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​HSBC raises Vietnam 2024 GDP growth forecast to 6.5%

Jul 13th at 15:04
13-07-2024 15:04:12+07:00

​HSBC raises Vietnam 2024 GDP growth forecast to 6.5%

HSBC Bank on Friday raised its forecast for Vietnam's gross domestic product growth for this year to 6.5% from its previous forecast of 6.0%, after second-quarter growth beats consensus.

​HSBC raises Vietnam 2024 GDP growth forecast to 6.5%

Employees are at work at Dony Garment Co. Ltd. in Tan Binh District, Ho Chi Minh City. Photo: Tu Trung / Tuoi Tre

"Beyond headline numbers, its recovery has started to show signs of broadening out," HSBC said in a note.

It said, however, inflation appears to be an imminent concern with higher pork prices, resulting from an African swine fever outbreak, keeping inflation elevated on a year-on-year basis in June.

Tuoi Tre News

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