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Image: The World Bank praised Vietnam as a "hero", with GDP growth on par with China

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.

Image: Vietnam’s Q4 economic growth may improve better than expected: HSBC

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%,

Image: Recovery unabated amid uncertainty

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

Image: Economic recovery program extension proposed

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,

Image: NA Economic Committee warns of sluggish growth

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

Image: Vietnam’s GDP growth in Q1 lower than expected

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

Image: Which sectors are bound for breakthroughs?

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

Image: CIEM: 2023 GDP growth may beat target

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

Image: Gov works on securities, housing market overhaul

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

Image: Standard Chartered forecasts Vietnam’s 2023 GDP growth at 7.2%

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

Image: Vietnam’s GDP growth at 11-year high in 2022

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

Image: HCMC’s 2023 economic growth forecast at over 7%

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