The ASEAN+3 Macroeconomic Research Office (AMRO) January update has suggested Vietnam’s GDP growth in 2024 could be the third highest in the region at an estimated 6 percent. Thought the report does not provide analysis specific to Vietnam it broadly suggests that the regional economy is improving on the back of a stabilising economy in China and an improved outlook for goods exports.
AMRO, January update, GDP estimates, forecasts
| October 2023 Update | January 2024 Update | ||||
| 2022 | 2023 | 2024 | 2023 | 2024 | |
| ASEAN | 5.6 | 4.4 | 5 | 4.3 | 4.9 |
| The Philippines | 7.6 | 5.9 | 6.5 | 5.6 | 6.3 |
| Cambodia | 5.2 | 5.3 | 6.2 | 5.3 | 6.2 |
| Vietnam | 8 | 4.7 | 6 | 5.1 | 6 |
| Indonesia | 5.3 | 5 | 5.2 | 5 | 5.2 |
| Malaysia | 8.7 | 4.2 | 5.2 | 4.2 | 5 |
| Lao PDR | 4.4 | 4.8 | 5 | 4.3 | 4.7 |
| Thailand | 2.6 | 3.5 | 3.9 | 2.7 | 3.3 |
| Singapore | 3.6 | 1 | 2.9 | 1.2 | 2.6 |
| Myanmar | 1.2 | 2.2 | 2.8 | 3.4 | 3.2 |
| Brunei Darussalam | -1.6 | 1.1 | 2 | 0.2 | 2.4 |
Full report: Quarterly Update of the ASEAN+3 Regional Economic Outlook (AREO) – January 2024