Vietnam likely to grow 5.5-6 % this year: think tank

Vietnam likely to grow 5.5-6 % this year: think tank

Vietnam’s economy is likely to expand 5.5-6.0% this year, 0.5 percentage points lower than the government’s target, researchers with the Hanoi-based Vietnam Institute for Economics and Policy Research (VEPR) estimate.

Economy - Sat, May 18, 2024 | 4:31 pm

Vietnam holds high growth potential for US agri exports: authorities

Vietnam holds high growth potential for US agri exports: authorities

Vietnam continues to hold high growth potential for American agricultural exports thanks to its projected population and economic growth, the Foreign Agricultural Service (FAS) under the U.S. Department of Agriculture has said.

Economy - Thu, May 16, 2024 | 12:51 pm

Vietnam central bank likely to maintain monetary easing policy: Shinhan Bank

Vietnam central bank likely to maintain monetary easing policy: Shinhan Bank

Vietnam’s central bank is likely to maintain a monetary easing policy in order to continue supporting economic growth, according to analysts with Shinhan Bank.

Banking - Wed, May 15, 2024 | 3:16 pm

Vietnam high tech sector appealing to FDI firms: analysts

Vietnam high tech sector appealing to FDI firms: analysts

High technology is continuing to attract foreign-invested enterprises in Vietnam this year, which in turn will give a boost to the country’s economic growth, analysts have said.

Industries - Wed, May 8, 2024 | 10:18 am

Improved business environment, infrastructure can help Vietnam’s growth reach 6.5%: IMF

Improved business environment, infrastructure can help Vietnam’s growth reach 6.5%: IMF

Improving the business environment and infrastructure can help Vietnam secure economic growth of 6.5% over the medium term, said Krishna Srinivasan, director of the International Monetary Fund's (IMF) Asia and Pacific Department.

Economy - Fri, April 19, 2024 | 9:32 pm

Singapore keeps monetary policy unchanged

Singapore keeps monetary policy unchanged

The Monetary Authority of Singapore (MAS) on Friday announced that it has decided to keep its monetary policy unchanged, in line with expectations, as inflation and economic growth in the city-state moderated.

Southeast Asia - Fri, April 12, 2024 | 11:21 pm

ADB retains Vietnam's GDP growth forecast at 6% for 2024

ADB retains Vietnam's GDP growth forecast at 6% for 2024

The Asian Development Bank (ADB) has retained Vietnam's economic growth forecast this year at 6%, the bank said in its April 2024 edition of the Asian Development Outlook (ADO).

Economy - Thu, April 11, 2024 | 9:15 am

Digital literacy skill enhancement for women entrepreneurs: RMIT experts

Digital literacy skill enhancement for women entrepreneurs: RMIT experts

If digitally trained, women who make up the majority of micro, small and medium enterprises (MSMEs) could hold the potential to accelerate national economic growth, write RMIT Vietnam experts.

Economy - Mon, April 8, 2024 | 7:11 am

Vietnam planning ministry opts for 6.5% growth scenario after Q1 acceleration

Vietnam planning ministry opts for 6.5% growth scenario after Q1 acceleration

The Ministry of Planning and Investment, the government's principal economic advisory body, has proposed targeting GDP growth of 6.5% this year, the mandatory upper limit, after the first-quarter pace hit a five-year high.

Economy - Wed, April 3, 2024 | 4:38 pm

High-speed train may add 1 ppt to Vietnam’s annual GDP growth: ministry

High-speed train may add 1 ppt to Vietnam’s annual GDP growth: ministry

A future trans-Vietnam high-speed railway is expected to contribute one percentage point to the country’s annual economic growth in the 2025-2037 period, a report has shown.

Economy - Wed, March 27, 2024 | 12:21 pm

Vietnam dong likely to strengthen toward year end: UOB

Vietnam dong likely to strengthen toward year end: UOB

The Vietnamese dong or VND is expected to strengthen slightly against the U.S. dollar in the latter half of this year, along with the country's economic recovery and the anticipated weakening of the greenback, according to Singapore-based bank UOB.

A year in review and 2024 forecasts - Mon, March 11, 2024 | 4:53 pm

No power shortage under ‘any circumstances,’ pledges state utility EVN

No power shortage under ‘any circumstances,’ pledges state utility EVN

Vietnam Electricity (EVN), which holds a power distribution monopoly, is committed to not letting power shortages happen under “any circumstances” in order to accommodate economic growth of 6-6.5% this year.

Energy - Mon, March 4, 2024 | 4:49 pm

Lend more, promote growth, Vietnam central bank tells commercial banks

Lend more, promote growth, Vietnam central bank tells commercial banks

The State Bank of Vietnam (SBV) has asked commercial banks to take measures to boost credit growth in the first months of 2024 and contribute to promoting economic growth.

Banking - Fri, February 9, 2024 | 3:40 pm

Non-market economy designation not a political decision: US Under Secretary of State Fernandez

Non-market economy designation not a political decision: US Under Secretary of State Fernandez

The recognition of Vietnam market economy status is a quasi-judicial proceeding and is not a political decision, said U.S. Under Secretary of State Jose W. Fernandez for economic growth, energy, and the environment.

Economy - Thu, February 1, 2024 | 11:23 am