UOB forecasts positive growth for Vietnam's economy
(VOVWORLD) - Ahead of the "UOB - Gateway to ASEAN" Conference set to open on Friday in Ho Chi Minh City, UOB Bank's Director of Global Market and Economic Research, Suan Teck Kin, on Tuesday shared an optimistic outlook for Vietnam's economy.
 Illustrative photo (VOV) |
He noted that Vietnam’s GDP grew by 6.4% in the first half of this year compared to the same period last year, driven primarily by the manufacturing, industrial, and service sectors.
He projected that Vietnam's economy would continue to grow positively, with GDP growth expected to exceed 6% this year, supported by strong performances in manufacturing, electronics, furniture, and automotive industries.
Despite global challenges like high interest rates and reduced demand in developed markets, Vietnam’s Purchasing Managers’ Index (PMI) remains the highest in Asia, signaling ongoing economic expansion.