Vietnam’s GDP growth is projected to reach 7.5% under normal conditions and up to 8% in an optimistic scenario for 2025, according to a research group at the Bank for Investment and Development of Vietnam (BIDV).
Vietnam’s GDP growth is projected to reach 7.5% under normal conditions and up to 8% in an optimistic scenario for 2025, according to a research group at the Bank for Investment and Development of Vietnam (BIDV).
Singapore-based United Overseas Bank has maintained its forecast for Vietnam’s economic growth at 6% for the whole year on the back of the recovery of both domestic and foreign demand as well as production sector in the first half.
With positive results seen in the first half of this year, foreign direct investment (FDI) inflow in 2024 is hoped to hit 40 billion USD in the whole year, contributing to boosting the country’s growth, according to experts.
Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period, the General Statistics Office (GSO) announced at a press conference in Hanoi on June 29.
The Asian Development Bank (ADB), Bloomberg, and HSBC have all forecast that Vietnam’s GDP growth could reach 6 percent in 2024. Standard Chartered Bank, meanwhile, has forecast 6.7 percent, surpassing Vietnam’s own growth target of 6-6.5 percent.
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.
Many reputable international organisations have shown their optimism about Vietnamese economic outlook, predicting that the country can complete its GDP growth target of 6.5% this year.
Vietnam’s GDP is projected to grow 5.8% this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF).
The Vietnamese economy grew by 7.7% in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption.
Some foreign financial organisations have issued relatively positive predictions for Vietnam’s economy this year, with growth expected at 6.5 - 6.7 percent.
Vietnam’s GDP growth in the first quarter of 2021 is forecast to come in at 4.46 percent; 0.66 percentage points below the target set in the Government’s Resolution No 01 in a scenario where the COVID-19 pandemic is controlled during the quarter.
Chairman of the Vietnam Farmers’ Union (VFU) Central Committee Thao Xuan Sung has underlined the leadership of the Communist Party of Vietnam (CPV) in building policies for agricultural development, as well as the decisive contributions by the agriculture sector to Vietnam’s GDP growth in 2020.
Analysts from securities companies are optimistic about stock market movement during the first trading week of this year and betting the positive trend will continue.
Economic recovery in CLMV countries (Cambodia, Laos, Myanmar and Vietnam) depends on their ability to contain the second wave of the COVID-19 pandemic, according to a report from Maybank Kim Eng.
Egypt’s leading online newspaper Al-Ahram on August 31 ran a story by Kamal Gaballa highlighting socio-economic achievements that Vietnam has gained during the national development.
The Asian Development Bank has revised up its forecast of Vietnam’s GDP growth for 2019 and 20202 from 6.8 percent to 6.9 percent and 6.7 percent to 6.8 percent, respectively, in contrary with projections for Asia.
With a GDP expansion of 7.31 percent in the third quarter, the growth target of 6.6 – 6.8 percent for 2019 set by the National Assembly is achievable and likely to reach 7.05 percent.
