International financial institutions optimistic about Vietnam’s economic growth
Many international financial institutions have expressed their optimism about Vietnam’s GDP growth, and shared the view that it would reach at least 6% this year.
Many international financial institutions share the view that it would reach at least 6% this year. (Photo: VNA)
HCM City (VNA) - Many internationalfinancial institutions have expressed their optimism about Vietnam’s GDP growth,and shared the view that it would reach at least 6% this year.
Standard Chartered Bank expected Vietnam to have arobust GDP growth of 6.7% in 2024 (6.2% and 6.9% in the first half and secondhalf of the year, respectively).
“Vietnam continues to offer a promising medium-termoutlook. To maintain rapid growth and competitiveness, Vietnam needs to upgradeinfrastructure and prepare to lower carbon emissions,” said Tim Leelahaphan,Economist for Thailand and Vietnam, Standard Chartered.
According to the economist, retail sales andindustrial production have stayed robust despite the recent moderation. Exportsand imports are starting to recover, though electronics-related trade remainstentative. Given re-emerging inflation concerns, inflation is anticipated topick up to 5.5% in 2024 from 3.3% in 2023.
HSBC also said Vietnam’s GDP is on a firm recoverytrack and growth can reach 6% this year. The bank expected Vietnam’s inflationto be at 3.4% this year, much lower than the target of 4-4.5%.
Meanwhile, Michael Kokalari, a chartered financialanalyst and chief economist at VinaCapital, forecast that the nation's GDPgrowth will increase to 6-6.5% in 2024 from 5.1% last year.
After a challenging 2023, all indications are that 2024should be a stronger year for Vietnam’s economy, driven by a rebound inmanufacturing and improvement in consumer sentiment, he said.
Besides, the steady fall in interest rates through2023 should help boost the real estate market after having helped support thestock market last year, he added./.
Overcoming the fluctuations from the global economic landscape and internal constraints in 2023, Vietnam's economy continued its trajectory of recovery, with inflation kept under control and key balances safeguarded.
Vietnam’s gross domestic product (GDP) in 2023 is estimated to have increased 5.05% compared to 2022, surpassing only the growth rates posted in 2020 and 2021 during the 2011-2023 period.
The Vietnamese economy did recover in 2023, Dr. Can Van Luc affirmed, describing quarter-over-quarter growth, rebounded sectors, and impressive results in economic integration as three highlights last year.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Many international financial institutions share the view that it would reach at least 6% this year. (Photo: VNA) 
