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 inflation down 0.23% in March as food prices ease
Vietnam's consumer price index (CPI), an indicator of inflation, fell 0.23% month-on-month in March as prices of goods, especially food items, decreased after the Tet (Lunar New Year) holiday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam sees February inflation up 3.98%, retail sales up 8.5% on Tet season
Vietnam's consumer price index (CPI), an indicator of inflation, increased 3.98% year-on-year in February, while retail and services revenues rose 8.5%, the General Statistics Office (GSO) reported.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam sees Jan inflation rise 0.31%, retail sales up 1.6%
Vietnam's consumer price index, an indicator of inflation, increased 0.31% in January from December 2023, while the country's retail and service sector revenues rose 1.6%.
Economy - 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 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 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 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 seafood exports down 18% year-on-year to $9 bln
Vietnam's seafood exports reached $750 million in December 2023, pushing the annual total to $8.98 billion, according to the Ministry of Industry and Trade's latest estimates.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Growth of Vietnam’s retail sales, services revenue slows to 9.6% in 2023
Retail sales and services revenue in Vietnam totalled an estimated VND6,231.8 trillion (roughly $256 billion) this year, up 9.6% year-on-year, but lower than the 20% growth seen in 2022.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Jan-Nov retail sales up 9.6% despite inflation increase
Retail and service sector revenues increased 9.6% year-on-year to VND5,667 trillion ($233.72 billion) in January-November, despite the country’s consumer price index (CPI) going up 3.22%.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Power price hike to benefit energy firms, hurt heavy industries: brokerages
A recent increase in Vietnam’s retail electricity prices will have mixed effects on local firms, with energy generators likely to be the biggest gainers and energy-intensive producers the largest losers, securities analysts have said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Vietnam Jan-Oct retail sales up 9.4%, CPI up 3.2%
Total retail and service sector revenues in Vietnam increased 9.4% year-on-year to VND5,105 trillion ($207.86 billion) in January-October, while its consumer price index (CPI) went up 3.2%.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
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 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 can reach 4.7% in 2023, 6% in 2024: research unit AMRO
Vietnam’s GDP growth can reach 4.7% in 2023 and 6% in 2024, according to the October edition of the ASEAN+3 Regional Economic Outlook of the ASEAN+3 Macroeconomic Research Office (AMRO).
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
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 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
August CPI rises 0.88% from July on higher housing, fuel, rice prices
Vietnam’s consumer price index (CPI) in August rose 0.88% from July due to higher prices of fuel and rice as well as higher house rents in line with stronger demand, says the General Statistics Office (GSO).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam GDP growth to rebound next year after 2023 slowdown: WB
Vietnam’s GDP growth may slow down to 4.7% this year from 8% in 2022, but it’s likely to rebound to 5.5% in 2024 and 6% in 2025, the World Bank says.
Economy - 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
IMF pegs Vietnam 2023 growth at 4.7% with H2 recovery
The International Monetary Fund (IMF) estimates Vietnam’s 2023 growth at 4.7%, aided by a second-half recovery led by a rebound in exports and expansionary domestic policies.
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
Accelerated public investment can boost Vietnam’s economic growth: WB
Further public investment disbursement can support Vietnam’s aggregate demand and economic growth in the short run, the World Bank said in its May edition of Vietnam Macro Monitoring.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy not out of the woods yet: HSBC
Vietnam’s slowing economy has not seen the light at the end of the tunnel on the trade front as external weakness has dampened growth, amid acute exposure to the global trade cycle, according to a new HSBC report.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam needs to tackle inflation head-on: IMF
Vietnam's inflation is "still pretty high", and the central bank needs to address the problem head-on so that it does not have to tighten much faster later, said the International Monetary Fund (IMF).
Economy - 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 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
State Bank cuts policy rates by 50 basis points to fuel growth
The State Bank of Vietnam (SBV) will lower its policy interest rates by 0.5 percentage points from April 3, the second cut within one month, to support growth amid global economic headwinds.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s GDP growth slows to 3.32% in Q1 amid global headwinds
Vietnam posted economic growth of 3.32% in the first quarter of 2023 compared to a year earlier, the General Statistics Office reported on Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank on verge of further easing monetary policy: expert
The State Bank of Vietnam (SBV) may continue to ease monetary policy with inflation well under control, said Nguyen Xuan Thanh, a lecturer at the Fulbright School of Public Policy and Management.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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