Core Insights - The Hong Kong economy showed robust performance in Q3 2025, with real GDP growing by 3.8% year-on-year, a significant increase from the previous quarter's growth of 3.1% [1] - Strong demand for electronic products and increased trade within the Asia region contributed to a substantial 12.1% year-on-year growth in overall goods exports [1] - Service output also expanded significantly by 6.3% year-on-year, while private consumption expenditure saw a slight acceleration, rising by 2.1% year-on-year, indicating a continued recovery in the Hong Kong consumer market [1] Economic Outlook - The outlook for the remainder of 2025 is positive, with expectations of further steady growth in the Hong Kong economy supported by moderate global economic growth [2] - The tourism sector and active financial market activities are anticipated to provide additional momentum for service output [2] - Various measures by the Hong Kong government aimed at economic development and market diversification are expected to further support growth [2]

Core Insights - Vietnam's total goods exports reached approximately $261.8 billion in the first seven months of 2025, marking a year-on-year increase of 14.6%, surpassing the planned export growth target [1] - The average monthly export value was $37.4 billion, with exports exceeding $39.5 billion in both May and June, and July's exports reaching over $41.6 billion, setting a historical record [1] - On the import side, due to the recovery in production and exports, companies increased raw material imports, with total goods imports amounting to about $252.1 billion, reflecting a year-on-year growth of 17.9% [1] - Vietnam's trade surplus for the first seven months was approximately $9.7 billion, which is lower than the $12.6 billion recorded in the same period last year [1]