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Vietnam contains one of the highest potential for wind power in the region, as it is endowed with high wind speeds particularly in the offshore or near-shore areas.
A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.
Vietnam’s crude oil and natural gas production face downside risks, in light of a double-whammy of global oil price collapse and sluggish demand due...
Fitch Solutions has recently revised down Vietnam’s economic growth in 2020 to 6.3 per cent from 6.8 per cent previously due to the Covid-19 outbreak.
Fitch Solutions on Tuesday revised down Viet Nam’s economic growth in 2020 to 6.3 per cent from 6.8 per cent previously due to the Covid-19 outbreak.
Coal remains the most practical option in the near-term to stimulate affordable electricity generation growth at the pace and scale needed by the country, said Fitch Solutions.
U.S. automaker Ford Motors’ latest announcement that it intends to expand its Vietnamese plant will provide only a modest boost to the country’s vehicle output over this year and next, according to Fitch Solutions.
Fitch Solutions predicted power consumption in Vietnam to grow by an annual average of 6.5% between 2020 and 2029, which still remains one of the fastest growth rates in Asia.
Fitch Solutions has revised down its 2020 real GDP growth forecast for Vietnam to 6.3 percent, from 6.8 percent previously, in light of the worsening global COVID-19 outbreak.
Vietnam’s 2019 credit growth came in at just 12.1%, underperforming the State Bank of Vietnam (SBV)’s 14.0% target for the year. This marked a second year of deceleration since credit growth peaked at 18.2% in 2017.
Viet Nam’s GDP growth would reach 6.8 per cent from the 7.02 per cent posted in 2019, mainly due to a slowdown in the industrial sector, analysts from Fitch Solutions forecast.
Fitch Solutions maintain 2019 fiscal deficit forecast at 6.6%, but are revising up our 2020 and 2021 fiscal deficit forecasts for Vietnam to 7.0% and 7.2%, respectively, from 6.6% previously.
Fitch Solutions has revised up its real GDP growth forecast for Vietnam to 6.9 per cent in 2019, from 6.5 per cent previously.
Vietnam’s apparel industry will be a key beneficiary from the ongoing US-China trade war and the subsequent diversification strategies of US retailers, a research entity of Fitch Group has forecast.
Slowing global demand will have adverse impacts on Vietnam’s manufacturing growth in the remaining months of the year, experts forecast.
Fitch Solutions maintains its forecast that Vietnam’s real GDP growth will come in at 6.5% in 2019, a fall from 7.1% in 2018, partly due to unfavourable base effects potentially occurring in the remainder of 2019 and slowing global demand.
Vietnam and Bangladesh are forecast to reap benefits from becoming alternative sourcing destinations as the fashion sector is reckoned the most exposed amid an escalating US - China trade war, according to Fitch Solutions analysts.