Goods loaded at Đà Nẵng Port. Standard Chartered Bank said exports should be supported in 2022 by a continued improvement in the global trade environment. — VNA/VNS Photo HÀ NỘI — Standard Chartered Bank forecasts Việt Nam's recovery will accelerate markedly in 2022, with GDP growing by 6.7 per cent. The bank raised its 2023 growth forecast for Việt Nam to 7 per cent as it believes Việt Nam's positive medium-term outlook remains intact. The forecast is highlighted in the bank's recently published global research report titled "Still battling headwinds" and Việt Nam-focused macro-economic research report titled "Việt Nam – Moving back to high growth". "The economy should continue to bounce back in 2022 as the global pandemic situation improves. Income growth has outpaced spending growth in recent years; this provides a decent savings buffer against the pandemic," said Tim Leelahaphan, Economist for Thailand and Việt Nam, Standard Chartered. "COVID-19 remains a key risk, at least in the short term. Quarter 1 could see full resumption of factory operations, after closures in the third quarter of 2021, and clearer recovery is expected in March." According to Standard Chartered's economists, exports should be supported in 2022 by a continued improvement in the… Read full this story
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