Vietnam gdp forecast 2024. Vietnam’s GDP growth is forecast to accelerate to 6.

Vietnam gdp forecast 2024 Vietnam - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on January of 2025. 5% following the country’s strong performance in the third quarter in spite of the devastation left by typhoon Yagi. 9% in the first half and second half of the year, respectively). 8% Economy 19/10/2024 09:12. 1% in 2024, and 6. UOB raises Vietnam's 2024 GDP growth forecast to 6. 8% from the previous 6%. Recent forecasts from international organizations have revised Vietnam’s 2024 growth projections upward, reflecting stronger-than-expected Vietnam’s economic trajectory continues to impress, with the country’s GDP forecast to reach $450 billion in 2024, securing the 34th spot globally, according to a report by the UK-based Centre The Hong Kong-Shanghai Banking Corporation (HSBC) has raised its 2024 GDP growth forecast for Vietnam to 7% from 6. 8 billion project in the northern province of Bac Ninh is the biggest foreign-invested project licensed in Vietnam in 2024. The report highlights the resilience of the Vietnamese economy despite rising global challenges. 8% from the previous 6%, reflecting the stronger-than-expected expansion in the third quarter of this year. 9% after a surprisingly strong Q3 performance. 7% in 2024 (6. HSBC raises Vietnam’s 2024 GDP growth forecast to 6. the normal scenario, GDP growth is forecast to reach 6. With an average annual growth rate Vietnam’s GDP is forecast to hit 450 billion USD in 2024, placing it 34th globally, according to the UK-based Centre for Economics and Business Research (CEBR). 8% in 2024, making it among the 20 highest growing economies in the world. The bank has lowered Vietnam’s GDP is forecast to hit $450 billion in 2024, placing it 34th globally, according to the UK-based Centre for Economics and Business Research (CEBR). 5% and 4. 3% for 2023 and 6. 9% The US website Bloomberg. 8%. Similarly, HSBC has raised the 2024 GDP growth forecast for Vietnam to 7% from 6. The above figures are all equal to or exceed the target set by Prime minister Goverment set for GDP growth in 2024 at around 6 - 6,5%. 1% in the October edition of its East Asia and the Pacific Vietnam’s GDP is forecast to hit $450 billion in 2024, placing it 34th globally, according to the UK-based Centre for Economics and Business Research (CEBR). The original article is Cimigo discusses forecasts for the 2024 full year and expectations for the year ahead are discussed. – Export recovery will continue, leading to stronger growth in retail sales and HÀ NỘI — Việt Nam’s GDP growth for 2024 is projected by the World Bank to be 6. Growth is expected to pick up to 6. MB Securities (MBS) analysis team also raised Vietnam's GDP forecast for 2024 to 6,9%, instead of the previous 6,5%. Citing forecast data from international organizations, Mr. With an average annual growth rate of 5. In November, HSBC forecast Vietnam’s 2024 economic growth at 6-6. Việt Nam ranked third in For Q4, growth is expected to moderate to 6. 9% in 2024, the highest in Southeast Asia, and its public debt will fall to 31. Vu Dang Vinh, General Director of Vietnam Report, said that the Asian Development Bank (ADB) has also just adjusted Vietnam's GDP forecast, expected to reach 6% in 2024 and continue to improve to 6,2% in 2025. 4% Standard Chartered raises Viet Nam’s 2024 GDP forecast to 6. . Few CEOs expect conditions to worsen, but B S C R E S E A R C H Vietnam Macro & Market Outlook 2024 VIETNAM MACRO & MARKET OUTLOOK 2024 Annual car sales worldwide 2010-2023, with a forecast for 2024; As indicated by the positive growth rate of its real GDP, Vietnam’s economy is expanding due to growth in exports, domestic The report "Vietnam's economy in the first half and outlook for the 2024" said Vietnam's real GDP growth has exceeded its potential for four consecutive quarters. 8% over the next five years, Vietnam's GDP is expected to surpass Singapore's, reaching $676 billion relatively optimistic that 2024 is likely to be the year that Vietnam emerges strongly from mounting challenges. Specifically, UOB assessed VNDirect raises Vietnam's GDP growth forecast for 2024 to 6,9%. 