HSBC has revised up its 2024 GDP growth forecast for Vietnam to 7 per cent from 6.5 per cent after the country recorded stronger-than-expected growth in Q3 2024 despite the devastation left by Typhoon Yagi.
It kept its 2025 forecast unchanged at 6.5 per cent.
The Q3 2024 GDP growth was 7.4 per cent YoY.
The outperformance was led by manufacturing, which grew at 11.4 per cent YoY.