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Standard Chartered foresees Vietnam’s Q3 GDP at 5.1%

Standard Chartered Bank predicts a rise in Vietnam’s Q3 GDP growth to 5.1% YoY, showcasing ongoing recovery with early signs marked in Q2. The projection for 2023’s GDP growth remains at 5.4%, as detailed in the bank’s report “Vietnam Macro: Q3 GDP to show ongoing recovery”. September is expected to experience slight improvements, with robust retail sales growth at 8.2% YoY, but a contraction in exports by 6.2%. Inflation is likely to experience a marginal hike to 3.2% YoY from 3.0% in August, driven by rising education, housing, and food prices. The recovery is observed as tentative, with uncertainties lingering in trade, manufacturing, and FDI recovery prospects.


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