Vietnam post-COVID-19: Macro-economy stable, major balances guaranteed
Vietnam’s economy has steadily regained its growth momentum following the COVID-19 pandemic. Its growth rate, though short of expectations, remains at the top among developing and emerging countries, with GDP in 2023 estimated at some 435 billion USD.
Hau Giang will become an industrial hub of the Mekong Delta region under a resolution on the planning to develop the locality during 2021-2030 with a vision to 2050 recently adopted by the provincial People’s Council.
The investment fund VinaCapital expects Vietnam’s GDP growth to rebound to 6.5% next year, driven by a recovery in exports, which will in turn be closely accompanied by a rebound in the local manufacturing sector output.
Standard Chartered Bank has maintained robust 2024 GDP growth forecast of 6.7% for Vietnam in its latest macro-economic updates about the Southeast Asian nation.
The real estate sector is finally emerging from its slumber as the economic recovery in the third quarter of the year has triggered a resurgence of demand for realty properties.