World Bank forecasts Vietnam's 2025 GDP growth at 6.8%
World Bank forecasts Vietnam's 2025 GDP growth at 6.8%
Vietnam's gross domestic product is projected to grow 6.8% in 2025, the World Bank said in a report on Wednesday, noting the uncertain outlook for global trade was a risk for the export-driven economy.
The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. Photo: Reuters |
The GDP forecast is lower than the Vietnamese government's official growth target of at least 8.0% this year, and growth of 7.09% last year.
The World Bank said export growth was seen moderating to 12.1% this year, from 14% growth in 2024, and would taper further in 2026 due to expected slowdowns in China and the U.S. and because of uncertain global trade prospects.
Inflation was forecast at 3.5% this year.
Vietnam's export-driven economy faces risks from the U.S. imposition of tariffs on its trading partners, and the risk of an escalating global trade war. "On the other hand, increased public investment could further support demand and contribute to growth," World Bank economist Sacha Dray said at the launch of the report.
"An accelerated recovery in the real estate market thanks to faster project clearance could further boost domestic demand."
It forecasts economic growth to further moderate to 6.5% next year.
- 17:00 12/03/2025
