Tag: Standard Chartered

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.

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Standard Chartered Bank has raised its GDP growth forecast for Vietnam from 6.7 per cent to 7.5 per cent for 2022 and from 7 per cent to 7.2 per cent for 2023. While identifying inflation as a threat to economic recovery, the bank lowered its inflation forecast in 2022 from 4.2 per cent to 3.3 per cent, but in 2023 has increased it to 5.5 per cent. It also forecast that depreciation of the VND will slow in the months to come.

Standard Chartered has forecast that Vietnam’s GDP growth will reach 10.8 per cent in the third quarter of this year, 3.9 per cent in the fourth quarter, and 6.7 per cent for the year as a whole. While commenting that inflation remains under control, the bank also forecast that price pressures, especially on food and fuel, are likely to increase during the second half of this year and into 2023.

In its recently-released “Global Focus - Economic Outlook Q3-2022: Near the Tipping Point” report, Standard Chartered Bank forecasts GDP growth of 6.7 per cent in Vietnam this year and 7 per cent in 2023. It also forecasts that inflation will come in at 4.2 per cent and 5.5 per cent in 2022 and 2023, respectively. Vietnam’s economy will recover strongly in the second half of 2022, the report stated.

Mr. Tim Leelahaphan, an economist at Standard Chartered Bank, has predicted that Vietnam’s economy will recover from the end of the first quarter of this year. He expects GDP to reach 6.7 per cent in 2022 and 7 per cent in 2023. In the medium term, Vietnam will continue to be a favored destination of many businesses and an important part of the global supply chain.

Standard Chartered Bank and the T&T Group exchanged an MoU on November 1 in which the former will sponsor $6 billion for the latter to implement green projects in Vietnam. Previously, on October 31, T&T Pharma and the Hanoi Medical University exchanged an MoU with Spain’s HIPRA Human Health S.L.U. on building a vaccine development center in Vietnam.