DBS: Vietnam's Economy Projected to be the Fastest Growing in Asia Pacific in 2022

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Viva Budy Kusnandar 18/10/2021 17:20 WIB

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DBS projects Vietnam's economy to grow at the fastest pace of 8% in 2022.

Economic Growth Projections for Asia-Pacific Countries 2021-2022

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DBS: Vietnam's Economy Projected to be the Fastest Growing in Asia Pacific in 2022

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Economic Growth Projections for Asia-Pacific Countries 2021-2022

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In a report titled *Economics & Strategy Research Macro Insight Weekly: Property price trends in Asia*, The Development Bank of Singapore Limited (DBS) projects Vietnam's economy to grow by 8% in 2022. This is the highest projection compared to other Asia Pacific countries.

Besides Vietnam, the next highest projected economic growth is the Philippines at 6.5% in 2022, followed by India at 5.8%, China at 5.3%, and Malaysia at 5%.

DBS further projects Indonesia's economy to grow by 4.5% next year, Thailand at 3.5%, and Singapore at 3.2%. Additionally, Hong Kong's economy is predicted to grow by 3%, the United States by 3%, South Korea by 2.8%, Taiwan by 2.8%, and Japan by 2%.

For this year, DBS projects India's economy to grow the fastest at 9.5% compared to last year, followed by China with 8.1% economic growth this year.

Thailand's economy is predicted to record the lowest growth this year, at only 0.6%. Besides India, Vietnam's economy is projected to grow only 1.8% this year.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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DBS: Vietnam's Economy Projected to be the Fastest Growing in Asia Pacific in 2022

DBS: Vietnam's Economy Projected to be the Fastest Growing in Asia Pacific in 2022

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DBS: Vietnam's Economy Projected to be the Fastest Growing in Asia Pacific in 2022

DBS: Vietnam's Economy Projected to be the Fastest Growing in Asia Pacific in 2022

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Established Entrepreneurship Ratio in 38 Provinces of Indonesia Early 2025

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