UOB forecasts Vietnam's 2025 growth at 6%
Economic activities have picked up with the 90-day pause on US tariffs.
Growth in face of escalating uncertainties
International organizations have noted what lies ahead as Vietnam works to reach ambitious growth targets set for 2025 and beyond.
Double-digit growth – a challenging target
Vietnam will face a number of hurdles as it strives to post double-digit growth in the years ahead, including low public investment efficiency, global trade tensions, and capital misallocation in key sectors.
Standard Chartered forecasts strong growth for Vietnam in Q1
The country’s GDP growing by 7.7% in the first quarter of this year, up from 7.6% in the fourth quarter of 2024.
South-central coastal Quang Ngai province's growth expected at 10-10.5% in 2025
During a working session with the provincial leaders on February 9, PM Chinh suggested the province to mobilize resources and create motives for growth.
UOB remains forecast for Vietnam's 2024 growth at 6.4%
The country's 2025 outlook expected at 6.6%, according to the bank.
PM asks for measures to fulfil Q4 growth target of 7.5%
Prime Minister Pham Minh Chinh made the request while chairing the Government regular meeting on November 9.
Digital economy in growth
Vietnam’s digital economy is proving to be among the region’s most robust and continued growth is all but assured.
Vietnam and Singapore Cooperation: Forward With Confidence
In an exclusive interview with VET’s Dinh Pham Tran, Ambassador of Singapore to Vietnam, H.E. Jaya Ratnam, spoke of how the two countries could strengthen their relationship for a more resilient and sustainable Southeast Asia in the face of the common threat of climate change.
Party leader calls for more growth drivers
Vietnam posted GDP growth of 8 per cent in 2022.
Digital economy growth among highest in Southeast Asia
Google, Temasek, and Bain & Company report paints a rosy picture for Vietnam’s digital economy.
HCMC’s trade performance remains impressive
Ho Chi Minh City’s trade is still recording impressive growth despite Vietnam being affected by the troublesome global situation. A report from the city’s Department of Statistics shows that export turnover was $4.156 billion in September, an increase of 0.3 per cent compared to August, while import turnover in the first nine months was $48.764 billion, up 10.3 per cent year-on-year.
4 more banks allowed to expand credit
The State Bank of Vietnam (SBV) has officially adjusted the credit limit for four banks - Vietcombank, HDBank, MB, and VPBank - in a bid to support weak credit institutions under government policy. An additional VND83.5 trillion ($3.49 billion) will be injected into the economy following the move. The credit growth limit at 18 banks has now reached 13.6 per cent.
UOB raises GDP growth forecast
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.
Vietnam forecast to post among highest growth rates in Southeast Asia
The government and international organizations are optimistic about Vietnam’s economic growth in 2022 and 2023.
Q3 GDP growth exceeds expectations
GSO puts growth in the third quarter at 13.67 per cent year-on-year, significantly higher than the 10-11 per cent forecast previously.
Industrial production continues to recover
According to the General Statistics Office, the Index of Industrial Production (IIP) increased 12.12 per cent year-on-year in the third quarter of 2022 and 9.63 per cent in the first nine months. Processing and manufacturing continued to be a driving force of growth, increasing 10.69 per cent and contributing 2.74 per cent to higher added value in the economy.
Insurtech growing in potential
Vietnam’s insurance technology (insurtech) market, which accounts for only 2-3 per cent of total revenue in the insurance market, has a lot of potential to develop. A representative from one insurtech company said the local market is expected to soon reach into the tens of billions of dollars, and the comprehensive application of digitalization in the insurance industry will drive sustainable market growth.
PYN Elite Fund forecasts Q3 growth of 13%
PYN Elite report notes that Vietnam’s economy is showing resilience thanks to strong domestic consumption and that production will continue to be promoted.
Domestic credit cards poised for growth
Analysts believe that growth in domestic credit cards will have an impact on the development of the country’s financial sector.