Vietnam's economy to grow an impressive six per cent in Q2, says Singapore based UOB


HANOI (Bernama-Xinhua):Vietnam's economic growth in the second quarter of 2024 will edge up to six per cent from 5.66 per cent in the first quarter, according to the latest forecast of Singapore-based United Overseas Bank (UOB).

UOB maintained the previous forecast at six per cent for the full year on increasing chip-making demand, the recovery of Chinese and regional economies, as well as ongoing supply chain shifts, Vietnam News Agency reported Tuesday.

Inflation in 2024 is forecast to be controlled at 3.8 per cent.

The bank expected the Vietnamese economy to grow at 6.4 per cent in 2025.

The Vietnamese government has set a gross domestic product (GDP) growth target of six to 6.5 per cent this year. - Bernama-Xinhua

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