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.