VNDirect projects Vietnamese economic growth to hit 6.9% this year

VNDirect experts expressed their belief that the national economy will continue to maintain its strong growth momentum ahead in the fourth quarter of the year with GDP likely to rise by 7.1%.

This level of robust growth has been attributed to positive manufacturing and export activities, abundant FDI inflows, the recovery of the real estate market, and the Government's support measures such as monetary and fiscal policies.

They also projected Vietnamese GDP to continue to grow 6.9% ahead in 2025 thanks to the global trend of easing monetary policy coupled with the positive outlook for the Vietnamese manufacturing and export sectors. Other factors include continued improvement in domestic consumption demand and gradual rebound in private investment.

Stable global growth is set to be a supportive factor for Vietnamese export and manufacturing prospects next year, they said, adding that the country’s import-export turnover is forecast to grow positively at between 9% and 10% in 2025.

Furthermore, foreign direct investment (FDI) inflows into the country are also anticipated to remain positive next year with a growth rate of between 8% and 9%, while import-export value is expected to soar between 9% and 10% thanks to a stable global economic outlook along with a gradually easing credit environment.

Earlier in the third quarter, Vietnamese GDP increased  7.4%, marking the highest quarterly growth compared to the figure of more than 13.7% seen in the same period from last year after the Government officially fully opened the economy after the COVID-19 pandemic.