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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
Vietnam planning ministry opts for 6.5% growth scenario after Q1 acceleration
The Ministry of Planning and Investment, the principal economic advisory body of the government, has proposed going after the GDP growth target of 6.5%, the mandatory upper limit, this year after the first-quarter pace hit a five-year high.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
Vietnam continues to see strong FDI inflows in 2024: HSBC
The strong inflows of foreign direct investment will likely continue in 2024, buttressing Vietnam’s manufacturing sector, said James Cheo, chief investment officer for Southeast Asia and India, Global Private Banking and Wealth, at HSBC.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam has large fiscal stimulus space to boost growth: broker
Vietnam has plenty of fiscal stimulus room to further beef up its economic growth, which is expected at 6.3% this year, up from 5.05% in 2023, VNDirect Securities says in a recent report.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam GDP growth can reach 6% in 2024: ASEAN+3 macroeconomic research office
Vietnam’s GDP growth can reach 6% in 2024, according to the January edition of the ASEAN+3 Regional Economic Outlook.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy could grow 6% in 2024 as exports, manufacturing improve: UOB exec
Vietnam could reach GDP growth of 6% in 2024 and over 6% in 2025 as exports and manufacturing continue to improve, but these figures are still comparatively low given that the country's economic expansion was 7-8% before the pandemic, said Suan Teck Kin, executive director at UOB Global Economics & Market Research.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s economic growth could reach 6.13-6.48%: think tank
Vietnam’s economic growth can reach between 6.13% and 6.48% in 2024, higher than 5.05% achieved last year, according to two scenarios announced on Monday by the Central Institute for Economic Management (CIEM), a think tank under the Ministry of Planning and Investment.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
WB revises down Vietnam’s 2024 GDP growth forecast to 5.5%
Vietnam’s GDP growth could reach 5.5% in 2024 and 6% in 2024, the World Bank said in its January 2024 edition of the “Global Economic Prospects” report.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy can grow 6% in 2024, 6.5% in 2025: UN
Vietnam could reach GDP growth of 6% this year and 6.5% in 2025, according to the United Nations' (UN) World Economic Situation Prospects 2024 report.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy can grow 5.5% in 2024, exchange rate can reach VND24,050: Shinhan Bank
Vietnams’s economic growth can reach 5.5% in 2024, thanks to public spending and tourism recovery outweighing external challenges, Shinhan Bank S&T Center anticipated.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s GDP grows 5.05% to $430 bln in 2023
Vietnam’s GDP grew 5.05% year-on-year to $430 billion in 2023, the General Statistics Office (GSO) announced Friday.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Main challenge to Vietnam business environment is inconsistency: UNDP economist
On the occasion of New Year 2024, Jonathan Pincus, a senior international economist at the United Nations Development Program (UNDP) Vietnam, talks to The Investor about Vietnam's economic prospects for 2024 and ways to improve the country’s business environment.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB revises Vietnam 2023 growth downwards to 5.2%
The Asian Development Bank (ADB) has revised Vietnam’s 2023 GDP growth down to 5.2% from its September estimate of 5.8% but maintained its 6% forecast for next year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese currency VND may have bottomed: UOB
Like other Asian peers, it appears that the bulk of the recent Vietnamese dong (VND) selloff is over, researchers at Singapore-based United Overseas Bank (UOB) said in a note.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM demands pro-growth efforts over economic underperformance concerns
Prime Minister Pham Minh Chinh has ordered government agencies to deploy growth-bolstering measures to lift the underperforming local economy amid weaker external demand.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fitch Ratings forecasts Vietnam economy to grow 6.3% in 2024
Vietnam’s economy is predicted to grow 6.3% in 2024 and 7% in 2025 thanks to support from domestic fiscal and monetary policies, following a slowdown in 2023, Fitch Ratings has said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM vows to cut bureaucracy as GDP growth falls short of target
The Vietnamese government plans to streamline outdated regulations and cumbersome administrative procedures to support businesses and boost economic growth, Prime Minister Pham Minh Chinh said, as the country faces the reality of not hitting its growth target for this year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM requests eased loan access amid lukewarm credit growth
