Standard Chartered expects Vietnam’s economy to grow by 3 percent in 2020 and surge to 7.8 percent in 2021. Rising consumption on improving sentiment, and faster manufacturing will drive growth in the last quarter of this year.
Standard Chartered Bank expects Vietnam’s growth to slow to a multi-year low of 3 percent this year on soft external demand, with external headwinds set to offset domestic outperformance.
Vietnam’s economic growth is forecast to shrink to 3.3 percent this year due to the impact of a raft of external challenges, according to the latest economic outlook released by Standard Chartered Bank on April 23.
Standard Chartered Bank continues to expect Vietnam’s robust gross domestic product (GDP) growth of 7 percent in 2018, driven by strong FDI-supported electronics manufacturing and rising consumption.
Standard Chartered Bank (SCB) on October 6 increased its forecast for Vietnam’s GDP growth rate for the whole year to 6.8 percent, higher than the Government’s set target of 6.7 percent.
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