The World Bank praised Vietnam as a "hero", with GDP growth on par with China
Vietnam is one of the 'heroes' in the economic recovery process in East Asia and the Pacific region.
Vietnam’s Q4 economic growth may improve better than expected: HSBC
HCMC – Vietnam’s economy is projected to perform better than expected in the final quarter of the year if the State Bank of Vietnam (SBV) continues to provide monetary policy support, according to a recent report by HSBC Vietnam. The report has revised the economic growth forecast for Q4 by 0.1%,
Recovery unabated amid uncertainty
2023 looks to be a challenging year for the global economy, with global growth decelerating owing to monetary tightening and the Russia-Ukraine military conflict continuing to weigh on activity. Persistent inflation pressures, and now financial sector problems in the U.S. and Europe, are injecting
Economic recovery program extension proposed
HCMC – A National Assembly (NA) deputy has proposed extending the economic recovery and development program until 2024-2025. Le Quang Manh, new head of the NA Finance and Budget Committee, said public capital disbursements were slower than planned while the program would end after six months,
NA Economic Committee warns of sluggish growth
HCMC – The National Assembly (NA) Economic Committee has voiced concerns over the tough challenges which Vietnam’s economy will cope with in the months ahead. Vu Hong Thanh, head of the NA Economic Committee, said it is unlikely that the country will see any breakthrough in gross domestic product
Vietnam’s GDP growth in Q1 lower than expected
HCMC – Vietnam’s gross domestic product (GDP) in the first quarter of 2023 has grown by 3.32% year-on-year, the second lowest growth rate since 2011, according to the General Statistics Office. This GDP growth rate fell short of the Government’s expectations of 5.6%. It is slightly higher than in
Which sectors are bound for breakthroughs?
Analysts and investors still expect certain industry groups will outperform the general market in 2023, based on their own stories and the varying degrees of impact from the economic context and the outlook for this year. However, it has been forecast by quite a few organizations that difficulties
CIEM: 2023 GDP growth may beat target
HCMC – Experts at the Central Institute for Economic Management (CIEM) have forecast that Vietnam’s 2023 gross domestic product (GDP) growth may exceed the National Assembly-approved target of 6.5%. It was one of the two scenarios envisioned by CIEM and the German Agency for International
Gov works on securities, housing market overhaul
HCMC – The Government is working toward stabilizing macroeconomic conditions, curbing inflation and spurring growth this year, with a focus on restructuring the securities and real estate markets. The prime minister issued Decree 01 on economic development plans, budget revenue estimates and
Standard Chartered forecasts Vietnam’s 2023 GDP growth at 7.2%
HCMC – Standard Chartered Bank has forecast Vietnam’s gross domestic product (GDP) will expand 7.2% this year, following a solid recovery to 8% in 2022. The forecast is 0.7 percentage point higher than the target approved by the National Assembly. “We still have a conviction on Vietnam’s high
Vietnam’s GDP growth at 11-year high in 2022
HCMC – Vietnam’s gross domestic product (GDP) expanded by an astounding 8.02% in 2022, the highest growth rate since 2011, according to the General Statistics Office. In the fourth quarter of 2022, the country’s GDP edged up by 5.92% year-on-year, slightly above the figures in 2020 and 2021. All
HCMC’s 2023 economic growth forecast at over 7%
HCMC – The HCMC Institute for Development Studies (HIDS) has envisioned three scenarios for the city’s 2023 economic growth, with all projected at 7% or higher despite economic uncertainties likely to continue into next year. In the first scenario, in which China’s zero-Covid policy and real