Update news Fitch Solutions
A GDP growth of 5.8% in 2021, nearly double the 2.9% growth last year, would boost credit demand.
Vietnam’s real GDP would grow by 2.6 percent in 2020 and hit an 8.2 percent rebound next year, Fitch Solutions has forecast.
Fitch Solutions have revised up its 2020 real GDP growth forecast for Viet Nam slightly to 3.0 per cent, from 2.8 per cent previously.
Vietnam’s four State-owned mobile operators – Viettel, VNPT-Vinaphone, GMobile and MobiFone – have just agreed to share some 1,200 base transceiver stations (BTS),
Fitch Solutions’ deficit forecast is wider than the Ministry of Finance’s 5.0-5.1% deficit estimate.
The Vietnamese government intends to meet 80% of its domestic pharmaceutical demand through local drug manufacturers.
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.
Vietnam’s 5G network is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption.
Vietnam holds a number of advantages against other countries at a time when investors are looking to exit China, according to experts.
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 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.