The World Bank has just raised its forecast for Vietnam’s economic growth in 2022 to 7.2%. In April, the World Bank only forecast Vietnam’s growth to about 5.3%.
Vietnam is the fastest growing country in Asia this year and 2023, Vietnam due diligence service.
For 2023, the organization kept its forecast for Vietnam’s economic growth at 6.7%.
The World Bank also raised its growth forecasts for the Philippines and Malaysia to 6.5% and 6.4% respectively in 2022.
For Indonesia, Southeast Asia’s largest economy, the World Bank kept its growth forecast unchanged at 5.1% this year and 2023.
The World Bank downgraded its forecast for Laos’ economic growth from 3.8% to 2.5%.
Meanwhile, Cambodia is forecast to increase slightly compared to the previous forecast, from 4.5% to 4.8%.
With a positive forecast from the World Bank, Vietnam is considered a bright spot of the regional economy as well as the world.
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