The Standard Chartered Bank continues to expect a robust 6.7 per cent gross domestic product (GDP) growth for Vietnam this year, with a growth rate of 6.2 per cent in the first half and 6.9 per cent in the second.The country’s retail sales and industrial production have stayed robust despite recent moderation, the bank noted in its report titled ‘Vietnam—Stronger but not easier’.Exports and imports are starting to recover, though electronics-related trade remains tentative. The manufacturing sector stands to benefit from shifting global supply chains, with multiple free-trade agreements.The Standard Chartered Bank expects 6.7 per cent GDP growth for Vietnam in 2024.
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Vietnam’s 2024 GDP growth forecast at 6.7%: Standard Chartered Bank
