Topic: Vietnam's economy

Despite facing various risks and uncertainties, Vietnam's Gross Domestic Product (GDP) in the first quarter of 2024 shines as it reaches its highest level in the past four years...

In a new report entitled “The ASEAN Outlook - Exports: A Surprising Resilience Story”, HSBC wrote that having FDI in export industries is a “shield” for Vietnam’s economy. Service exports also plays an important role in the durability of ASEAN economies, including Vietnam.

Though concerns linger over inflation, Vietnam’s economy is recovering quite strongly post-pandemic.

According to UOB, a number of external risks are posing challenges to Vietnam’s GDP growth prospects, including the Russia - Ukraine conflict leading to inflation risks; global supply chain disruptions; tight monetary policy globally; and lingering Covid-19 risks.