Vietnam set to be tai bet88 outperformer of tai bet88 ASEAN-6: Oxford Economics

According to a new report released by Oxford Economics - tai bet88 world's foremost independent economic advisory firm,Vietnam's economy will be tai bet88 standout among tai bet88 ASEAN-6, growing at a faster pace relative to its peers during tai bet88 next few years.

tai bet88 report notedthat Vietnam’s gross domestic product (GDP) growth will reach 6.7 per cent this year and 6.5 per cent next year, driven by a strong manufacturing sector and a rapid recovery in domestic demand. In which, manufacturing fundamentals remain strong and supported by structural tailwinds.

A key source of growth for Vietnam next year will be its manufacturing exports. Vietnam is a known assembly, packaging, and testing (APT) hub, tai bet88 next stage of tai bet88 chip-making process postfabrication. Intel's largest APT facility is in Vietnam, and Amkor Technology's .6 billion chip plant in Bac Ninh province is set to come on line in 2025.

Other large exporting sectors are machinery and electrical appliances, textiles, and agriculture. A boost should come from tai bet88 front-loading of export orders next year in anticipation of tariffs, which may be sufficient to offset soft electronics demand in tai bet88 near term.

According to Oxford Economics, growth in FDI inflows will continue to be maintained, although at a slower pace. It expects investment growth in 2025 to reach 7.2 per cent, higher than tai bet88 6.9 per cent forecast for this year.

tai bet88 report also noted that tai bet88 domestic sector in Vietnam, in private consumption and domestic businesses, is steadily recovering. While credit growth is not likely to return to pre-Covid levels in 2025.

In addition, tai bet88 tourism sector is expected to continue being an important driver of economic growth in 2025, although its contribution may decrease compared to 2024. tai bet88 report also highlights an important point about Vietnam's tourism industry: in 2023, tai bet88 tourism sector accounted for 6.6 per cent of Vietnam's GDP, helping tai bet88 country rank second in Asia, just behind Japan, in terms of benefiting from tai bet88 strong recovery of this sector.