Vietnam back as ASEAN growth star as outlook turns more positive: HSBC
Vietnam’s economic outlook has turned more positive, with recovery continuing as the year progressed after a challenging Q1 2024, according to HSBC, which said the country is back as ASEAN’s ‘growth star’.
HSBC noted that growth rose to 6.9 per cent and 7.4 per cent in Q2 and Q3 respectively, and so it has raised the country’s growth forecast for this year to 7 per cent from 6.5 per cent earlier.
Vietnam’s economic outlook has turned more positive, with recovery continuing as the year progressed after a challenging Q1 2024, according to HSBC, which said the country is back as ASEAN’s ‘growth star’.
HSBC noted that growth rose to 6.9 per cent and 7.4 per cent in Q2 and Q3 respectively, and so it has raised the country’s growth forecast for this year to 7 per cent from 6.5 per cent earlier.
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