Vietnam's economy forecast to grow 7.7 pct in 2025: UOB
Singapore's United Overseas Bank (UOB) has revised its full-year gross domestic product (GDP) growth forecast for Vietnam to 7.7 percent from 7.5 percent previously, Vietnam News Agency reported Monday, Xinhua reports.
According to UOB, with a growth rate of 7.85 percent in the first three quarters of the year, Vietnam's economic outlook for 2025 remains positive.
However, due to a high comparison base in the fourth quarter of 2024, the Vietnamese economy is expected to face challenges amid tariff and trade tensions in the final quarter of this year.
The bank has maintained its fourth-quarter growth projection at 7.2 percent.
The Vietnamese government has set a GDP growth target of over 8 percent for 2025, the state-owned media reported.
As reported previously, Vietnam’s agricultural sector aims to reduce greenhouse gas emissions by at least 15 percent by 2035, compared to the baseline set in 2020.
