Vietnam Outlook – March 2026 – Middle East turmoil fuels imminent headwinds

Posted:  Mar 20, 2026

  • We forecast the headline CPI could climb to 4.3% – 4.5% in March and April, under our base-case scenario where average domestic oil prices hover at VND 24,800 – 24,900 per liter. Accordingly, the average CPI for 2026 could rise to 4.0% – 4.3% yoy.
  • Strong industrial & construction performance set to sustain economic expansion of 8.0% – 8.3% in Q1/2026.
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