VietNamNet Bridge - ADB (Asian Development Bank) has predicted a 6.8 percent GDP growth rate for Vietnam in 2018, a figure which is much higher than the average growth rate in the region. ADB has predicted a 6.8% GDP growth rate for Vietnam in 2018 The Vietnam economy depends heavily on the world economy which began entering a prosperous period after 10 years of difficulties. The FED’s plan to raise the prime interest rate four times in 2018 would slightly decrease by 0.0075 percentage points Vietnam’s GDP. Huong mentioned the possibility that the Vietnam stock market would be upgraded to an Emerging Market by the end of 2019 or early 2020. RELATED NEWS GDP grows sharply as economy relies on foreign-invested enterprises Vietnam cautious about economic growth for 2018 Mai Thanh … [Read more...] about How will the Vietnam economy be in 2018?
Vietnam economy growth
Vietnam's economy saw its strongest first-quarter growth in a decade, data showed on Thursday (Mar 29), driven by a surge in electronics manufacturing and exports. While agriculture and wholesale and retail trade have seen steady rises, manufacturing remains a the pillar of Vietnam's growth. (Photo: AFP/Hoang Dinh Nam) The reading comes as the communist country is poised to expand its overseas markets after signing an 11-nation Asia-Pacific trade deal this month that replaces the Trans-Pacific Partnership (TPP), scrapped by the US last year. Observers said a spike in exports was a promising sign that Vietnam's market has not been dented by US President Donald Trump's protectionist agenda. The 7.38 per cent GDP expansion in January-March was sharply up from the rate of just over five per cent seen in the same period last year, according to the Government Statistics Office, and well above the government's annual target of 6.7 per cent. The figures are the best since a 7.40 per … [Read more...] about Vietnam economy grows at best rate in a decade
The new growth rate is still lower than the target set by the government of 6.7 percent last year. Vietnam's economy is projected to grow 6.5 percent this year, the Asian Development Bank said in a new report released on Monday, adjusting its forecast of 6.3 percent made in September last year. The bank said growth could pick up to 6.7 percent next year. With strong growth in manufacturing and services likely to continue, a modest pickup in agriculture and mining output should also give a boost to the economy, the Manila-based lender said. Manufacturing will be lifted by more new foreign-invested factories on the back of record foreign direct investment (FDI) disbursements pledged last year, according to the ADB. Construction will continue to benefit from high FDI disbursements for new factories, housing and continued high investment in transport and energy. Growth in services, strong in 2016, is projected to remain strong in 2017 and 2018, with tourist arrivals rising thanks to … [Read more...] about ADB revises up Vietnam economic growth forecast for 2017
DEPOCEN pinpoints challenges for Vietnam economy Tu Hoang HANOI - Major challenges for Vietnam’s economy are related to how the Government can attract private investment in programs that back socio-economic growth and inflation control, according to the Development and Policies Research Center (DEPOCEN). DEPOCEN said in a February report on Vietnam’s macroeconomic issues that the private sector is of paramount importance to the country’s socio-economic growth given State budget constraints and the fact that Vietnam can no longer get official development assistance loans from international donors from July this year. The report said Vietnam is expected to attain economic growth of 6.3% in 2017 thanks to the Government’s endeavor to ensure macroeconomic stability and further improve the business environment. Inflation is projected at 4.3-4.5% this year. Earlier, the National Assembly approved this year’s economic growth of 6.7%, export expansion of 6-7%, … [Read more...] about DEPOCEN pinpoints challenges for Vietnam economy
Remarks on Vietnam Economy from Foreign Institutions: Government Creating Motivations for Business Community Development 2016 was the first year in office for the new Government of Vietnam. So far, the business community has sensed the Government’s clear direction and commitment to the development of the economy and business environment. The new government perfects the executive methodology from administrative order to a facilitating and serving government. This move has blown a new spirit and a strong impetus for the business community to develop business. Vietnam Business Forum excerpted reviews on reforms of the investment and business environment of Vietnam from some foreign organisations and business associations active in Vietnam. Mr Kenneth M Atkinson - Chairman of British Business Group Vietnam (BBGV) On behalf of the British Business Group Vietnam, I would like to congratulate the new Government on the strong pro-business stance that has been adopted and their … [Read more...] about Remarks on Vietnam Economy from Foreign Institutions: Government Creating Motivations for Business Community Development