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HANOI (Reuters) – HSBC Bank on Friday raised its forecast for Vietnam’s gross domestic product growth for this year to 6.5% from its previous forecast of 6.0%, after second-quarter growth beats consensus.
“Beyond headline numbers, its recovery has started to show signs of broadening out,” HSBC said in a note.
It said, however, inflation appears to be an imminent concern with higher pork prices, resulting from an African swine fever outbreak, keeping inflation elevated on a year-on-year basis in June.
