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United Overseas Bank predicts Vietnam GDP growth of 5.5 percent in Q1

This is an increase over the 3.3 percent Vietnam saw in the first quarter of last year, VN Express is reporting. The bank predicts 6 percent credit growth for the year. 

Of note in this article:

  • According to one quote GDP growth will be linked to the recovery of the semiconductor sector–it’s not made clear how much the bank thinks semiconductor manufacturing contributes to Vietnam’s GDP;
  • The bank predicts Inflation will be around 3.8 percent for the year;
  • State Bank of Vietnam interest rates will remain unchanged; and
  • The exchange rate will fall to about VND 23,800 to the USD by Q1 2025.

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