According to Experts from Standard Chartered Bank, Vietnam’s Economy Bound Back Strongly, Grow at 6.7% this year and 7% next Year.
High base effects, tighter monetary and fiscal policies, global supply-chain disruptions, and elevated inflation are expected to moderate the recovery momentum, following a strong bounce earlier in 2022 driven by initial vaccine rollouts and government stimuli were contributing factors.
Vietnam’s economic recovery should kick into high gear by the end of the first quarter of 2022, gaining momentum for the rest of the year as well as for the medium-term growth. Vietnam has a strong appeal to become an alternative manufacturing base in the medium term.
Meanwhile the global economy has been forecast to grow at a 4.4% rate this year against the 5.8% growth rate in 2021.
VIETNAMMANUAL TEAM