In its Economic Outlook Emerging Markets Q4 2024 S&P Global has forecast GDP growth for Vietnam of 6.2 percent in 2024 and 6.8 percent in 2025. This is an increase of 0.4 points and a tenth of a point over its second-quarter forecasts, respectively.
The report notes that Vietnam and Malaysia in particular are experiencing strong growth in electronics exports and attracting substantial foreign direct investment in the electronics sector.
In Vietnam, it points out that manufacturing output increased by approximately 10 percent year-over-year in the first half of 2024. However, it also notes that the electronics industry is known for its cyclical nature, and any decline in global demand could impact this momentum, leading to potential fluctuations in production and investment.
See also: Vietnam Electronics Manufacturing: Industry Overview