1M26: A positive start ahead of the Lunar New Year

Vietnam’s early-year economic indicators point to a constructive start. Export growth was supported by a higher number of working days compared with the same period last year, although demand remained partly shaped by Lunar New Year–related consumption patterns. Retail sales posted strong growth, underscoring resilient domestic demand and suggesting solid momentum heading into the peak holiday season. Industrial production continued to expand, while inflationary pressures remained well contained, providing a stable macroeconomic backdrop for the period ahead.