United Overseas Bank has raised its 2024 GDP growth projection for Vietnam to 6.4 per cent from 5.9 per cent earlier despite the impact of Typhoon Yagi on business operations.
The bank also retained its 2025 GDP growth forecast of 6.6 per cent for the country.
UOB updated its forecast after Vietnam announced a GDP growth of 7.4 per cent in Q3 2024 and 6.82 per cent in the first three quarters.