Vietnam's Economic Situation in Q2/2024

GDP Growth Forecasts:

• BIDV: 5.9-6.3%, around 5.8-6.2% for the first six months.
• Standard Chartered: 5.3% in Q2, increasing to 6% and 6.7% in Q3 and Q4.
• UOB: Approximately 6%, based on economic activities, foreign investment, production, and services.

Economic Indicators:

• PMI: Increased to 50.3 points in May, marking the second consecutive month of growth.
• Industrial Production Index: Increased by 6.8%.
• Total Import-Export Turnover: Increased by 16.6%; exports up by 15%; imports up by 18.2%.
• Public Investment Disbursement: Achieved over 22.34% of the plan.

2024 GDP Growth Scenarios:

• Scenario 1: Annual growth reaches 6%, with Q2 at 5.85%, and Q3 and Q4 at 6.22% and 6.28%, respectively.
• Scenario 2: Annual growth reaches 6.5%, with Q2 at 6.32%, and Q3 and Q4 at 6.79% and 7.08%, respectively.

Vietnam's economy is on a recovery path with improved growth drivers but still faces many challenges from the global economic situation.

Huy Dinh compiled from Investment Newspaper