VIETNAM, July 21 –
HCM CITY — The Vietnamese economy grew by 7.7 per cent in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption.
“Việt Nam’s stellar Q2 GDP growth has prompted us to lift our 2022 GDP growth forecast from 6.5 per cent to 7.5 per cent, although we believe it is very possible [it] will grow by more than 7.5 per cent this year,” Michael Kokalari, chief economist at VinaCapital, said.
“Furthermore, GDP growth in Q3 is likely to exceed 10 per cent year-on-year because the COVID-19 lockdowns [last year] resulted in a low base.
“We believe that a 10 per cent [rate] would be a major catalyst for investors to pour money into Việt Nam’s stock market, with the only caveat to the…