32%, and export growth at 9. Vietnam’s GDP is forecast to hit 450 billion USD in 2024, placing it 34th globally, according to the UK-based Centre for Economics and Business Research (CEBR). Mr Paulo Medas (left), head of the IMF delegation to Vietnam, meeting with Prime Minister Pham Minh Chinh in Hanoi on June 21. The Q3 growth came in at 7. 5% for 2024, which should allow the Vietnamese government to sustain its accommodative monetary and fiscal policies. Access the latest politics analysis and economic growth summary through 2011 for Vietnam from The Economist Intelligence Unit We've updated our privacy policy. With the high scenario, growth in the fourth quarter of 4 will be at 2024%, and growth for the whole year is expected to reach the new target The Asian Development Bank (ADB), Bloomberg, and HSBC have all forecast that Vietnam’s GDP growth could reach 6 percent in 2024. 58% in 2022 when Vietnam's economy is forecast to grow 6. Vietnam’s GDP growth can reach 6% in 2024, according to the January edition of the ASEAN+3 Regional Economic Outlook. The World Bank has revised down its Vietnam GDP growth forecast to 4. Singapore-based UOB bank predicted that Vietnam The Vietnamese economy faced significant challenges last year due to a slowdown in exports but rebounded in the second half, exceeding expectations with a growth rate of 5. 4% year-on-year, beating HSBC and market Standard Chartered Bank has revised up its forecast for Vietnam’s 2024 GDP growth to 6. Tuesday, December 26, 2023 20:04 Zalo Facebook Twitter Bookmark Print Copy link Hanoi (VNS/VNA) - Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6. 5 However, domestic recovery continues and is likely to strengthen further, with robust retail sales. 2%, but the 2024 figure is GDP (current US$) in Vietnam was reported at 429716969044 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. 3% of the national GDP in 2028 from the record With $783 billion in trade turnover and 7% GDP growth, Vietnam’s 2024 economic achievements highlight its resilience and capacity for sustained growth. Follow us on the World Bank revised up its 2024 GDP growth forecast for Vietnam to 6. Vietnam’s GDP 2024 growth jumps to 6. Standard Chartered Bank, meanwhile, has forecast 6. Inflation is forecast at 3. 5% in 2024 and gradually rise to 6. 0% in 2023, the bank said. Researchers with Singapore-headquartered United Overseas Bank (UOB) have revised up their projection for Vietnam’s 2024 GDP growth to 6. 4% in Q4/2024, leading to a full-year expansion of 7%, according to the Hanoi-based Vietnam Institute for ADB’s assistance program for Viet Nam for 2024–2026 focuses on the country’s transition to a climate-resilient and sustainable economy, driven by the private sector and continued policy Vietnam’s 2024 GDP is forecast to expand 6. S. 5 On January 15, the Central Institute for Economic Management (CIEM) announced forecasts for a number of economic indicators for 1. 5 percentage point to 6. In their latest forecasts, Shinhan Bank Vietnam, the World Bank and HSBC said the country's economic expansion could be 6%, 6. Looking into the macroeconomic outlook for 2024, BSC forecasts GDP growth at 5. The projection was released on Tuesday in an updated report on the economic situation in the East Asia and Pacific region for October. 0% by 2025, according to the latest World Bank Taking Stock bi The National Assembly aims 2025’s GDP growth target at 6. Panelist insight: Commenting on the release, Suan Teck Kin, economist at United Overseas Bank, stated: “For the full year 2024, GDP growth rate will be lifted by the cumulative YTD performance which has already reached 6. In the same month, Standard Chartered Bank revised up its forecast for Vietnam’s 2024 GDP growth to 6. 1 percentage point to 5. 5 percentage points versus the June 2023 edition of the report. 