Singapore-based United Overseas Bank (UOB) has maintained its forecast for Vietnam’s economic growth at 6% for the whole year on the back of the recovery of both domestic and foreign demand as well as production sector in the first half, Executive Director in Global Economics and Markets Research Suan Teck Kin said on July 16. At the launch of the UBO Business Outlook Study 2024 held in Ho Chi Minh City, he highlighted that motives for the economic growth came from the recovery of the demand for electronic products, stable growth in China and the region as well as central banks’ loose monetary policies, elaborating the economy expanded 6.42% in the first half as compared to 3.42% recorded in the same time last year.
Source: Vietnam News Agency
