OECD revises up Vietnam's 2026 growth forecast to 6.2%, 5.8% in 2027

In its global economic outlook report, OECD affirmed that the country will remain one of Asia's top-performing economies despite external headwinds, supported by solid domestic demand, public investment and continuing foreign direct investment (FDI) inflows.

The country continues to show strong macroeconomic stability and resilient growth momentum despite expected moderation, it noted.

OECD cautioned that risks of external demand are projected to soften from next year, posing risks for exports. Private consumption remains firm, but may temporarily slow in 2027. Inflation is expected to edge up with higher domestic demand and administrative price adjustments.

Exports remain robust, expanding by 15.5 per cent year on year (YoY) in the first nine months this year. Shipments to the United States surged by 27.7 per cent YoY. FDI inflows continue to strengthen, supporting technology transfer and productivity improvements, said the OECD report.

To sustain long-term growth, OECD suggested Vietnam strengthen institutional reforms to improve productivity and the quality of growth.

ALCHEMPro News Desk (DS)