Standard Chartered has revised up its forecast for Vietnam’s 2024 GDP growth to 6.8% from the previous 6.0%, reflecting the stronger-than-expected expansion in the third quarter of this year.
Vietnam's economy is experiencing a surge, fueled by strong export and industrial production, according to a series of reports from international organisations.
In its most recent macro-economic updates about Vietnam, Standard Chartered Bank forecasts Vietnam’s Q2 GDP growth to moderate to a still-strong 5.3% year-on-year (from 5.7% in Q1).
Many international financial institutions have expressed their optimism about Vietnam’s GDP growth, and shared the view that it would reach at least 6% this year.
Standard Chartered Bank expects Vietnam to have a robust GDP growth of 6.7% in 2024 (6.2% and 6.9% in the first half and second half of the year, respectively).
Malaysian ringgit (MYR) and Indonesian rupiah (IDR) are expected to be outperformers in the Southeast Asian region in 2024 “on a relative basis,” benefitting most from monetary policy divergences, according to Standard Chartered.
Vietnam’s economy will recover in the second half of 2023, with its growth forecast to pick up to 7% year-on-year from the 3.7% in the first half, Standard Chartered Bank said in its recent macro-economic updates about the country.
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.
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.
The People's Committee of the Mekong Delta province of Ben Tre, in collaboration with Standard Chartered Bank, organised a seminar on enhancing competitiveness and promoting sustainable development with ESG (environment, society, and governance) on April 26.
Standard Chartered Bank has announced the launch of a strategic partnership with information technology company MISA JSC to offer unsecured invoice financing to small and medium-sized enterprises at competitive interest rates and straight-through processes.
The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets, according Standard Chartered Bank.
Vietnam’s economic recovery is likely to be stronger at the end of the second quarter of 2022 when the domestic demand and the tourism sector recover, according to Standard Chartered Bank.
The UK’s Standard Chartered Bank on January 21 estimated that the Philippines’ economic growth reached 5 percent in 2021 and will rise to 7.5 percent in 2022.
Vietnam's economy is predicted to bounce back strongly, growing at 6.7 percent this year and 7.0 percent in 2023, according to Standard Chartered Bank.
Standard Chartered Bank has identified Vietnam as one of priority destinations among emerging economies thanks to its development potential and open-door policy.
