Singaporean United Overseas Bank (UOB) has revised its forecast for Vietnam’s 2025 GDP growth to 7%  from its previous projection of 6.6%, the Government News has reported.

The latest prediction took into account the strong momentum from 2024 as well as risks from the new US administration with further trade frictions.

UBO said that uncertainty on trade outlook will be a major risk for Vietnam in the second half with its rising dependence on exports, which have grown to record high of more than $400 billion in 2024.

Earlier, UOB anticipated an expansion pace of 6.6% for Viet Nam’s economy in 2025 in its report released on December 2, 2024.