Despite growing uncertainty in global trade, Việt Nam is on track to maintain solid economic growth through 2025 and beyond, according to the latest ASEAN+3 Regional Economic Outlook (AREO) from the ASEAN+3 Macroeconomic Research Office (AMRO).
The ASEAN+3 Macroeconomic Research Office (AMRO) revised Việt Nam’s economic growth forecast upward to 6.3 per cent for 2024 in its latest released on Tuesday.
ASEAN and some of the bloc''s closest trading partners have been forecast to enjoy an economic expansion of 6.7 per cent this year and 4.9 per cent in 2022.
Viet Nam’s gross domestic product (GDP) is expected to rebound to 7 per cent in 2021, riding on a recovery in external demand, a resilient domestic economy and increased production capacity.
Economies in the ASEAN+3 region should enhance their connectivity, boost the service sector and develop skilled human resources in order to meet global demand.
Half of the ASEAN+3 economies are projected to grow at a slower pace in the next two years, reducing the region’s overall growth rate, reports the ASEAN+3 Macroeconomic Research Office (AMRO).