Catfish processing for export (Photo: VNA)The article wrote that Standards Chartered Bank recentlyforecast that the Southeast Asian nation’s gross domestic product (GDP) growthwill be 6.7 percent this year and 7 percent in 2023.
Fibre2Fashion quoted Tim Leelahaphan, economist for Thailandand Vietnam at Standard Chartered, as saying that the Vietnamese economy shouldcontinue to bounce back in 2022 as the pandemic improves.
The expert also noted that COVID-19 remains a key risk, atleast in the short term. Therefore, the first quarter could see a fullresumption of factory operations, after closures in the third quarter of 2021,and government stimulus; and clearer recovery is expected in March, the articlewrote.
It also cited economists at Standard Chartered as sayingthat a continued improvement in the global trade environment will supportexports in 2022 although import growth is likely to remain high.
In its recent ‘Vietnam at a glance’ report, the HSBC said aftertwo years of growth slowdown, the country’s economic growth will accelerate toreach 6.5 percent in 2022. The government also targeted this year’s GDPexpansion at 6.5-7 percent, equivalent to pre-pandemic levels, it said.
It noted Vietnam has recovered steadily after hitting bottomin 2021 and that it will regain growth momentum in all aspects soon.
The HSBC noted the biggest obstacle needing attention now is theongoing COVID-19 outbreak, but it is encouraging that vaccination has been muchimproved, enough for avoiding another period of widespread social distancing,said the Fibre2Fashion article./.
VNA
