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Standard Chartered has said it expects Vietnam’s GDP growth to be around 6 percent in 2024 down from an earlier forecast of 6.7 percent, VN Express is reporting. Notably, the target of 6.7 percent was quite high relatively speaking–Vietnam’s National Assembly, which has a tendency to be overly optimistic, had only set a target of 6 to 6.5 percent for 2024.
Standard Chartered lowered its forecast on the back of lower than expected first quarter growth and ‘global trade headwinds’.
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