World Bank forecasts Vietnam's GDP growth at 5.8% in 2025

World Bank forecasts Vietnam's GDP growth at 5.8% in 2025

As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.

Domestic factors to drive Vietnam's GDP growth in 2025: VinaCapital

While Vietnam's exports to the US have bolstered GDP growth this year, domestic factors, including the Government’s increasing spending on infrastructure, real estate market recovery, and consumption, will help the country maintain its economic expansion at around 6.5% in 2025, according to the latest report from VinaCapital.

PM urges concerted efforts for economic growth of at least 8% in 2025

Prime Minister Pham Minh Chinh has issued a dispatch asking for concerted efforts to promote economic development in 2025 with an aim for a gross domestic product (GDP) growth rate of at least 8% in the year.

Vietnam’s economy bounces back in post-typhoon period

Vietnam’s economy has recovered quickly despite external uncertainties and extensive damage caused by Typhoon Yagi, which has greatly affected all socio-economic activities and people’s lives.

HSBC raises Vietnam’s 2024 growth forecast to 7%

HSBC has lifted its 2024 gross domestic product (GDP) growth forecast for Vietnam to 7.0% from 6.5% after the country recorded stronger-than-expected growth in Q3 despite the devastation left by Typhoon Yagi.

Government eyes 7% GDP growth in 2024

The Government is striving to register an economic growth rate of 7% for the whole year, higher than the National Assembly (NA)’s target of 6 - 6.5%.

Ministry outlines two economic growth scenarios for 2025

The Ministry of Planning and Investment recently presented to the Government two economic growth trajectories for 2025, with the highest rate forecast at 7.5%.

Accelerated green economy transition efforts needed for 2024 GDP target

Vietnam’s 2024 economic growth target of 6.5% is challenging, with weak consumption demand and exchange rate risks, so signals a pressing need for hastening energy transition towards a green economy, a conference to launch the Vietnam Annual Economic Report 2024 heard.

Local consumption to regain spotlight: bank

While Government expenditure was the main driver for the economy in 2023, local consumption will regain the spotlight in 2024, experts predicted.

IMF maintains forecast for Vietnam’s 2023 GDP growth at 4.7%

Experts from the International Monetary Fund (IMF) maintained their forecast for Vietnam’s GDP growth at 4.7% in 2023 but expressed their optimism about the medium-term prospects, with GDP growth predicted to reach 5.8% in 2024 and 6.9% in 2025.
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