HO CHI MINH CITY: Vietnam is likely to secure high annual growth of 8%, or even double-digit rates after recording a 7% expansion last year, according to Global Economics and Markets Research at Singapore-based United Overseas Bank (UOB) executive director Suan Teck Kin.
The National Assembly’s recent decision to raise Vietnam’s gross domestic product (GDP) growth target to at least 8% in 2025 and double-digit rates in the 2026 to 2030 period shows a high level of consensus across the political system for the country’s new development goals, despite many challenges facing the economy.