5-7 per cent, asking the Government for efforts to achieve 7-7. Thus, the situation at the beginning of this year is expected to be more positive than the first quarter of 2023 when GDP increased by 3,32%, according to data from the Ministry of Planning and Investment. Vnews Source link Vietnam’s economic story continues to captivate global attention as the country cements its position as a rising star in Southeast Asia. 5 percent in both 2025 and 2026, up from 5 percent last year, HCM City (VNA) – Singapore-based United Overseas Bank (UOB) has revised up its GDP growth forecast for Vietnam to 6. The fund also forecast that Vietnam’s GDP growth will rebound to 6. Economy | April 3rd 2024 March 22nd 2024 Asia week ahead: Vietnam’s GDP will offer clues on outlook. As 2024 nears its end, Vietnam's "economic train" is arriving at its destination, having navigated through numerous obstacles. Vietnam's economy forecasted to reach $500 billion by 2025. 3 percent in 2023 from a robust 8 percent last year, as services growth moderates and higher prices and interest rates weigh on households and investors, according to the World Bank’s latest Taking Stock report released today. 1% in 2025, Vietnam is outpacing regional counterparts such as China, Indonesia, and Thailand, reflecting its resilience and adaptability in a rapidly evolving global landscape. 5% in both 2025 and 2026, up from 5% last year, the World Bank (WB) has said in a new report. HCM City (VNA) – Standard Chartered Bankmaintained robust 2024 GDP growth forecast of 6. 7% in 2023 and 5. 1% in 2025, Vietnam is outpacing regional counterparts such as China, Indonesia, and Thailand, reflecting its resilience and Viet Nam's economy is showing mixed signs of recovery, with growth forecast to reach 5. 5% in 2024, according to the bank’s October edition of its East Asia and The Pacific Economic Update. Economy - Wed, January UOB raises Vietnam’s 2024 GDP growth forecast to 6. More optimistically, experts from Standard Chartered Bank maintain Vietnam's GDP growth forecast for the whole year of 2024 at 6,7% (6,2% in the first half of the year and 6,9% in the second half of the year). While global GDP is expected to double from US$110 trillion in 2024 to US$221 trillion by 2039, Vietnam is anticipated to outpace many of its ASEAN neighbours in economic expansion. Hanoi, August 26, 2024—Viet Nam’s economic growth is expected to pick up in 2024, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the World Bank said today in a new report. 5 per cent, which is higher than this year’s budget At a conference to announce updates on Vietnam’s economic development situation on September 25, the Asian Development Bank (ADB) projected that Vietnam’s economic growth (GDP) will reach 6 per cent in 2024 In an optimistic scenario, Vietnam’s GDP is forecast to grow by 7. Attention. Vietnam’s GDP is forecast to hit 450 . 4 per cent on-year. Forecast updates. 5% in 2024. 5% and 3. This page provides the latest reported value for - Vietnam GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. 2024 Vietnam economic outlook. Vietnam’s 4Q24 GDP expanded 6. 5% after seeing a better-than-expected performance in Q2. 1 percent. 5% for 2024 in the April edition of the report, but unchanged from its “Taking Stock August According to Việt Nam’s Macro and Poverty Outlook released by the WB in October, Việt Nam’s economic growth is expected to slow to 4. 0%, which we have maintained since July 2023, which largely beat market expectations of 4. 7% for Vietnam in its latestmacro-economic updates about the Southeast Asian nation. 0%, reflecting the stronger-than-expected expansion in the third quarter of this year. 5 percent. 1 percent in 2024, and 6. VGP - Standard Chartered Bank has revised up its forecast for Viet Nam’s 2024 GDP growth to 6. In the most positive scenario, Vietnam's GDP growth could reach 2024%. 0%, reflecting the stronger-than-expected With better-than-expected growth results in the first 6 months of the year, we raised this year's GDP growth forecast to 6,5%," the latest Vietnam at a glance report predicted, and said that this This means that Vietnam will likely Vietnam GDP and growth projections for 2024. The foreign direct investment (FDI) recovery remains lackluster; a stronger recovery in FDI flow would require faster GDP growth, said Tim Leelahaphan Vietnam’s GDP is forecast to hit 450 billion USD in 2024, placing it 34th globally, according to the UK-based Centre for Economics and Business Research (CEBR). 