Topic: forecast

Economic activities have picked up with the 90-day pause on US tariffs.

The Centre for Economic and Business Research (CEBR) forecasts that Vietnam will become the second-largest economy in Southeast Asia after Indonesia and the 20th-largest economy in the world by 2036.

The country’s foreign trade reached an all-time high of $786.29 billion in 2024, up 15.4% year-on-year.

The bank emphasizing that Vietnam’s GDP growth goal of at least 8 per cent is feasible.

The prediction taking into account the strong momentum from 2024.

The country predicted to become the 33rd largest economy globally.

Vietnam’s data center and cloud computing markets boast the potential and possibility of developing rapidly.

Vietnam has attracted a host of projects since the beginning of this year.

With impressive growth posted in the third quarter, United Overseas Bank (UOB) has raised its growth forecast for Vietnam in 2022 to 8.2 per cent; significantly higher than its previous forecast of 7 per cent. UOB believes that, in 2023, Vietnam’s economy will be affected to a certain degree in the context of demand in main markets continuing to slow down. Growth next year is therefore expected to be 6.6 per cent.

Optimistic about Vietnam’s economy recovering strongly after Covid-19, primarily due to greater exports and the recent return of foreign tourists, the World Bank (WB) has forecast that GDP could grow 7.2 per cent this year. It also forecasts that inflation will come in at 3.8 per cent this year and 4 per cent next.