Standard Chartered raises growth forecast

Standard Chartered Bank has raised its GDP growth forecast for Vietnam from 6.7 per cent to 7.5 per cent for 2022 and from 7 per cent to 7.2 per cent for 2023. While identifying inflation as a threat to economic recovery, the bank lowered its inflation forecast in 2022 from 4.2 per cent to 3.3 per cent, but in 2023 has increased it to 5.5 per cent. It also forecast that depreciation of the VND will slow in the months to come.