Vietnam's economy: positive changes but concerns persist
Vietnam's economic picture is looking more positive with numerous bright spots, but many difficulties remain, especially market confidence, concerns about private investment, and social consumption, writes Dr. Vo Tri Thanh, director of the Institute for Brand and Competitiveness Strategy.
Opinion - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s 2024 GDP forecast to grow 5.8%: Maybank Securities
Vietnam’s economy is expected to expand 5.8% in 2024 from 5.05% last year, driven by exports and domestic consumption, projected Maybank Securities Limited (MSVN).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy grows 5.66% in Q1/2024, highest in 5 years
Vietnam has recorded GDP growth of 5.66% in the first quarter of 2024, the highest figure for the same period since 2020, the General Statistics Office reported on Friday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand’s economy faces long-term downturn
Long-term structural obstacles in the export and manufacturing sectors are having significant impacts on Thailand's economy while affecting its ability to compete globally, the Bank of Thailand (BoT) has reported.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s economy to grow 6.1% in Q1: Standard Chartered
Vietnam’s GDP is expected to expand 6.1% year-on-year in the first quarter of 2024, much higher than a 3.32% growth rate in Q1/2023 but lower than the 6.72% posted in Q4/2023, according to Standard Chartered Bank.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese economy making dynamic shift with robust growth: Hong Kong news site
Vietnam is going through a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, according to an article recently published by the Hong Kong-based news site asianinsiders.com.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank inaction on gold fever can have severe economic impacts: economist
The sharp increase in gold and USD prices presents serious market stabilization challenges for the State Bank of Vietnam (SBV), writes Dr. Nguyen Huu Huan, an economist at the Ho Chi Minh City University of Economics.
Opinion - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam should resolve ‘excessive money and lackluster capital’ paradox: expert
To achieve the 2024 growth target in a challenging, uncertain environment, Vietnam must resolve the paradox of "excessive money and lackluster capital" in the economy, said Tran Dinh Thien, former director of the Vietnam Institute of Economics.
A year in review and 2024 forecasts - 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 holds its own in challenging 2023 with more highs than lows
Vietnam showcased impressive resilience in the face of numerous challenges faced in 2023, recording several economic and diplomatic highs and some lows. The Investor looks back.
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
Vietnam GDP growth can reach 5-6.7% in 2024: finance institutions
Foreign organizations have expressed a positive outlook about Vietnam’s GDP growth next year on the basis that the country’s economic growth is likely to surpass 5% this year as forecast by Party General Secretary Nguyen Phu Trong.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank must ensure sufficient credit for economy: Vietnam PM
The State Bank of Vietnam (SBV) must ensure sufficient provision of credit for the economy and the safety of the credit institution system, while avoiding congestion in capital flows, said Prime Minister Pham Minh Chinh.
