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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

Vietnam economy likely to rebound in H2: Standard Chartered

Vietnam’s slowing economy is expected to recover in the second half of this year, Standard Chartered Bank said in its latest report.

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

Torrential rains help ease power shortages in northern Vietnam

Hydropower reservoirs in northern Vietnam have been topped up by recent heavy rain, with more forecast over the region this week, helping to relieve power shortages.

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

Vietnam’s central bank likely to further cut rates: UOB

While the SBV has shifted towards a more accommodative stance, it does not mean the start of a rate-cut cycle, at least not just yet. The central bank is likely to approach further rate cuts cautiously and deliberately. One area of focus for the SBV is clearly the domestic inflation trend.

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

Vietnam’s growth support policy helps counter global headwinds: ADB

The Vietnamese economy is expected to grow moderately at 6.5% this year despite global headwinds and further expand at 6.8% in 2024, the highest in Southeast Asia in both years, according to an Asian Development Bank (ADB) report released on Tuesday.

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

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

Vietnam, neighbors to gain stronger growth momentum this year: Thai bank

Cambodia, Laos, Myanmar, and Vietnam will gain stronger growth momentum in 2023, with a 6.2% rate for the Vietnamese economy, the highest among the four, Siam Commercial Bank’s Economic Intelligence Center forecasts.

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

Stock market likely to fluctuate within narrow range before lunar new year

The Vietnamese stock market in the January 16-19 trading week before the Lunar New Year holiday would see fluctuations within a narrow range, but investors might catch some short-term opportunities, according to experts.

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

Vietnam 2023 economy to grow 7.2%: Standard Chartered

Standard Chartered Bank put its Vietnam GDP growth prediction at 7.2% for 2023 and 6.7% for 2024, following 8.02% in 2022.

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

ADB revises Vietnam economic expansion forecast to 7.5%

The Asian Development Bank (ADB) on Wednesday raised its Vietnam GDP forecast for this year from 6.5% to 7.5% in September, while lowering its prediction for developing Asia and the Pacific amid a worsened global outlook.

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

Stock market shows positive signs, more short-term shakes forecast

Shares in Vietnam finished higher in the last three consecutive sessions to drag up the VN-Index, but experts warned of some shocks in the short term.

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

Vietnam GDP growth tops Southeast Asia: ADB

Vietnam's GDP growth is estimated at 6.5% for this year and 6.7% next year on strong economic fundamentals, key to fast recovery, Asian Development Bank (ADB) said Wednesday.

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

85% of businesses expect better situation in Q3: survey

Up to 85% of enterprises in the processing, manufacturing and construction sectors in Vietnam expected better or stable business situation in the third quarter of this year, according to a survey conducted by the General Statistics Office (GSO).

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

Vietnam economic expansion could reach 6.9%: economic institute

Vietnam’s GDP this year could grow 6.9% in the best scenario, with inflation contained at 3.7%, an export expansion of 16.3% year-on-year, and a trade surplus of $2.7 billion, according to CIEM, a leading Vietnamese economic research institute.

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

HSBC, IMF raise Vietnam growth forecast

HSBC has revised up Vietnam’s GDP prediction this year from 6.6% to 6.9%, while International Monetary Fund put its forecast at 6%.

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

Vietnam inflation could exceed 5% in 2023: analysts

Given the delay of the government’s economic and development recovery package, Vietnam's inflation may surpass 5% next year, a senior analyst said.

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

Vietnam inflation to top 4%: Standard Chartered

Standard Chartered Bank expected Vietnam’s inflation this year at 4.2%, higher than the central bank’s prediction of less than 4%.

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

Vietnam to grow at 6.2%: HSBC

HSBC has revised down Vietnam’s GDP forecast by 0.3% to 6.2% due to impacts of the global fuel shortage.

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

World Bank revises Vietnam GDP forecast down to 5.3%

The World Bank has lowered Vietnam’s GDP projection this year to 5.3%, down 0.2% against its forecast in January and much lower than other international institutions’ predictions.

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

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