(VOVWORLD) - Several foreign financial organizations have predicted that Vietnam’s economy will grow up to 6.5-6.7% this year, according to a recent article run by the US-based Fibre2Fashion portal.
The article wrote that Standards Chartered Bank recently forecast that Vietnam's GDP will be 6.7% this year and 7% in 2023. Fibre2Fashion quoted Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered, as saying that the Vietnamese economy should continue to bounce back in 2022 as the pandemic improves.
The expert also noted that COVID-19 remains a key risk, at least in the short term. Therefore, the first quarter could see a full resumption of factory operations, after closures in the third quarter of 2021, and government stimulus and clearer recovery is expected in March.
In its recent report, HSBC said after two years of slowdown, Vietnam's economic growth will accelerate to reach 6.5% in 2022.
HSBC noted the biggest obstacle now is the ongoing COVID-19 outbreak, but it is encouraging that vaccination has been improved, enough to avoid another period of widespread social distancing.