The export-led manufacturing sector continues to benefit from resilient external demand, while robust performance in domestic services is supporting overall economic momentum. Improved public investment disbursement and reforms focused on national priority transport projects are also expected to boost activity in the coming months, the Asian Development Bank (ADB) said in the report.
However, the bank cautioned that risks remain, including natural hazards, currency depreciation, moderate domestic consumption, and external uncertainties, underscoring the need for continued policy vigilance.
Inflation forecasts were unchanged at 3.9 per cent for 2025 and 3.8 per cent for 2026, remaining within the government’s target range. However, headline inflation year on year in October rose to 3.3 per cent from 2.9 per cent a year earlier.
ADB also raised Southeast Asia’s growth outlook to 4.5 per cent for 2025 and 4.4 per cent for 2026, reflecting strong Q3 performance across several major economies, including Vietnam.
ALCHEMPro News Desk (HU)
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