MUFG revised Vietnam’s 2024 economic growth forecast downward to 5.8% from 6.1%, mainly due to the impact of Typhoon Yagi. However, a rebound to 6.8% growth is expected in 2025. The bank also anticipates the central bank might adopt a more dovish stance, potentially lowering interbank interest rates to 3.75% by the end of 2024 and increasing USD purchases to boost FX reserves.