Vietnam's economy grew 8.5% in the second quarter. It grew 7.9% in the first quarter. Citi now expects 8% growth for the year. This is up from its previous forecast of low 7%.

Exports have been stronger than expected. The US buys about 30% of Vietnam's exports. Electronics are doing well due to global investment in artificial intelligence.

Trade with China is also getting stronger. Vietnam sells more electronics to China. It buys more electronic parts and energy from China.

Minh Ngo is Citi Country Officer and Banking Head for Vietnam.

People in Vietnam are still spending money. This helps the economy despite problems with energy and outside pressures. Public construction projects are strong.

Inflation is still a concern. Prices rose 4.7% in June. Citi thinks inflation may have peaked due to lower oil prices.

Minh Ngo said Vietnam is doing well in a changing world. Its trade and investment will help it grow in the long term.

Citi will help clients deal with changing markets and find new opportunities.

There are risks like energy price changes and weaker global demand.

Citi expects exports, investment, and spending to support Vietnam's economy in 2026.

This will help Vietnam's economy continue to grow.