UOB revises up Vietnam's 2022 GDP forecast to 8.2%

(VOVWORLD) -The United Overseas Bank (UOB) headquartered in Singapore has revised its forecast for Vietnam's GDP growth to 8.2% in 2022 from the previous prediction of 7%. 
UOB revises up Vietnam's 2022 GDP forecast to 8.2% - ảnh 1(Photo: vietnamplus.vn)

The Bank said Vietnam's 13.7% GDP growth in the third quarter of this year is the strongest in Asia and surpasses India's 13.5% growth.

Vietnam's GDP grew 8.8% year-on-year in the third quarter and 6.4% in the first two quarters of the year.

Recovery was particularly visible in the service sector, in which accommodation and food services rose 41.7% and entertainment services 14.5% thanks to relaxed restrictions and the return of foreign visitors.

The construction sector expanded 8.6% year on year during the nine months, manufacturing 10.7%, and services 10.6%, according to the UOB.

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