Mr. Suan Teck Kin, executive director of global economics and market research at UOB (Photo: vietstock.vn)

Speaking at the launch of the report in Ho Chi Minh City on Tuesday, Mr. Suan Teck Kin, Executive Director of global economics and market research at UOB, emphasized that Vietnam's economic growth surpassed expectations. The growth drivers include the recovery in electronics industry demand, stable growth in China and the region, and the potential for the easing of monetary policy by major central banks.

UOB noted that Vietnam's real GDP increased 6.93% in the second quarter, following a 5.87% increase in the first quarter. This led to a 6.42% growth in the first half of the year, significantly higher than the 3.84% growth in the same period last year.

UOB experts said that foreign investors generally view Vietnam's prospects positively for the coming years. Registered foreign direct investment (FDI) rose over 13%, reaching 15.2 billion USD in the first six months of the year, with realized (or disbursed) FDI capital inflows into Vietnam amounting to 10.8 billion USD.

The UOB 2024 Business Outlook Study also revealed that most businesses in Vietnam remain optimistic about the current business environment. Nearly 90% of Vietnamese businesses expressed interest in expanding their operations abroad, with ASEAN being the top market for the next three years.