• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Viet Nam's second quarter GDP growth may accelerate to 6%: UOB

VGP - Singapore-based United Overseas Bank (UOB) has forecast Viet Nam's GDP growth at 6 percent in the second quarter of 2024.

June 12, 2024 7:42 AM GMT+7
Viet Nam's second quarter GDP growth may accelerate to 6%: UOB- Ảnh 1.

For the full year, the bank sustained its previous forecast at 6 percent. Inflation will be controlled at 3.8 percent.

The positive outlook is mainly driven by increasing chip-making demand, the recovery of Chinese and regional economies as well as ongoing supply chain shifts, according to the UOB.

In 2025, UOB expected the Vietnamese economy to expand 6.4 percent.

The Vietnamese economy expanded 5.66 percent in January-March period, reported the General Statistics Office (GSO).

The manufacturing purchasing managers’ index (PMI) remained unchanged at 50.3 in May, signaling a second consecutive marginal monthly improvement in business conditions in the industry.

Industrial production rose by 8.9 percent in May, marking the third consecutive month of growth.

Exports posted two-digit growth for the third consecutive month, at 15.8 percent in May, up from 10.6 percent in April.

Imports grew 29.9 percent in May from 19.9 percent in April.

Viet Nam ran a trade surplus of US$7.8 billion in the first five months of this year.

The foreign direct investment disbursement grew 7.8 percent to reach US$8.3 billion in January-May, the fastest pace since 2018.

The Government has set a GDP growth target of 6-6.5 percent this year./.