Vietnam Outlook – Jan2025

Posted:14/01/2025

  • Im-exports accelerated strongly in Dec, yet the PMI dipped below the 50-point threshold, reflecting a subdue state in the health of the manufacturing sector.
  • We expect the exchange rate to range within 25,500 – 25,800 VND/USD in Q1/25 amid uncertainties associated with ‘Trump 2.0’.
  • Vietnam’s GDP grew robustly by 7.55% yoy in Q4/24 and by 7.09% yoy in 2024. Thus, we expect the economy to expand by 7.1% yoy in 2025 on the back of accelerated public investment and vibrant manufacturing activities.

 

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