The forecast is highlighted in the bank’s global research report on Vietnam, which was recently published with the title “Vietnam – stronger but not easier”. The report cited Tim Leelahaphan, Economist for Thailand and Vietnam, Standard Chartered, as saying that, Vietnam continues to offer a promising medium-term outlook. To maintain rapid growth and competitiveness, the country needs to upgrade infrastructure and prepare to lower carbon emissions, he suggested. Given re-emerging inflation concerns, inflation is anticipated to pick up to 5.5% in 2024 from 3.3% in 2023. Forex reserves are forecasted to be rebuilt when US dollar strength abates, the Standard Chartered economist noted./.

Source: Viet Nam News January 12, 2024 13:11 UTC