Standard Chartered holds seminar on economic overview and action strategy

To maintain growth and competitiveness, Vietnam needs to develop infrastructure and reduce carbon emissions, according to Tim Leelahaphan, Economist for Vietnam and Thailand, Standard Chartered Bank.

Standard Chartered Bank recently coordinated with the European Chamber of Commerce in Vietnam (EuroCham) and the British Chamber of Commerce in Vietnam (BritCham) to organize a seminar on Vietnam's economic overview in Hanoi .

Meanwhile, in Ho Chi Minh City, the bank also held a sharing session on the global research report on the above topic. Both events attracted many important Standard Chartered clients and business leaders, bringing useful sharing from the bank's economic experts to provide perspectives on orienting Vietnam's dynamic economy and grasping and exploiting its potential.

At the event, Standard Chartered Bank's economic experts, Mr. Edward Lee - Chief Economist for ASEAN and South Asia and Mr. Tim Leelahaphan - Economist for Vietnam and Thailand, shared the global, regional and Vietnamese economic picture, providing in-depth analysis of growth indicators, inflation, potential risks... The presentations also contributed to lively discussions and equipped attendees with action strategies to achieve success.

In his presentation on the global economic picture, Mr. Edward Lee, Chief Economist for ASEAN and South Asia, Standard Chartered, said that the global economic growth forecast continues to face challenges. Inflation has moderated but remains higher than the pre-Covid pandemic average. Tight global monetary policy continues to weigh on growth. Global trade is forecast to bottom out but is not expected to see a strong recovery this year.

In his presentation on Vietnam’s economic overview, Mr. Tim Leelahaphan forecast Vietnam’s GDP growth to reach 6.7% in 2024 (6.2% in the first half of the year and 6.9% in the second half). Mr. Tim shared that imports and exports are starting to recover, although e-commerce has yet to show clear signs of recovery. To maintain growth and competitiveness, Vietnam needs to develop infrastructure and reduce carbon emissions.

Ms. Michele Wee, CEO of Standard Chartered Vietnam, shared: “Vietnam has a medium-term outlook with great potential for growth and FDI attraction. As a leading foreign bank in Vietnam for the past 120 years, we are proud to empower businesses through shared knowledge and are committed to continuing to support our clients and partners on the exciting journey ahead. This is one of our continuous efforts to support Vietnam’s sustainable development and promote a prosperous business environment here.”

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