(VOVWORLD) - Singapore’s United Overseas Bank (UOB) has revised its 2025 GDP growth forecast for Vietnam from 6.9% to 7.5%, while predicting Vietnam's credit growth will reach 19–20% by the end of the year.
UOB, one of Singapore’s biggest banks, attributed the revision to Vietnam’s GDP expanding 7.52% in the first half, the strongest first half performance since 2011, propelled by rising public investment. In the second quarter, Vietnam’s real GDP growth was 7.96% above the same period last year.
Tariff uncertainties abated in the second half of 2025 after the US locked in country-specific rates ahead of an August 1 deadline, with Vietnam’s rate settling at 20%.
UOB analysts said Vietnam’s economy continues to show resilience and dynamism, despite tariff risks and uncertainties. Exports have been particularly robust, though they remain vulnerable if US demand weakens under tariff pressures.
Suan Teck Kin, head of UOB's Global Economics & Market Research Unit, said an average annual growth rate of 7% between 2026 and 2045 is within reach for Vietnam if current reforms, openness, investment, and trade momentum are sustained and efficiently implemented.