There are three sectors that VinaCapital expects to benefit from very strong outlook for Vietnam’s GDP growth, including banking that has a circa 30 per cent weighting in the VN-Index), property (23 per cent), and consumer discretionary stocks (3 per cent).
HSBC’s forecast for the country's GDP growth this year has been amended to 5.1 per cent, reflecting the severe impact of the latest Covid-19 outbreak.
Vietnam’s economy continued to perform strongly in the first half of 2018, however, it remains vulnerable to external and domestic challenges, according to Asian Development Bank.
Vietnam would experience strong GDP growth this year and next, as it continues to attract FDI inflows and expand their manufacturing base, according to the head of Asia research at Australia & New Zealand Banking Group Ltd.
The Asian Development Bank (ADB) upgrades its growth prospects for Vietnam to 6.7 per cent in both 2017 and 2018 compared to previous forecasts of 6.3 per cent and 6.5 per cent, respectively.
Economic growth of Vietnam in 2017 is anticipated 0.5 per cent higher than the previous forecast (6.2 per cent).
The growth figures in the passing years in Vietnam are unreasonable, with growth in quarters not following normal logic.
World Bank's Lead Economist for Vietnam Sebastian Eckardt said that it is possible for Vietnam to achieve its full-year GDP growth target of 6.7 per cent if the momentum in Q3 2017 is carried forward to the Q4.
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On the afternoon of September 28, Deputy Prime Minister Vuong Dinh Hue chaired a meeting of the National Financial and Monetary Policy Advisory Council on assessing the macroeconomic indicators in the third quarter and the first 9 months of 2017.
HSBC has decided to reduce its forecast of Vietnam economic growth for 2017 from 6.4% to 6%.
Vietnam's medium-term outlook remains positive, with GDP growth expected to increase slightly to 6.3% in 2017 - The World Bank (WB) said in a report on Vietnam's economic development published on July 13.
Imposing targets for each ministry can pose some negative impacts on the economy, as it does not create any motivation for the development of economic sectors.
Vietnam has undergone an astonishing 30 years of development. The World Bank's outlook for the Vietnamese economy remains highly positive, with average GDP growth of around 6% forecast annually until 2020.
Stronger export growth and a continued rise in investment suggest Viet Nam’s GDP growth will go back above 6.5 per cent in 2017, after a slowdown to 6.2 per cent in 2016.
