Foreign banks optimistic about Vietnam's economy
(NLDO) - Vietnam is projected to achieve a GDP growth rate of 6.7% by 2026, according to a newly released report by a foreign bank.
In its latest macroeconomic update, HSBC Global Research projects Vietnam’s GDP growth to hit 6.7% in 2026.
Although the country is not immune to the risks of a global trade slowdown, its sustained momentum in electronics exports - driven by AI-fueled demand and an expanding U.S. market share - is expected to help steer the economy through trade headwinds.
HSBC also anticipates that the continued focus on infrastructure development will persist into the new year, accelerating major projects and further bolstering growth.
Aviation is one of the sectors projected to continue growing in 2026, contributing to the economy's GDP momentum
Standard Chartered Bank Vietnam also maintains a positive outlook on the country's economic prospects for 2026, despite its growth forecast remains more cautious than the government’s 10% target.
Within Standard Chartered's regional projections, Vietnam continues to be rated as the fastest-growing economy in Asia, outpacing many peers amid a broader regional slowdown.
Suan Teck Kin, Head of Research at UOB Singapore, noted that Vietnam’s economy performed strongly in 2025 despite pressures from U.S. tariffs. Having closed the year with growth exceeding 8%, Vietnam enters 2026 on a solid footing.
Consequently, UOB has upgraded its GDP growth forecast for Vietnam for the year to 7.5% (from 7%), reflecting the nation’s resilience and current growth momentum.