Standard Chartered Bank’s latest macroeconomic update about Vietnam  forecast the country’s GDP to grow by 7.7% in the first quarter of this year, up from 7.6% in the last quarter of 2024, according a report from the Government News.

The bank's forecast for Vietnam's 2025 GDP growth remains at 6.7%, with moderation expected in the second half.

According to the bank, Vietnam's economic outlook remains supported by strong integration into global trade networks through multiple free trade agreements, along with continued foreign direct investment (FDI) inflows. These factors continue to strengthen the country's position in global production and exports.

Key economic indicators for March point to steady performance. Retail sales growth likely eased to 6.2 per cent in March. Export growth may have moderated to 8.2 per cent given a higher base; electronics exports have likely continued to improve year-to-date.

Imports and industrial production likely grew 6 per cent and 6.2 per cent, respectively. Inflation is expected to 3.4 per cent in March (from 2.9 per cent previously). If inflationary pressures persist, they may pose challenges for monetary policy.

Mr.Tim Leelahaphan, Senior Economist for Vietnam and Thailand, Standard Chartered Bank, shared, while economic growth remains strong, trade risks and currency fluctuations could impact policy decisions. Vietnam may consider have flexible monetary policies to ensure resilient financial sector and navigate potential economic fluctuations.