ADB FORECASTS VIETNAM GROWTH ABOVE 7% THROUGH 2027

Workers assemble vehicle components on a production line at a manufacturing plant in Vietnam - PHOTO: ARCHIVES

HCMC – Growth is projected at 7.2% in 2026 and 7% in 2027, remaining above 7% despite global risks, the Asian Development Bank reported.

The forecast, published in the April 2026 Asian Development Outlook on April 10, is lower than the estimated 8% expansion in 2025 but reflects resilience to external shocks.

ADB attributed the outlook to steady exports, especially ahead of potential U.S. tariff adjustments, along with stable domestic policies and continued investment.

Risks remain from changes in U.S. trade policy, geopolitical tensions, and broader global uncertainty.

Shantanu Chakraborty, ADB country director for Vietnam, said flexible government policies have helped contain inflation and support short-term growth, including during energy supply disruptions linked to conflict in the Middle East.

For the longer term, ADB recommended improving energy efficiency, diversifying supply sources, and accelerating the shift to clean energy.

The report warned that tensions in the Middle East could disrupt oil and gas flows through the Strait of Hormuz, raising transport costs and pressuring global supply chains. Combined with the Russia-Ukraine conflict, these factors could drive commodity price volatility and affect global trade.

ADB also highlighted the need to develop the corporate bond market to diversify medium- and long-term funding. It pointed to greater transparency, a stronger legal framework, and broader investor participation as key to supporting sustainable growth.

Source: The Saigon Times

Related News

BANKING / FINANCE / INSURANCE / TAX

BANKS LAUNCH CROSS-BORDER QR PAYMENTS TO TAP GROWING DIGITAL ECONOMY

Banks are rolling out cross-border QR payment services enabling consumers to make international transactions directly through domestic banking apps to tap into the country’s fast-growing digital economy. The expansion of QR-based payments is gradually reshaping spending habits, reducing reliance on cash and international cards while offering faster and more transparent transactions at points of sale.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S SMALL BUSINESSES TOP ASIA‑PACIFIC GROWTH RANKINGS

Vietnamese small businesses posted the strongest performance among 11 Asia Pacific markets in 2025, with 84% reporting growth, up from 82% a year earlier, according to CPA Australia’s small business survey. This momentum is forecast to continue in 2026 with 89% of small businesses expecting to grow on the back of a strong focus on technology, e-commerce, and improved business management.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S IMPORTS FROM CHINA TOP US$50 BILLION IN Q1

Vietnam’s imports from China in the first quarter of 2026 surged a staggering 31.6% year-on-year to more than US$50 billion, accounting for around 40% of the country’s total imports, customs data showed. The increase was driven largely by technology goods and industrial equipment. Imports of computers, electronics and components jumped 62.2% to US$16.77 billion, while machinery, equipment, tools and spare parts rose 25% to US$9.72 billion.

Apr 23, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM TARGETS OVER 30 AIRPORTS, 25 RAILWAY LINES BY 2050

Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

FIRST-QUARTER GROWTH HITS RECORD HIGH DESPITE GLOBAL VOLATILITY

According to Dragon Capital, Vietnam’s growth momentum strengthened in March following Lunar New Year normalisation, reinforcing confidence that the expansion remained firmly intact through the first quarter of 2026. GDP grew 7.8 per cent on-year in the first quarter, with industry and construction rising 8.9 per cent and services 8.2 per cent, highlighting that growth is not solely reliant on exports and manufacturing, but is increasingly supported by services and domestic demand.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS SURGE ON GLOBAL DEMAND

Việt Nam’s fruit and vegetable exports have made a strong start to the year, with rising shipments and tighter compliance with international standards helping producers tap robust global demand, according to the Vietnam Fruit and Vegetables Association. The association reported export earnings of nearly US$532 million in April, bringing total export value to $2.06 billion in the first four months of the year, up 22 per cent year-on-year.

Apr 23, 2026