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ADB holds steady on Vietnam GDP growth at 6 percent in 2024

The Asian Development Bank has left its forecast for Vietnam’s GDP growth unchanged at 6 percent in its latest, Asian Development Outlook July 2024. The bank has also forecast that inflation in Vietnam should be around 4 percent for the year.

ADB, Southeast Asia GDP Growth, July 2024

2023 2024 2025
April July April July
Indonesia 5 5 5 5 5
Malaysia 3.7 4.5 4.5 4.6 4.6
Philippines 5.5 6 6 6.2 6.2
Singapore 1.1 2.4 2.4 2.6 2.6
Thailand 1.9 2.6 2.6 3 3
Vietnam 5.1 6 6 6.2 6.2
Southeast Asia 4.1 4.6 4.6 4.7 4.7

ADB, Southeast Asia Inflation, July 2024

2023 2024 2025
April July April July
Indonesia 3.7 2.8 2.8 2.8 2.8
Malaysia 2.5 2.6 2.6 2.6 2.6
Philippines 6 3.8 3.8 3.4 3.4
Singapore 4.8 3 3 2.2 2.2
Thailand 1.2 1 0.7 1.5 1.3
Vietnam 3.3 4 4 4 4
Southeast Asia 4.1 3.2 3.2 3 3