In its latest economic assessment report, Standard Chartered said Vietnam’s economic outlook has improved thanks to a strong recovery in manufacturing, investment, and consumption.

The upward revision was made because of Vietnam’s positive economic performance in the first half of the year, with growth drivers continuing to gain momentum. It also expects the positive trend to carry into 2027, predicting GDP growth of 11%.

Standard Chartered revised down its inflation forecast to 4.4% in 2026 and 3.3% in 2027, indicating that price pressures may ease further. The bank believes that the policy rates likely to be unchanged, balancing support for economic growth with the need to maintain macroeconomic stability.