Standard Chartered forecasts GDP growth of 7.5% in the first half of 2025

On February 20, 2025, Standard Chartered Bank Vietnam organized a seminar on the overview of Vietnam and the world economy in the first half of 2025 in Ho Chi Minh City.

The event attracted the participation of many of the Bank's clients, regulators, and industry leaders to discuss important economic trends shaping the global and Vietnamese markets.

In her opening remarks, CEO and Head of Corporate and Investment Banking, Standard Chartered Vietnam, Ms. Nguyen Thuy Hanh, emphasized: Vietnam has achieved continuous high growth rates in recent decades, even in the face of challenges, and is transforming into a strong upper-middle-income economy. As an international bank with over 120 years of operations in Vietnam, Standard Chartered is committed to driving growth, innovation, and sustainable development here. Through collaboration with our clients and partners, we are committed to promoting a comprehensive approach to sustainable finance, supporting Vietnam's goal of net zero emissions by 2050 and promoting growth and prosperity for the country...

At the event, senior economists from Standard Chartered shared and discussed, as well as provided in-depth analysis on the global economic outlook and growth drivers for the Vietnamese market.

Mr. Edward Lee, Chief Economist, ASEAN and South Asia, Standard Chartered Bank said that global economic growth is forecast to remain low, with GDP at 3.2% in 2024, down to 3.1% in 2025; inflation is down but expectations of interest rate cuts by the US Federal Reserve (Fed) have decreased. Tight monetary conditions, fiscal pressures, and geopolitical uncertainties may continue to impact global markets.

Presenting an overview of Vietnam's economy, Mr. Tim Leelahaphan, Senior Economist, Vietnam and Thailand, Standard Chartered Bank forecasts Vietnam's GDP growth to reach 6.7% in 2025 (up 7.5% in the first half of the year and 6.1% in the second half of the year), driven by continued business expansion in 2025 and the following years with foreign investment playing an important role in driving growth.

Mr. Leelahaphan also pointed out the driving forces behind Vietnam's economic growth, including positive growth in foreign direct investment (FDI), with the manufacturing sector attracting the most investment, followed by the real estate sector, strong growth in retail sales and industrial production, solid export activities, and recovering tourism.

Standard Chartered is the only international bank with a presence in all ten ASEAN countries. Vietnam, a dynamic and important market in the region, plays an important role in Standard Chartered’s growth strategy, offering promising opportunities in retail banking, wealth management, banking services for priority and corporate clients, trade and financial institutions, etc., thereby contributing to the development of the banking and finance industry here as well as supporting customers to develop their businesses.

Source: https://thoibaonganhang.vn/standard-chartered-du-bao-tang-truong-gdp-dat-75-nua-dau-nam-2025-160669.html