International organisations have maintained their robust growth forecasts for Vietnam this year as the economy has bounced back strongly despite external uncertainties and extensive damage caused by Typhoon Yagi.

Vietnam’s economy continued to receive positive assessments in August, including those from the World Bank (WB) that upgraded its growth forecast for this year to 6.1% from 5.5%.

The Southeast Asian economies remain steadfastly resilient and delivered credible economic growth in the second quarter of 2024, with Vietnam and the Philippines continuing as the region’s top two performing economies, growing at 6.9% and 6.3%, respectively, according to McKinsey & Company, a US multinational strategy and management consulting firm.

Vietnam is one of the fastest-growing economies in Southeast Asia with promising potential and favourable macroeconomic factors such as a young population, skilled labour force, and abundant natural resources, according to Deputy Chairman & CEO of Singapore-based United Overseas Bank (UOB) Wee Ee Cheong.

VOV.VN - Consumer price index (CPI) in the January-July period inched up 4.12% from the same time last year, while the country recorded a trade surplus of US$14.08 billion, reported the General Statistics Office on July 29.

Vietnam's economy is experiencing a surge, fueled by strong export and industrial production, according to a series of reports from international organisations.

The US’s S&P Global Ratings affirmed its 'BB+' long-term and 'B' short-term sovereign credit ratings on Vietnam, with a “stable” outlook on the long-term rating, the website disclosure.spglobal.com reported on June 20.

Singapore’s maritimefairtrade.org recently published an article on the recovery of the Vietnamese economy, citing the latest World Bank Taking Stock bi-annual economic update with growth forecast to reach 5.5% in 2024 that will gradually rise to 6% by 2025.

The index of industrial production (IIP), foreign direct investment (FDI) and export-import were among the bright spots of the national economy in the first five months of this year, experts have said.

Vietnam needs to take advantage of opportunities to overcome difficulties and keep up with global trends; and create good, better quality foundations in terms of institutions, infrastructure and human resources for breakthrough development, according to an economist.