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
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
Rapid economic improvement unlikely in short term: minister
The Vietnamese economy is gradually regaining growth momentumm, but rapid improvement is unlikely in the short term, Minister of Planning and Investment Nguyen Chi Dung said at a Saturday cabinet meeting.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Thailand to push bilateral trade to $25 bln by 2025
Vietnam and Thailand are seeking to boost two-way trade to $25 billion by 2025 from $21.2 billion last year, according to trade leaders from the two Southeast Asian countries.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Israel set to launch direct flights in October
Vietnam and Israel are poised to open their first direct air service early this October in a follow-up to their free trade agreement (FTA) signed in July.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank requests more lending rate cuts
The State Bank of Vietnam (SBV) has asked banks in the country, both domestic and foreign, to further lower lending rates by expected 1.5-2 percentage points per annum to better support the country’s economic growth.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam SME resilience critically low: ministry
The reliance of Vietnamese small-and-medium-sized enterprises (SMEs) has tanked in the face of prolonged economic headwinds at home and overseas, Vietnam’s Ministry of Planning and Investment (MPI) said Saturday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam forms working group to boost ties with Singapore in green, digital economies
The Vietnamese government has established an interdisciplinary working group to carry out the Green-Digital Economic Partnership with Singapore.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy confronts 'headwinds' and 'whirlwinds': expert
The Vietnamese economy is facing two external ‘headwinds’ and two internal ‘whirlwinds’, said Vo Tri Thanh, director of the Institute for Brand and Competitiveness Strategy (BCSI).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Israel sign free trade pact after 7 years of negotiations
Vietnam and Israel inked their free trade agreement (FTA) in Jerusalem on Tuesday, expecting two-way trade to reach $3 billion in 2024 or 2025.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long An province seeks investors for 13 major projects
The Mekong Delta province of Long An is seeking investors for 13 projects of “great socioeconomic significance” including industrial parks, a biotech center, cattle farms and fruit processing.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Treasury Secretary Yellen backs Vietnam development
The U.S. Department of the Treasury (USDT) is supportive of Vietnam’s growth and economic transformation, which are good for both the Vietnamese and the American people, USDT Secretary Janet Yellen said Thursday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Making the most of Vietnam's Just Energy Transition Partnership
Vietnam’s efforts toward carbon neutrality and international institutions’ support for the transition offer various business opportunities, but challenges exist, writes Luong Phuong Mai from HSBC Vietnam's commercial real estate and wholesale banking division.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB lowers Vietnam growth forecast to 5.8%
The Asian Development Bank (ADB) on Wednesday revised its Vietnam growth forecast down to 5.8% for 2023 and 6.5% for 2024, from 6.5% and 6.8% in April, respectively.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese startups still a venture capital magnet
Vietnam’s tech startup scene has continued to attract venture capital (VC) investments, pushing the country further towards its aim of becoming a fully digital society by 2030.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy forecast to grow 7% in H2, after 3.7% in H1
The Vietnamese economy is expected to expand by 7% year-on-year in the last six months of this year, much stronger than the first half’s 3.72%, Standard Chartered Bank forecast.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economic rebound forecast for second half
Vietnam’s economy in the second half of this year is set to pick up again after slow growth in the first half, but its full-year growth would be slower than earlier predicted, HSBC and DBS Bank said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Now’s not the time to hike special consumption tax on liquor: workshop
Vietnam should delay any hike in the special consumption tax (SCT) levied on the liquor industry amidst persistent negative impacts of the Covid-19 pandemic, experts and industry insiders say.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
UOB cuts Vietnam 2023 growth forecast down to 5.2%
Singapore’s United Overseas Bank (UOB) has revised down its 2023 growth projection for Vietnam to 5.2% in view of the challenges ahead and the first half’s 3.72% expansion year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam growth pace accelerates in Q2
Vietnam’s economy expanded by 4.14% in the second quarter from a year ago, despite slowing global demand for imports, the General Statistics Office (GSO) said on Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Philippines, India to deliver fastest growth in Asia: S&P
S&P Global Ratings on Monday kept Vietnam’s 2023 economic growth forecast at 6%, making it the fastest-expanding economy in Asia-Pacific, citing the Southeast Asian country’s domestic resilience.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
- Editor’s Picks
-
No offshore wind projects in Vietnam until 2028: global council
-
Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
-
Techcombank plans 10% stake issue to foreign strategic investors
-
Vietnam needs to build more highways: logistics firm exec
-
Vietnam central bank pumps cash to save troubled lender SCB
- Most Read
Vietnamese dong to slide further 1% by year-end: Bank of America
Banking - Update 4 day ago
Japan’s Sojitz invests in Vietnam cashless payment firm Finviet
Companies - Update 4 day ago
- Editor’s Picks
-
No offshore wind projects in Vietnam until 2028: global council
-
Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
-
Techcombank plans 10% stake issue to foreign strategic investors
-
Vietnam needs to build more highways: logistics firm exec
-
Vietnam central bank pumps cash to save troubled lender SCB
