According mobile bongdaso experts of Standard Chartered, Vietnam still maintains its position as manufacturing central and important link in global supply chain even with the challenges in pandemic and geopolitical tensions.
In the newly published title “Vietnam’s economic recovery momentum mobile bongdaso be stronger in Q2”, Standard Chartered bank forecasts Vietnam’s GDP growth rate up mobile bongdaso 6,7% in 2022 when other economic factors showed signs of widespread recovery.
The recovery process is expected mobile bongdaso be stronger in the end of Q2 of 2022 when domestic demands and tourism industry recover. However, Vietnam mays face challenges short-term risks, especially events that related mobile bongdaso tourism recovery and pandemic.
Mr.Tim Leelahaphan – economic experts of Standard Chartered in Thailand and Vietnam shared that: “Vietnam government has removed quarantine restrictions for international tourist coming mobile bongdaso Vietnam in March 2022. We assumed that tourism which contributed 10% of GDP will need more attention and assessment in Q2 after 2 years of lockdown”.
Experts from Standard Chartered Bank stated that FDI inflows into Vietnam have started mobile bongdaso pace up this year after short decline in 2021. Standard Chartered expects this trend mobile bongdaso continue, especially in such sectors as manufacturing and electricity, petroleum and air conditioning equipment supply.
“Foreign investors will continue mobile bongdaso be the main driving force for Vietnam mobile bongdaso contribute mobile bongdaso the global supply chain. Many large technology enterprises in the world have moved or plan mobile bongdaso move production from China mobile bongdaso Vietnam in recent years in order mobile bongdaso diversify their supply chains. Vietnam continues mobile bongdaso be a regional manufacturing hub in areas such as electronics, textiles and footwear," said Tim Leelahaphan, economist in charge of Thailand and Vietnam, Standard Chartered Bank.
Standard Chartered Bank maintains its inflation forecast for Vietnam at 4.2% for 2022 and 5.5% for 2023. Supply factors will bring risks of increasing inflation, especially with the current geopolitical tensions. In the medium term, factors affecting inflation originates from demand will increase when the economy recovers.
Standard Chartered maintains a positive assessment of the Vietnamese dong (VND), thanks mobile bongdaso the support of the balance of payments. Vietnam is likely mobile bongdaso continue mobile bongdaso run current account surplus this year as the tourism sector recovers, despite higher commodity prices. Standard Chartered predicts the USD-VND exchange rate mobile bongdaso reach 22,300 by the end of 2022 and 22,000 by the end of 2023.
Source: vietq.vn
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