Topic: Vietnam's GDP

Growth is forecast to slow during the year due to tightening monetary policies from major central banks.

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.