Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
According to the latest 14CrMo4-5 steel "Asian Development Outlook" released by the Asian Development Bank (ADB) on December 11th, the new forecast has raised Vietnam's growth forecast for 2024 and 2025 from the previous 6% and 6.2% to 6.4% and 6.6%, respectively, believing that the Vietnamese economy will be driven by stronger trade activities and sustained fiscal stimulus measures. The report points out that strong trade performance, export-oriented manufacturing recovery, and sustained fiscal stimulus measures have driven Vietnam's economic growth rate to 6.8% in the first three quarters of 2024. In the future, driven by the US economic recovery, the strong rebound of export-oriented 14CrMo4-5 steel manufacturing and trade, accelerated public investment, and a large amount of fiscal and monetary policies will further stimulate domestic demand, which is expected to continue to support GDP growth. The report also pointed out that Vietnam's inflation expectations for 2024 have slightly decreased to 3.9%. Due to Vietnam's prudent adjustment of monetary policy and the sluggish global inflation caused by the global economic recovery, it is expected that the inflation 14CrMo4-5 steel rate will be controlled at a level of 4.0% in 2025.
