Local consumption, real estate market recovery and rebounding exports will contribute to Vietnam’s GDP growth of 5.8% this year, said Singapore-headquartered Maybank Securities Pte. Ltd in the report of Year ahead 2024: A year of
two halves.
Many reputable international organisations have shown their optimism about Vietnamese economic outlook, predicting that the country can complete its GDP growth target of 6.5% this year.
Vietnam’s GDP is projected to grow 5.8% this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF).
Vietnam’s GDP growth in 2023 has been adjusted upward to 6.8% in the ASEAN+3 Macroeconomic Research Office (AMRO)’s January Update, up from 6.5% in its October report, reported Vietnam News Agency.
The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam s GDP growth in 2023 unchanged at 6.6% in line with the official forecast of 6.5%, although growth momentum is likely to be weaker.