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| Vietnam's economy poised to gain from regional growth in 2025 (Photo:VNA) |
The data showed that Southeast Asia’s economic boost is driven by trade, investment, consumption, and fiscal policies, including anticipated monetary easing at the beginning of 2025. Vietnam’s GDP growth is projected to rise to 6.5% in 2025, up from 5.0% in 2024, fueled by increasing global demand for goods.
The report emphasised that Southeast Asia, particularly Malaysia and Vietnam, is seeing benefits from both domestic and international investments.
Malaysia and Thailand are also experiencing growth, though at a slower rate. Singapore's growth is stable but subdued due to its developed economy.
The Philippines and Indonesia, while growing similarly to Vietnam, are less integrated into the global economy. However, ongoing infrastructure improvements in these countries are expected to enhance their growth.
Analytics also highlights potential risks, especially for the Philippines, recommending effective execution of its plans. Indonesia is anticipated to encounter challenges until President Prabowo Subianto assumes office in October 2024.
Overall, investment spending is bolstering the Asia-Pacific economy, with fiscal policies in India and China, particularly China’s support for manufacturing loans, contributing to growth in these major economies./.
