The growth outlook for 2022 has been upgraded to 5.4% from 5.3%. The ADB forecast that Vietnam’s growth revised down to 5.8% from the previous figure of 6.7% put forward in April.

According to the ADB’s assessment, with the global recovery spurring exports, Vietnamese GDP growth surged to 5.6% during the first half of this year from 1.8% in the same period from last year, despite disruption caused by a new wave of COVID-19 which broke out in late April.