IMF pegs Vietnam 2023 growth at 4.7% with H2 recovery

IMF pegs Vietnam 2023 growth at 4.7% with H2 recovery

The International Monetary Fund (IMF) estimates Vietnam’s 2023 growth at 4.7%, aided by a second-half recovery led by a rebound in exports and expansionary domestic policies.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Family businesses need to build trust with key stakeholders: PwC

Family businesses need to build trust with key stakeholders: PwC

Family businesses in Vietnam need to make changes to build trust and make their efforts visible to their stakeholders, PwC Vietnam said in a survey released on Wednesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Multi-sector firm REE targets profit of $114 mln in 2023

Multi-sector firm REE targets profit of $114 mln in 2023

Vietnam's leading multi-sector corporation REE is targeting revenue of VND10.96 trillion ($464.79 million) in 2023, and after-tax profit of VND2.7 trillion ($114.48 million), up 17% and 0.3% year-on-year, respectively.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's GDP forecast to reach 6.3% in 2023: World Bank

Vietnam's GDP forecast to reach 6.3% in 2023: World Bank

Vietnam’s economic expansion might ease to 6.3% in 2023 from a robust 8% last year, reflecting domestic and external headwinds, the World Bank said in Hanoi on Monday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel giant Hoa Phat targets $336 mln in 2023 profit

Steel giant Hoa Phat targets $336 mln in 2023 profit

Hoa Phat Group, the largest Vietnamese steelmaker, targets to reach revenue of VND150 trillion ($6.29 billion) in 2023, and after-tax profit of VND8 trillion ($336 million), up 6% but down 5% year-on-year, respectively.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Business leaders confident of Vietnam's 2023 prospects but need to keep watchful eye: PwC

Business leaders confident of Vietnam's 2023 prospects but need to keep watchful eye: PwC

CEOs in Asia Pacific remain bullish about Vietnam’s economic growth in 2023, projected up to 7.2%, according to PwC, despite the global downturn.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

2023 a decisive year for real estate businesses: expert

2023 a decisive year for real estate businesses: expert

This year will be a decisive year for realty businesses, hence synchronous solutions regarding legal institutions, administrative procedures and the capital market are critical, said Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam economy back on long-term growth trajectory

Vietnam economy back on long-term growth trajectory

VinaCapital’s chief economist Michael Kokalari explains why Vietnam’s economy is expected to expand 6% this year, lower than the 8.02% recorded last year.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Flexibility, acumen key drivers of fertilizer industry

Flexibility, acumen key drivers of fertilizer industry

Difficulties face all fertilizer industry players this year, and the winner will be the one who knows how to deal with adverse impacts, says Cao Trung Kien, vice president of the Petrovietnam Fertilizer & Chemicals Corporation (PVFCCo).

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Property developers announce plans for year, market still seen challenging

Property developers announce plans for year, market still seen challenging

Major property developers in southern Vietnam have announced diverse business plans for this year, including new developments in provinces near Ho Chi Minh City and middle-end housing products.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

International organizations upbeat over Vietnam’s 2023 growth

International organizations upbeat over Vietnam’s 2023 growth

Vietnam’s economy would continue outperforming its Southeast Asian peers this year amid headwinds worldwide, according to international organizations.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam growth likely to reach 6.83% this year: economic institute

Vietnam growth likely to reach 6.83% this year: economic institute

The Vietnamese economy is expected to expand by 6.83% at the most in 2023, a little higher than the National Assembly target of 6.5%, the Central Institute for Economic Management (CIEM) forecast Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam fastest growing regional economy this year: World Bank

Vietnam fastest growing regional economy this year: World Bank

The World Bank expects Vietnam to be the fastest-expanding economy in Asean this year at 6.3%, a little lower than the country's 6.5% target.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam to restructure stock, bond, realty markets

Vietnam to restructure stock, bond, realty markets

The Vietnamese government is prioritizing restructuring the monetary, securities, corporate bond, and real estate markets this year to protect the legitimate interests of businesses and investors.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Challenges still loom for Vietnam's monetary policy: central bank official

Challenges still loom for Vietnam's monetary policy: central bank official

Regulators in Vietnam will continue to face global economic headwinds in 2023, including challenges in running monetary policy, said a director of the State Bank of Vietnam.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's 2023 economic expansion likely 5.8%: HSBC

Vietnam's 2023 economic expansion likely 5.8%: HSBC

Vietnam’s GDP growth would moderate to 5.8% in 2023 from 8.02% last year, given the external weakness and waning re-opening effects, HSBC said Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

M&A 2022 landscape, outlook for 2023

M&A 2022 landscape, outlook for 2023

KPMG Vietnam partner Nguyen Cong Ai provides an insight into Vietnam’s merger and acquisition (M&A) market in 2022 and outlook for 2023.

KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7

Low valuation a growth driver for Vietnam stock market in 2023

Low valuation a growth driver for Vietnam stock market in 2023

Low valuations and public investment will be among growth drivers for the Vietnamese stock market in 2023, said Ho Tuan Hieu, who represents Stockline, an independent consultancy in stock investments.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Corporate executives bullish over Vietnam economic prospects

Corporate executives bullish over Vietnam economic prospects

Vietnam's economic outlook in 2023 is promising, and technology, energy, goods processing, pharmaceuticals and manufacturing are among key sectors that will greatly attract FDI, say some corporate leaders when talking to The Investor.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Public investment disbursement pressure huge: finance minister

Public investment disbursement pressure huge: finance minister

The pressure on public investment disbursement in 2023 will be huge as a record state budget of over VND726,684 billion ($30.77 billion) has been allocated by the National Assembly, the country's legislative body, says Finance Minister Ho Duc Phoc.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank seeks to keep 2023 inflation at 4.5%

Vietnam central bank seeks to keep 2023 inflation at 4.5%

The State Bank of Vietnam will manage monetary policy in a flexible way to keep inflation at 4.5% next year as the National Assembly has targeted, the central bank's Deputy Governor Dao Minh Tu said Tuesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

China’s re-opening will only modestly boost Vietnam’s 2023 GDP growth

China’s re-opening will only modestly boost Vietnam’s 2023 GDP growth

VinaCapital’s chief economist Michael Kokalari explains why the Vietnamese economy would not see a major impact from China’s 2023 re-opening.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC office market set to become tenant-favorable in 2023

HCMC office market set to become tenant-favorable in 2023

Ho Chi Minh City’s office market is likely to witness a transition from a landlord-favorable to a tenant-favorable sector in the new year, according to data released Friday by Knight Frank Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors strongly expand in Vietnam retail sector

Investors strongly expand in Vietnam retail sector

Vietnam’s retail industry has witnessed aggressive expansions from investors, developers, and retailers in a market of almost 100,000 million people.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major pharma firm DHG targets $47 mln in 2023 profit

Major pharma firm DHG targets $47 mln in 2023 profit

Hau Giang Pharmaceutical Joint Stock Company (DHG Pharma) targets VND1.13 trillion ($47.33 million) in pre-tax profit next year, a year-on-year increase of 32.5%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Eximbank forecasts $146 mln profit in 2022

Eximbank forecasts $146 mln profit in 2022

Eximbank, with Japan's SMBC as major shareholder, has forecast pre-tax profits of VND3.5 trillion ($146 million) for 2022, and a pre-tax profit target of VND5 trillion ($208 million) for 2023, up 42.9% year-on-year.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam legislators set 2023 GDP growth target at 6.5%

Vietnam legislators set 2023 GDP growth target at 6.5%

The National Assembly has set Vietnam's economic growth target for 2023 at 6.5%, inflation at 4.5%, and GDP per capita at about $4,400.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7