Vietnam's GDP grows 5.05%, among the high group, economic scale reaches 430 billion USD
On January 5, the Government held a meeting to summarize the work in 2023 and implement tasks for 2024 between the Government and local administrations. Speaking at the opening of the meeting, Prime Minister Pham Minh Chinh affirmed that in general, the socio-economic situation in 2023 continued
Pointing out the 'impossible task' of Vietnam's economy
In the past 9 months, Vietnam's economy grew by 4.24% over the same period. This is an improvement compared to 3.72% in the first half of 2023 but only half of the growth rate of 8.85% compared to the same period in 2022.
A Vietnamese bank suffered a series of withdrawals, but the economy grew at a record level
According to the Board of Executive Directors of the International Monetary Fund (IMF), a fairly large domestic bank had its deposits withdrawn en masse in October 2022 and was placed under the control of the State Bank of Vietnam.
Flicking through business situation
The Ministry of Planning and Investment’s 2022 white book on Vietnamese enterprises showed that there were 811,538 businesses in Vietnam as of December 31, 2020, but only 684,260 produced goods and generated revenue during the year. This translated into 16% of Vietnamese enterprises without an
Worn out
Vietnam’s gross domestic product (GDP) in January-March expanded by 3.32% over the same period of last year, slightly higher than 3.21% in the first quarter of 2020. The agro-forestry-fisheries and services sectors grew by 2.52% and 6.79%, contributing 8.85% and 95.91% to the economy’s gross value
HCMC seen as pivotal region
The importance of HCMC does not solely rest on the proportion of the city’s GRDP in the nation’s GDP, but also on the dispersion of the end demand and production of the city to other localities in the country. The Government has issued Resolution 38/NQ-CP proposing the formulation of a National
HCMC’s business confidence predicted to improve in Q2
HCMC – In contrast to bleak financial prospects in the January-March period, reflected in the city’s gross regional domestic product expansion of a mere 0.7%, the financial picture may become bright in the year’s second quarter. Citing data from the HCMC Statistics Office survey, Bui Ta Hoang Vu,
In search of internal strength
Vietnam’s economy still relies heavily on the agro-forestry-fishery sector, as the trade surplus of this group accounted for over 75% of the national figure in 2022. As a result, optimizing the sector’s utilization is critical, as it is the economy’s internal strength. Real achievements The
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
High hopes for 2021 as GDP goals defined
Despite the difficulties the pandemic and the global recession have imposed on Vietnam’s economic growth, the country’s government is determined to follow its plan of raising GDP growth well above the 6 per cent marker in 2021, thereby laying the foundation for even higher growth rates in the next
Vietnam eyes 6.5% of GDP growth in 2021
The Vietnamese government recently issued a resolution which includes a GDP growth target 6.5 percent with GDP per capita of about 3,700 USD this year.
Fitch Solutions revises up Vietnam GDP growth forecast to 8.6% in 2021
Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.