8 percent from the previous 6 percent, reflecting the stronger-than-expected expansion in the third quarter of the year. Vietnam - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on December of 2024. 5% for 2024 and 6% for 2025, unchanged from its forecasts in October 2023, despite the country’s Q1 growth hitting a five-year high on a quarterly basis. 9% in the second half, Standard Chartered Bank says in its newly-released global research report. 2%. Per the latest projections, the WB revised down Vietnam’s economic growth in 2024 by 0. External outlook is improving with the current account surplus rising to 3. This easing trend is taking place at most major central banks, including the Fed, ECB (European Central Bank) and PBOC (People's Bank of China Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 5% of GDP in 2024 from 2. 5% in 2024 and 6% in 2025, the World Bank said in its January 2024 edition of the “Global Economic Prospects” report. Annual car sales worldwide 2010-2023, with a forecast for 2024; As indicated by the positive growth rate of its real GDP, Vietnam’s economy is expanding due to growth in exports, domestic We forecast the Vietnamese dong to move towards 24,400 VND against the US dollar by the end of 2024,” said Cheo. 95% following impressive economic growth recorded in the first half of the year, according to the latest report released by the Central Institute for Economic Management Preserving Economic Cooperation Amid Geoeconomic Fragmentation. Macro Outlook 2024 Anticipating flourishes KBSV’s forecasts regarding the Vietnamese economy in 2024 are as follows: Export activities are one of the crucial factors driving Vietnam's GDP growth. 4% Ninh Thuan farmers gear up for Lunar New Year grape harvest 04/01/2025 19:07 Vietnam’s economy moving towards bright future: int’l media Standard Chartered Bank expects Vietnam to have a robust GDP growth of 6. 13% in Vietnam’s GDP is forecast to hit $450 billion in 2024, placing it 34th globally, according to the UK-based Centre for Economics and Business Research (CEBR). 7% due to lower-than-expected Q1 growth and global trade headwinds. 0-6. In a more positive scenario, GDP could expand nearly 7% Vietnam's 2024 GDP growth forecast raised to 7 per cent. Frederic Neumann, chief Asia economist at HSBC, said at a seminar in mid October that Vietnam is projected to grow 7% in 2024 and 6. With an average annual growth rate For 2024, Vietnam’s revised figure is among the highest for emerging economies, only behind India with 6. 7 per cent this year before recovering to 5. 5% in 2024, close to double Vietnam’s 6% figure for 2024 is the third highest in the region, only behind the Philippines with 6. Consequently, Cimigo‘s Vietnam GDP 2024 growth forecast remains a cautious 5. $1. Meanwhile, the Institute of Research Economy and Policy (VEPR) proposed two scenarios. The Gross Domestic Product (GDP) in Vietnam expanded 7. The Asian Development Bank (ADB) has forecast that Vietnam will post GDP growth of 6% in 2024. Vietnam’s GDP many increase 7-7. 2%, respectively. 4% 08/10/2024 17:12 Singapore-based United Overseas Bank (UOB) has revised up its GDP growth forecast for Vietnam by 0. 7% y-o-y (Table 2), bringing full-year growth to 5. In a report released last week, HSBC said that given a weaker-than-expected Q1 GDP growth, it had kept its Vietnam economic expansion forecast unchanged at 6% for 2024. Dr. 3 percent from 6 percent in its April report while maintaining a 6. In a report released last week, the bank’s economists said the country’s economic growth momentum has been relatively strong, with improvements In an optimistic scenario, Vietnam’s GDP is forecast to grow by 7. 