The Singapore-based United Overseas Bank (UOB) has revised up Vietnam’s 2022 GDP growth forecast to 7.0% from 6.5%, assuming no further severe domestic disruptions from COVID-19, and projected growth of around 7.6 – 7.8% in the second half of the year (H2).
Although many forecasts said that inflation would be controlled at less than 4 percent this year, economists recommended it was still important to pay attention to inflationary pressures.
The Purchasing Managers’ Index (PMI) of Vietnam dipped to 54.1 in April, a slight decline from March’s 22-month high of 54.6, reported Nikkei on May 3.
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