Việt Nam is stepping up efforts to achieve an ambitious GDP growth target of 8.3–8.5 per cent this year, despite global uncertainties and divergent economic forecasts.
The Singapore-based United Overseas Bank (UOB) revised its forecast projection for Việt Nam’s GDP growth upward to 6.9 per cent for 2025 from its previous projection of 6 per cent, following the strong performance in the second quarter.
In the most extreme case, electricity demand increases by more than 15 per cent, driven by breakthrough economic performance and widespread severe weather conditions.
In its Asia Development Outlook report, the Asian Development Bank (ADB) raised the growth rate forecast of Việt Nam to 6.4 per cent in 2024 and 6.6 per cent in 2025.