tourists jumped 34.7%, led by Russia (163.4%) alongside modest gains from the UK (3.0%), France (2.3%), and Germany (15.2%). Visitors from Australia rose 27.7%, and those from Africa grew 17.6%. For the first quarter as a whole, international arrivals climbed 12.4% year-on-year to 6.76 million.

Vietnam Tourist Arrivals Up 1.3% YoY in March

Vietnam’s annual inflation rate accelerated to 4.65% in March 2026 from 3.35% in the previous month, marking the highest figure since January 2023.

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Vietnam Trade Balance Swings to Deficit in March

Vietnam GDP Growth Eases to 7.83% in Q1

Vietnam Tourist Arrivals Up 1.3% YoY in March

Vietnam Inflation Rate Highest In Over 3 Years