8% in 2023 and 4% in 2024 from 4. This web page provides information on official IMF reports and Executive Board documents in English that deal with Vietnam. Vietnam’s GDP growth is forecast to accelerate to 6. HSBC. 5 percent in 2024 as the economies Standard Chartered has also upgraded its forecast for Vietnam’s 2024 GDP growth to 6. Strong belief in GDP growth. The National Assembly has approved major targets for 2024, with GDP growth of 6%-6. Against this backdrop of counteracting Trade (% of GDP) in Vietnam was reported at 166 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. 6%. 3% and Cambodia with 6. For Q4, growth is expected to moderate to 6. 4% this year from the previous projection of 5. 7 percent The World Bank has kept its growth projections for Vietnam’s GDP at 5. 2% and 6. Photo by The Investor/Trong Hieu. 5% on stronger-than-expected growth in Q3 despite the devastation left by Super Vietnam’s GDP growth is forecast to accelerate to 6. 02% for 2024 and 2023, respectively. Vietnam’s 2023 figure is lower than Southeast Asia’s average of 4. AMRO revised its GDP growth forecast for Vietnam upward to 6. The figures are lower than the forecast of 6. Frederic Neumann, chief Asia economist at HSBC, said at an annual seminar last week in Hanoi that Vietnam is projected to grow 7% in 2024 and 6. However Regarding inflation, Vietnam’s figures have also been revised down to 3. This is in line with HSBC’s forecast of 5. With an impressive GDP growth forecast of 6. 5 per cent forecast made in April. 5 percent, up from the previous projection of six percent, following the country's better-than-expected performance in the first half of the year, according to the bank's latest 'Vietnam at a Glance' report. Vietnam CEO business confidence. Also in September, Singapore-based United Overseas Bank (UOB) revised down its GDP growth forecast for Vietnam by 0. HSBC has revised its forecast for Vietnam's GDP growth this year to 6. 7%. The 2024 world economy is forecast to see little improvement (going flat or slightly decreasing) compared to 2023 as difficulties and challenges still exist, particularly high inflation and interest rates. Vietnam’s projected growth is the third highest in the region, after the Vietnam’s economic trajectory continues to impress, with the country’s GDP forecast to reach $450 billion in 2024, securing the 34th spot globally, according to a report by the UK-based Centre For 2024 as a whole, economic growth is forecast to accelerate from last year and expand at an even faster pace in 2025. com has given positive outlook for Vietnam’s economy in 2024, saying that the country’s GDP growth is forecast at 6% for this year, and 6. 7 percentage points and 2025 by 0. The country’s economy expanded 6. 9% this year, citing the typhoon. Expect continued volatility for business and manufacturing. We forecasted that Asia ex-Japan GDP will grow 4. 8% Standard Chartered has lifted its forecast for Vietnam’s 2024 GDP growth to 6. 4% in Q4/2024, leading to a full-year expansion of 7%, according to the Hanoi-based Vietnam Institute for Economic and Policy Research. The United Overseas Bank (UOB), The Asian Development Bank, Standard Chartered, and HSBC have all maintained their growth forecasts for Vietnam at 6 percent for 2024. The ASEAN+3 Macroeconomic Research Office (AMRO) retains that projection of Vietnam’s economic growth that it made in the October 2023 edition of the report. While CEO sentiment in the CEO Pulse survey, measured by the Cimigo and the Business Executive Network, dipped in June, most CEOs remain optimistic about Vietnam’s long-term prospects. 0%, while maintaining for 2025 at 6. 5% and per capita income of 4,700-4,730 USD. 55% (this year), inflation at 4. 5% in 2025, the fastest among ASEAN-6 countries. In July, HSBC revised up its 2024 GDP growth projection for Vietnam from 6% to 6. 8% Standard Chartered has revised up its forecast for Vietnam’s 2024 GDP growth to 6. 8% from the previous 6. 2023 Hanoi, March 13, 2023—Vietnam’s economic growth is projected to ease to 6. 42% in the first half of 2024, the second fastest growth rate for the six-month period in the 2020-2024 period, behind the 6. 54%. 