Vietnam economic recovery expected to speed up in H2: WB

Vietnam economic recovery expected to speed up in H2: WB

Vietnam’s economy has shown signs of uneven recovery in early 2024 and economic activities are expected to firm up in the second half of this year, the World Bank says in its latest bi-annual economic update.

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

Vietnam economy sees brighter growth prospects in 2024 amid uneven Q1 recovery: HSBC

Vietnam economy sees brighter growth prospects in 2024 amid uneven Q1 recovery: HSBC

Vietnam’s recovery story remains intact but uneven as domestic-oriented services lag behind external-facing sectors, HSBC researchers have said, highlighting better growth prospects for this year.

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

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

Prospects remain bright for Vietnam economy despite geopolitical conflicts: UOB

Prospects remain bright for Vietnam economy despite geopolitical conflicts: UOB

With performance in the first quarter coming within expectations and a positive start to 2024, prospects for Vietnam this year remain positive despite downside risks stemming from geopolitical tensions, Singapore-based UOB said in a note.

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

WB retains 2024 growth forecast for Vietnam at 5.5% despite Q1 surge

WB retains 2024 growth forecast for Vietnam at 5.5% despite Q1 surge

The World Bank has kept its growth projections for Vietnam’s GDP at 5.5% for 2024 and 6% for 2025, unchanged from its forecasts in October 2023, despite the country’s Q1 growth hitting a five-year high on a quarterly basis.

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

Vietnam’s economy to grow 6.1% in Q1: Standard Chartered

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

Vietnam likely to emerge strongly from mounting challenges in 2024: HSBC

Vietnam likely to emerge strongly from mounting challenges in 2024: HSBC

Despite headwinds, Vietnam ended 2023 relatively optimistic that 2024 is likely to be the year that Vietnam emerges strongly from mounting challenges, HSBC said in a recent note.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam 2024 GDP seen growing 6.7%: Standard Chartered

Vietnam 2024 GDP seen growing 6.7%: Standard Chartered

Vietnam’s GDP growth is forecast to accelerate to 6.7% in 2024, 6.2% in the first half and 6.9% in the second half, Standard Chartered Bank says in its newly-released global research report.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam upbeat about 2024 growth prospects: Deputy Minister

Vietnam upbeat about 2024 growth prospects: Deputy Minister

All three growth engines of Vietnam’s economy - investment, exports and consumption - hold brighter prospects in 2024 after a year of struggling due to weaker external demand, said Deputy Minister of Planning and Investment Tran Quoc Phuong.

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

Vietnam central bank expands credit growth quotas to stimulate lending

Vietnam central bank expands credit growth quotas to stimulate lending

The State Bank of Vietnam (SBV) is increasing credit growth quotas for banking institutions on a case-by-case basis in a move to stimulate lending.

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

Fitch Ratings forecasts Vietnam economy to grow 6.3% in 2024

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 targets 2024 economic growth of 6-6.5%

Vietnam targets 2024 economic growth of 6-6.5%

Vietnam’s National Assembly, the country’s supreme legislative body, has approved a resolution requiring the government to achieve GDP growth of 6-6.5% next year, higher than circa 5% seen for 2023.

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

Vietnam PM vows to cut bureaucracy as GDP growth falls short of target

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 on track to recover from global trade downturn: HSBC

Vietnam on track to recover from global trade downturn: HSBC

Vietnam’s exports continued to gain momentum, growing almost 6% year-on-year in October, suggesting that the country in on track to recover from the global trade downturn, HSBC said in its monthly report released Wednesday.

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

Standard Chartered trims Vietnam’s 2023 GDP growth forecast to 5%

Standard Chartered trims Vietnam’s 2023 GDP growth forecast to 5%

Standard Chartered Bank has lowered Vietnam’s 2023 GDP growth to 5% from the previous 5.4%, reflecting the weaker-than-expected data year to date and a gloomier global outlook, while revising up inflation.

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

Vietnam gov't to strive for 5% plus GDP growth, allocate $23 bln for salary reforms

Vietnam gov't to strive for 5% plus GDP growth, allocate $23 bln for salary reforms

The government will strive to keep economic growth at above 5% this year, missing its 2023 target of 6.5% due to adverse external impacts and prolonged internal weaknesses, said Prime Minister Pham Minh Chinh.

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

HSBC backtracks call of further rate cut by Vietnam central bank

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 GDP growth poised to top 5% this year: Party chief

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 weathers economic headwinds, but growth target a tough ask

Vietnam weathers economic headwinds, but growth target a tough ask

The Vietnamese government has been successful in dealing with economic headwinds, but achieving economic growth of 6% this year remains an uphill battle, a deputy minister said Thursday.

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

Vietnam bright spots lure more foreign investors: VinaCapital

Vietnam bright spots lure more foreign investors: VinaCapital

Vietnam's economy has many bright spots including solid GDP growth and well managed interest rates, factors that promote long-term growth and attract foreign investors, a VinaCapital executive says.

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

Vietnam’s 2023 GDP growth target out of reach: UOB

Vietnam’s 2023 GDP growth target out of reach: UOB

Vietnam’s official GDP growth target of 6.5% for this year is not achievable as economic recovery has fallen short of expectations, Singapore-based bank UOB said Monday.

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

Vietnam forecast to see slow growth, more rate cuts in Q3: UOB

Vietnam forecast to see slow growth, more rate cuts in Q3: UOB

Vietnam’s real GDP growth in the third quarter of this year is forecast to see little improvement, dragged down by continued weaknesses in the export and manufacturing sectors, while the central bank may consider further interest rate cuts, the Singapore-based UOB bank said in a report.

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

Vietnam economic expansion to hit 5.1% in Q3: Standard Chartered

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

Vietnam production sector slides into contraction: S&P Global

Vietnam production sector slides into contraction: S&P Global

Vietnam’s manufacturing industry took a step back in March after February’s recovery as output and new orders have fallen down, S&P Global said Monday.

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

Monetary policy in tandem with fiscal tools would assist Vietnam economy: expert

Monetary policy in tandem with fiscal tools would assist Vietnam economy: expert

Harmonizing monetary policy with fiscal policy in 2023 would help Vietnam’s government curb inflation and cope with forex risk pressures to ensure macroeconomic stability, says National Financial and Monetary Policy Advisory Council member Le Xuan Nghia.

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

Vietnam strives for 7% GDP expansion this year

Vietnam strives for 7% GDP expansion this year

Vietnam, one of the world’s fastest-growing economies, is eyeing economic growth of 7% this year, higher than the previously-set target of 6-6.5%.

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

Singapore bank UOB maintains Vietnam GDP growth forecast at 6.5%

Singapore bank UOB maintains Vietnam GDP growth forecast at 6.5%

Singapore's United Overseas Bank (UOB) has maintained its forecast on Vietnam’s GDP growth at 6.5% and core inflation at 3.7% in 2022.

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

Vietnam grows 5.03% in Q1, back on track

Vietnam grows 5.03% in Q1, back on track

Vietnam’s export-driven economy expanded 5.03% year-on-year in the first quarter, with signals indicating it is well on track to recovery.

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