Standard Chartered forecasts Vietnam’s GDP growth to be 5.1% in Q3, up from 4.1% in the previous quarter.
Growth in retail sales in September is expected at 8.2%. Exports will drop 6.2% and imports 7%. Industrial production growth will be up 3.2%. The inflation rate may be 3.2% this month, compared to 3% last month.
Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered Bank, said: “As the economy is recovering, we will no longer be so dependent on monetary policy.”
This bank maintains its 2023 GDP growth projection at 5.4%, lower than the country’s 6.5% growth target.
Some domestic and international organizations predict Vietnam’s growth this year to fluctuate below 6%.