Official data released Monday showed China's GDP grew 4.6% year on year in the first three quarters, with third-quarter growth at 4.5%, up from 4.3% in the second quarter. The economy added 5.7 trillion yuan (about 851.9 billion U.S. dollars) in output in January-September, the largest increase for the same period in five years. The Australia China Business Council said the figures give grounds for confidence that China can meet its 4.5-5% full-year growth target, while an IMF official said China is less vulnerable than some countries with comparable debt levels due to its liquid assets and high savings rate. A cited expert said modern services, the digital economy and high-end manufacturing contributed over 40% to economic expansion in the first half. Integrated circuit exports surged 99.1% in the first three quarters, while exports of electric vehicles and lithium batteries rose 72.3% and 36.4%, respectively.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on bignewsnetwork.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/20/2026 | 1,691.97 |
| Change that session | +0.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- China GDP beats forecasts as export boom offsets weak demand
China's GDP grew 4.5% in the third quarter, beating a 4.4% forecast and rebounding from three-year lows, while the first nine months expanded 4.6%. Booming exports, which rose by more than a third, are the main driver, while September retail sales rose just 1.1%, fixed-asset investment fell 7.2% over January to September, and the property downturn continues to weigh. Analysts expect China to meet its 4.5% to 5.0% 2026 growth target without additional stimulus, but Societe Generale economist Michelle Lam warned that without a decisive policy shift toward household incomes and consumption, the economy may remain stuck in low inflation and sub-par growth.
- China growth picks up as exports surge , consumers remain cautious
China's economy grew 4.5% in the third quarter, beating the 4.4% forecast and rebounding from three-year lows, as a surge in exports offset weak consumer spending and a prolonged property downturn. GDP grew 4.6% in the first nine months, and analysts expect Beijing to meet its 4.5% to 5.0% growth target for 2026 without extra stimulus. Growth remains uneven: retail sales rose just 1.1% against 5.5% industrial output growth, fixed-asset investment fell 7.2% in January–September, and unemployment eased to 5.2% in September. Exports rose more than a third and China may surpass last year's US$1.2 trillion trade surplus, but economists warn of dependence on overseas demand and weak domestic consumption. The yuan hit its strongest level since July 2022 after the data.
- China GDP beats forecasts as export boom offsets weak demand
- China growth picks up as exports surge , consumers remain cautious
China's economy grew 4.5% in the third quarter, beating the 4.4% forecast and rebounding from three-year lows, as a surge in exports offset weak consumer spending and a prolonged property slump. GDP rose 4.6% in the first nine months, and analysts expect Beijing to meet its 4.5%–5.0% growth target for 2026 without additional stimulus. The recovery remains uneven: retail sales rose 1.1% in September, their fastest pace in six months but from a low base, while fixed-asset investment fell 7.2% in January–September. Exports rose more than a third and the trade surplus is on track to surpass last year's US$1.2 trillion, but ANZ and Societe Generale warned of trade tensions and reliance on overseas demand. The yuan strengthened to its highest level since July 2022 after the data.
- China GDP beats forecasts as export boom offsets weak demand
China's GDP grew 4.5% in the third quarter, beating economists' forecast of 4.4% and rebounding from three-year lows, with growth of 4.6% in the first nine months. Exports rose by more than a third, offsetting weak retail sales, which grew 1.1% in September, and a property downturn, while fixed-asset investment fell 7.2% in January-September. Analysts expect China to meet its 2026 growth target of 4.5% to 5.0% without additional stimulus, and the country is on track to surpass last year's US$1.2 trillion trade surplus. Economists warn that reliance on exports and weak domestic demand leave the economy exposed, and the yuan strengthened to its highest level since July 2022 after the data.
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
Related markets
Latest news
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
- International Business : US jobless claims near 57 - year lows
The number of Americans filing new unemployment benefit claims fell to near 57-year lows last week, pointing to low layoffs and suggesting job growth may have picked up in October after weak September payrolls. Economists cite strong profit growth, robust domestic demand, a shrinking workforce from retirements and immigration curbs as reasons workers are being shielded from layoffs, though tighter financial conditions and higher rates from the Middle East conflict could weigh on the labour market next year. Initial claims fell 6,000 to a seasonally adjusted 194,000 for the week ended October 17, below the 200,000 forecast by economists polled by Reuters, while the four-week average dropped to 197,750, its lowest since 1969. The number of people receiving benefits after their first week rose 25,000 to a still-low 1.728 million in the week ended October 10. Economists still describe the labour market as 'low-hire, low-fire', with uncertainty from the war and tariffs stymying hiring.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.