Standard Chartered raises Vietnam’s 2022 GDP growth forecast to 7.5 percent

Standard Chartered raises Vietnam’s 2022 GDP growth forecast to 7.5 percent

Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5 percent from the previous 6.7 percent and for 2023 to 7.2 percent from 7.0 percent to reflect robust Q3 growth of 13.7 percent year-on-year. The last quarter 2022 growth is anticipated at 4.0 percent.
GDP growth to hit 8 percent this year in base-case scenario: Official

GDP growth to hit 8 percent this year in base-case scenario: Official

Vietnam’s GDP growth will reach 8 percent this year in the base-case scenario, provided that there will be no upheavals in the market but favorable external factors for the economy during the remaining months of the year, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
Economic growth in 2022 forecasted to be from 5.2 to 6.2 percent

Economic growth in 2022 forecasted to be from 5.2 to 6.2 percent

The Vietnam Institute for Economic and Policy Research (VEPR) has recently introduced GDP growth scenarios in 2022, with the growth rate at 5.7 percent in the base scenario and 6.2 percent in the positive one. However, if the context is negative, VEPR forecasts that the GDP growth will decrease to 5.2 percent.
First quarter economic review

First quarter economic review

 The GDP growth in the first quarter of 2022 is estimated to increase by 5.03% year-on-year, higher than that of 2020 and 2021, marking a return to a 5% growth or more after many difficult years. 
Coffee is one of key export products of Vietnam to Poland. (Photo: SGGP)

Poland – important gateway to bring Vietnamese goods into EU

The Ho Chi Minh City Investment and Trade Promotion Center (ITPC) on January 28 held a seminar on the prospects of exporting goods to the European Union through the gateway of Poland to assist enterprises to have more information and experience to increase exports to this market.
Production of high-tech plastic products at Saigon Industry Corporation. (Photo: SGGP)

Positive prospects for Vietnam’s economy in 2021

Besides the target to achieve a 6-percent growth in the gross domestic product (GDP) or to control inflation at or below 4 percent, the mission of the year 2021 is to begin a new period and a new term. Therefore, the impressive results in 2020 are expected to create resilience for this year, thereby creating a foundation for Vietnam to continue to successfully fulfill the socio-economic targets for the period from 2021 to 2025.