In its Vietnam Economic Update report, released on September 8, the bank forecasts that the country's GDP growth will reach 6.6 per cent this year and then slow to 6.1 per cent next year.
During a working session with the provincial leaders on February 9, PM Chinh suggested the province to mobilize resources and create motives for growth.
HSBC believes the potential upside risks can offset the temporary economic disruptions in Vietnam, and the country's economic recovery continues to firm up.
Monthly statistics in June show that the domestic macroeconomy in Vietnam remains stable. Inflation is effectively controlled, maintaining a level conducive to supporting economic growth. Notably, GDP in the second quarter of 2024 reached nearly 7 per cent, and exports continued to achieve impressive growth, playing a crucial role in driving economic development....