AFP reported that Vietnam’s economy grew 8.4% year-on-year in the second quarter of 2026, exceeding the previous forecast of 7%. In the first half of the year, GDP expanded 8.2%, with industry and construction remaining key drivers of growth, alongside a recovery in manufacturing activity and domestic demand.
Official data released by MTI show that the country’s GDP grew 5.9% year-on-year in the second quarter, easing from 6.3% in the first quarter. On a quarter-on-quarter seasonally adjusted basis, the economy expanded by 1.4%, extending the 1.2% growth in the first quarter.
Singapore-based United Overseas Bank (UOB) has sharply raised its forecast for Vietnam's 2026 GDP growth to 8.5%, more than reversing the previous downgrade to 7%, citing stronger-than-expected first-half economic performance driven by manufacturing, investment and foreign direct investment (FDI).
Singapore’s United Overseas Bank (UOB) has boosted its 2025 GDP growth forecast for Vietnam to 7.5% from 6.9%, pointing to the economy’s resilience and dynamism despite tariff risks and uncertainties.
According to a report released by UOB's Global Economics & Market Research Unit released on July 8, Vietnam’s real GDP grew by a robust 7.96% year-on-year in the second quarter of 2025, significantly exceeding Bloomberg’s forecast of 6.85%, UOB’s projection of 6.1%, and the revised growth figure of 7.05% in the first quarter.
The Singapore-based United Overseas Bank (UOB) has raised its GDP growth forecast for Vietnam in 2025 to 7%, up from the previous projection of 6%, given the strong momentum that carried over from 2024 and pricing in the potential downside from future trade conflicts under the US administration.
The macroeconomic outlook of Vietnam is bright as the country has witnessed strong domestic consumption, received more foreign direct investments (FDI) and maintained a surplus in trade balance with other countries, with a real GDP growth forecast to exceed 8% in 2022, according to a US newspaper.
The Asian Development Bank (ADB) maintained its forecast for Vietnam’s GDP growth at 6.5 percent in 2022 and projected the economy to further expand by 6.7 percent in 2023, it was heard at a press conference in Hanoi on April 6 morning.
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand has raised its GDP growth forecast to 0.5 – 1.5 percent in 2021 from the previous projection of 0 – 1 percent as the country expects better business prospects stemming from the reopening and stimulus measures.
Malaysia’s central bank (BNM) has revised down the country’s 2021 GDP growth forecast to between 3 – 4 percent from the previous 6 – 7.5 percent as the prolonged COVID-19 nationwide lockdown continues to weigh heavily on the economy.
The World Bank (WB) has revised down Malaysia’s GDP growth forecast to 4.5 percent in 2021 from 6 percent estimated in March and 6.7 percent last December amid a dramatic resurgence of the COVID-19 pandemic beginning in mid-April.
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast for Thailand to 0.5-2 percent from 1.5-3 percent due to the severe impact of the third COVID-19 outbreak despite bright export prospects this year.
The Bank of Thailand has slashed its economic growth forecast this year to 3 percent from 3.2 percent made in December, given the impact of the second wave of COVID-19 infections and tepid tourism.
Based on advance estimates for the third quarter of 2020, the Singapore economy expanded by 7.9 percent on a quarter-on-quarter seasonally-adjusted basis, rebounding from the 13.2 percent contraction in the preceding quarter.
The Bank of Thailand (BoT) lowered the country’s economic growth forecast to 2.5 percent in 2019 and 2.8 percent in the next year due to heightened external risks.