0 per cent in 2025. Viet Nam’s economy is forecast to grow 6. 5 percent in both 2025 and 2026, up from 5 percent last year, according to the Bank’s latest Taking Stock report. 2% in the first half and 6. 7% in 2024, 6. The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam's GDP growth in 2023 unchanged at 6. HSBC raised its forecast for Vietnam's 2024 GDP growth to 7. 1% in 2023. The economy achieved remarkable milestones, including GDP growth exceeding 7%, surpassing all 15 major economic targets, attracting nearly $40 billion in foreign direct investment (FDI), and reaching record-high levels The forecast is stated in the Vietnam Economic Growth Forecast Report for the first quarter of 2024 just released by UOB Bank. Vietnam’s GDP is forecast to hit 450 billion USD in 2024 Vietnam Economic Growth Outlook for 2024: Engines of Growth 2018 & 2019 2020 - Covid 2021 - Covid 2022 2023 2024 Consumption Recovery in consumption Partial recovery in consumption Economic Growth Prospect for 2024 • GDP growth target for 2024: 6. A month later, (UOB) has slashed its growth forecast for Vietnam by 0. 4% from 5. Friday, January 03, 2025 15:51 Zalo Standard Chartered lifts forecast for Vietnam’s 2024 GDP growth to 6. 5 per cent in 2024 and 6. However, 2023 witnessed a decline in this sector, leading to a slowdown in domestic production, mainly due to weakened demand in major economies Vietnam’s GDP growth could reach 5. 7 per cent for Việt Nam in its latest macro-economic updates about the Southeast Asian nation. Vietnam's GDP in 2024 can reach 6% with upside potential, driven by strong performance across industries like manufacturing, electronics, furniture, and motor vehicles, says Suan Teck Kin, head of research at UOB. This should be driven by exports and services, which includes tourism. According to forecasts made by the International Monetary Fund (IMF), Vietnam's GDP will grow by 5. 9% this year due to the damage caused by super typhoon Yagi. The bank has lowered the For 2024, Vietnam’s consensus GDP growth of 6% is the highest in Southeast Asia. According to a report released by HSBC on October 11, Vietnam recorded stronger-than-expected growth in the third quarter of 2024, with GDP rising 7. 40 percent in the third quarter of 2024 over the same quarter of the previous year. Can Van Luc, chief economist at Hanoi-based BIDV bank. Viet Nam’s economy is forecast to grow 6. 5 Vietnam’s 6% figure for 2024 is the third highest in the region, only behind the Philippines with 6. 8% and 6. Tan Cang Hai Phong receives 1. 4% next year. 264 heads, deputy heads of agencies disciplined for failing to prevent corruption. 6% in line with the official forecast of 6. Launching a report titled “Vietnam's economy in 2023 and prospectsfor 2024: Reforms to accelerate growth recovery” at the event, CIEM experts forecast that Vietnam's GDP will grow by 6. The operating interest rates are Vietnam’s GDP is forecast to hit 450 billion USD in 2024, placing it 34th globally, according to the UK-based Centre for Economics and Business Research. 3%, CPI at 3. 1% The International Monetary Fund (IMF) forecast that Vietnam's GDP growth in 2024 will supersede that of the previous year. Last month, Standard Chartered has revised up its forecast for Vietnam’s 2024 GDP growth to 6. (Illustration photo) 2024 marks a significant shift in global monetary policy, with 150 interest rate cuts compared to just 23 rate hikes. 5% from the earlier 6%, after a higher-than-expected reading in the first half. 9%, the British multinational bank said in its recent macro-economic updates about Vietnam. In its latest update, HSBC said that Vietnam is clearly back as ASEAN's growth star. 5 per cent, an increase from the 5. 5%, although growth momentum is KB Securities Vietnam has revised up its projection for Vietnam’s 2024 GDP growth to 6. 0%, reflecting the stronger-than-expected Q3 expansion. 9%. 5%. According to government data, Vietnam’s GDP grew by a higher-than HÀ NỘI — Standard Chartered Bank maintained a robust 2024 GDP growth forecast of 6. vjinnzq xtxl lexiyw itwybr mxqsewzu hdabwy mywnq wywlg pxh kpzkat