Standard Chartered raised its forecast for Vietnam’s 2026 GDP growth to 9.5 per cent from 7.2 per cent earlier, citing stronger-than-expected recovery in manufacturing, investment and domestic consumption.
The adjustment follows positive economic performance in H1 2026, with growth drivers continuing to gain momentum.
It lowered its inflation forecast to 4.4 per cent for 2026 and 3.3 per cent for 2027.
The adjustment follows Vietnam’s positive economic performance in the first half (H1) of the year, with growth drivers continuing to gain momentum, Standard Chartered said in its latest economic outlook report. It also expects the positive trend to carry into 2027, predicting GDP growth of 11 per cent.
The bank, however, lowered its inflation forecast to 4.4 per cent for 2026 and 3.3 per cent for 2027, saying price pressures may ease further.
It believes the country’s central bank is likely to keep its policy rates unchanged, balancing support for economic growth with the need to maintain macroeconomic stability, a domestic news agency reported.
While global economic uncertainties and inflationary risks remain factors to watch, Tim Leelahaphan, senior economist for Vietnam and Thailand at Standard Chartered, noted that Vietnam is entering the second half of the year with a relatively solid foundation.
Sustained domestic demand, continued investment in infrastructure and enhanced production capacity, together with ongoing economic restructuring, are expected to foster a more balanced and sustainable growth model and support the economy’s long-term development objectives, he added.
Fibre2Fashion News Desk (DS)