Prime Minister Pham Minh Chinh has ordered the State Bank of Vietnam (SBV) to create more favorable conditions for loan approval as year-to-date credit growth has yet to meet half of the full-year target.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam GDP growth to miss target at just 5% : Deputy PM
Vietnam’s GDP growth this year may reach just 5%, far below the 6.5% target set by the National Assembly, said Deputy Prime Minister Le Minh Khai.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Global economic growth to slow to 3% in 2023, 2.9% in 2024: IMF
Global growth is forecast to slow from 3.5% in 2022 to 3% in 2023 and 2.9% in 2024, the International Monetary Fund (IMF) wrote in its October edition of the World Economic Outlook.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
HSBC backtracks call of further rate cut by Vietnam central bank
HSBC has removed its earlier call of another 50 basis-point rate cut by the State Bank of Vietnam (SBV), the country’s central bank, in the rest of this year as the conditions that previously warranted the move have dissipated.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s economic growth can reach 5% in 2023, 6.3% in 2024: HSBC
Vietnam can reach economic growth of 5% in 2023 and 6.3% in 2024, said Frederic Neumann, HSBC's chief Asia economist and co-head of Global Research Asia, at a Monday event held by the bank.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam GDP growth poised to top 5% this year: Party chief
Vietnam’s economic growth may surpass 5% this year, below the mandated 6.5%, as the country has seen a drop in exports amid global weaker demand, Party General Secretary Nguyen Phu Trong said Sunday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam set to resume rapid economic growth in medium term: S&P Global
Despite near-term headwinds to national economic growth, Vietnam’s export-driven economy is expected to resume rapid growth over the medium term, as shipments to major markets rebound, said Rajiv Biswas, Asia Pacific chief economist at S&P Global Market Intelligence.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam gov’t mulls VAT cut extension to support economic growth
The Vietnamese government is seeking to extend a two-percentage-point cut to value added tax (VAT) by another six months to the end of June 2024 in a move to stimulate domestic demand and support economic growth.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
WB revises down Vietnam’s GDP growth forecast to 4.7% in 2023, 5.5% in 2024
The World Bank has revised down its Vietnam GDP growth forecast to 4.7% in 2023 and 5.5% in 2024, according to the bank’s October edition of its East Asia and The Pacific Economic Update.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy continues recovery with 5.33% growth in Q3
Vietnam’s economy continued its recovery with GDP growth of 5.33% year-on-year in Q3/2023, accelerating from 3.28% posted in Q1 and 4.05% in Q2.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
IMF retains Vietnam’s 2023 GDP growth forecast at 4.7%
The IMF has kept its 2023 GDP growth forecast for Vietnam unchanged from its April projection at 4.7%, below the government’s 6.5% target, though the country's liquidity, foreign exchange and inflationary pressures have eased.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank effectively manages interest rates: ADB
The State Bank of Vietnam (SBV) has been effectively managing interest rates after cutting them four times this year, going against the global trend of rate hikes, according to the Asian Development Bank (ADB).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economic expansion to hit 5.1% in Q3: Standard Chartered
Vietnam’s GDP growth is likely to pick up to 5.1% year-on-year in Q3 this year, from 4.1% in Q2, according to Standard Chartered Bank.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB revises down Vietnam’s GDP growth forecast to 5.8% in 2023, 6% in 2024
The Asian Development Bank (ADB) has revised down Vietnam’s economic growth forecast to 5.8% in 2023 and 6% in 2024 in its September edition of the Asian Development Outlook (ADO).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam faces more serious economic headwinds than expected: parliament chair
Several of the multiple challenges facing the Vietnamese economy are more serious than previously thought, National Assembly Chairman Vuong Dinh Hue said Tuesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam a silver lining in gloomy world economic picture: legislator
Vietnam has emerged as a bright spot in the "grey" world economic picture this year, said Vu Hong Thanh, Chairman of the National Assembly's Economic Committee.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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