Vietnam’s gross domestic product (GDP) growth is expected to reach 6.25 percent in 2020 if the outbreak of coronavirus disease (COVID-19) is contained within the first quarter of this year, according to the Ministry of Planning and Investment.

Many new policies will take effect in 2020 which aim to warm up the housing market segment for those with real accommodation demand.

Bao Viet Securities (BVSC) predicted that the GDP would grow by 6.5 percent in Q1 2010, or 0.2-0.4 percent lower than the same period last year. The growth will recover in Q2.

The achievements in Vietnam’s foreign trade in 2019 are definitely clear. However, to gain better results, it needs an insightful look into these achievements.

By the end of 2025, Vietnam targets to have at least 80% of adults in the country to have bank accounts and the number of non-cash transactions to expand 20 – 25% annually.

Vietnam gained a high GDP growth rate of 7.02 percent in 2019. However, many problems still exist.

Vietnam has produced significant economic achievements that have simultaneously strengthened the country’s international status. 

Over the last 10 years, Vietnam’s private enterprises have not developed t their great potential.

Building a transparent legal framework; improving business climate; adopting flexible policies on imports, exports and foreign exchange rates; protecting environment will be needed to achieve economic growth target of 6.8%.

Countries involved in the Regional Comprehensive Economic Partnership (RCEP) have begun a legal review aimed at signing the trade pact this year in Vietnam, said Deputy PM and Foreign Minister Pham Binh Minh.

The experts attending the Vietnam Investment Professionals Forum (VIPF) all predicted that the picture of the Vietnamese stock market would be bright in 2020 with the VN Index likely to exceed 1,200 points.

Nguyen Tran Nam, chair of the Vietnam Real Estate Association, said the real estate market shows an increasingly important role in the national economy. However, the majority of real estate firms still have small scale and heavily rely on bank loans.

The Vietnam Institute for Economic and Policy Research and the Konrad Adenauer Stiftung today unveiled the Fourth Quarter Update and 2019 Review - Independent Assessment of Vietnam’s Macroeconomic Performance.

Vietnam suffers around 10.8 – 13.2 billion USD worth of economic losses associated with ambient air pollution each year, equivalent to 4.45 – 5.64 percent of the country’s GDP, heard a discussion in Hanoi on January 14.

As an array of new-generation Free Trade Agreements (FTA) start to take effect in early this year, Vietnam’s export commodities can enjoy competitive advantages as a result of the removal of tariff barriers.

Vietnam would look to maintain economic growth of 6.76 per cent this year.

The amount of overseas remittances, or ‘kieu hoi’ as called by Vietnamese, continues to increase, which shows that people see great business opportunities in the country.

Vietnam’s exports still heavily relied on foreign invested enterprises (FIEs), while foreign direct investment (FDI) did not have positive influences to the other economic sectors of the economy.

HSBC expected Vietnam’s economic outlook to remain positive and GDP to grow 6.6% in 2020.

Seventeen large investment projects in the agriculture sector with total investment capital of VND20 trillion became operational in 2019.