The Singapore-based bank expects growth of about 9.7 per cent in the fourth quarter, supported by public investment disbursement, seasonally strong exports and record foreign direct investment inflows.
The bank said Việt Nam entered the second half of the year with strong economic momentum despite headwinds including conflict in the Middle East, elevated energy prices, supply chain disruptions and uncertainty over global trade policies.
Fitch Solutions revised down its 2020 real GDP growth forecast for Viet Nam to 6.3 per cent, from 6.8 per cent previously, in light of the worsening global Covid-19 outbreak.
Despite lowering the economic growth forecast of Asia, the Asian Development Bank (ADB) revised the Vietnamese GDP growth forecast from 6.8 per cent to 6.9 per cent for 2019 and from 6.7 per cent to 6.8 per cent for 2020.
Viet Nam''s gross domestic product (GDP) growth is forecast to be robust
in 2016 and 2017, possibly outperforming other countries in the region,
according to international banks.