Standard Chartered Bank forecasts GDP growth of 6.7 per cent for 2025. However, the bank predicts that the first half of the year will experience a stronger growth rate of 7.5 per cent.
The country’s proactive approach to economic diversification, green transition, and digital transformation ensures that it remains a competitive destination for global investors.
The Việt Nam Institute for Economic and Policy Research (VEPR) expects GDP growth in the fourth quarter of 2024 to reach 7.4 per cent, thereby reaching the 7 per cent target set by the Government.
With positive results seen in the first half of this year, Việt Nam hopes foreign direct investment (FDI) inflow in 2024 to hit US$40 billion in the whole year.
In its recent macro-economic s about Việt Nam, Standard Chartered Bank forecasts the Việt Nam’s Q2 GDP growth at moderate to a still-strong 5.3 per cent year-on-year (from 5.7 per cent in Q1).
Standard Chartered Bank has lowered Việt Nam’s 2024 GDP growth forecast to 6 per cent from the previous 6.7 per cent due to lower-than-expected Q1 growth and global trade headwinds.
Việt Nam not only relies on fiscal and monetary solutions to promote economic growth, but also s new growth drivers from innovation, new economic models, business environment reform, economic restructuring and improving regional planning and linkage.
The Asian Development Bank (ADB) has forecast Việt Nam''s Gross Domestic Product (GDP) at 6 per cent for 2024, according to the Asian Development Outlook (ADO) has released.
The bank has lowered the country’s 2023 GDP growth to 5.0 per cent year-on-year from the previous 5.4 per cent. The revised forecast would require Q4 growth of 7.0 per cent year-on-year, which may still be challenging.
As of September 29, the total credit for the entire economy reached nearly VNĐ12.7 quadrillion (US$531.2 billion), marking a 6.92 per cent increase since early this year.