vietnam economy

Update news vietnam economy

Delays still apparent despite progress

While the public investment spending rate in the first half of the year was much better than the same period last year, some transport infrastructure projects were still implemented too slowly compared to the set plan.

Pumping money into the economy: solutions

VietNamNet spoke with Pham Xuan Hoe, a respected economist, about money supply and the urgent solutions needed to ensure the liquidity of the economy.

ADB lowers growth forecast for Vietnam to 5.8% this year

The Asian Development Bank (ADB) has moved to revise its growth forecast for Vietnam, reducing the rate from 6.5% to 5.8% for this year, and from 6.8% to 6.2% ahead in 2024.

Cities to become hubs for int'l air transit in ASEAN by 2050: master plan

Vietnam is expected to have two regional hubs for international air transit by 2050 - Hanoi and HCM City, according to the national airport master plan announced by the Ministry of Transport last week.

61% of companies experience difficulty in hiring human capital

Sixty one per cent of companies in Vietnam have had difficulty hiring human resources this year, according to a mid-year talent trend report by Talentnet Corporation and Mercer.

Economy expected to bounce back in H2 thanks to $21 billion push

The national economy is expected to improve in the second half of the year thanks to a series of government support policies including a loosened monetary policy and expansionary fiscal policy.

Vietnam could benefit as investors look for low-cost production centres: Savills

Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia Pacific has said.

Ample room remains for Vietnam's economic recovery

Although the growth rate has slowed down amid global economic difficulties, Vietnam is outperforming than most countries in the world, and is regarded as an attractive destination for FDI in the manufacturing sector.

Obtaining a high growth rate is a must: MPI

Vietnam has vowed to gain a high GDP growth rate every year despite difficulties around the globe, as this has been the only way to narrow the development gap with other countries.

Nation sticks to its guns over economic growth goals

Steadily holding the economic growth target for 2023, the government has set a prime priority on boosting growth, with brand new solutions ordered to fuel enterprise performance.

Acceleration of export orders help create momentum for Vietnam’s trade landscape

Vietnam’s export-import landscape is beginning to regain momentum on the back of some foreign markets gradually recovering.

Three scenarios put forward for national economy in 2023

Vietnam’s gross domestic product (GDP) is expected to grow 5.34% this year under the first scenario set out by the Central Institute for Economic Management (CIEM).

Government urged to control imports, protect domestic production

Experts have expressed concern about the rapid increase in imports in recent years, saying that while Vietnam has opened its market widely, it has not applied any measure to control imports.

Agriculture sets records, tourism recovers, disbursement speeds up in H1/2023

Satisfactory results have been reported about Vietnam’s economy in the first half of the year. The GDP growth rate of 6.3-6.7 percent for 2023 appears within reach.

Bright spots in challenging market

Amidst the overall gloomy economic conditions faced by manufacturers in both local and international markets, a few businesses are showing positive signs of growth, managing to navigate through challenges to expand their operations.

Growth target beyond reach?

As external factors – like weaker consumption in the U.S. and EU markets and stagnant recovery in China – are unfavorable, Vietnam will have to make the most of the domestic market in the second half of the year to achieve the growth target of 6.5%.

Stable economic environment a must to fuel national growth in H2

The latest statistics unveiled by the General Statistics Office (GSO) show the Vietnamese economy expanded just 3.72% during the first half of the year.

Vietnam to resume rapid economic growth over medium term: foreign media

Vietnam is expected to resume rapid economic growth over the medium-term economic outlook, and this “rising star” will be one of the fastest growing emerging markets in Asia, some foreign newswires have said.

Vietnam outlines two growth scenarios for rest of 2023

The GDP growth rate in the second half of the year may reach 8 percent in one scenario and 8.9 percent in a more optimistic scenario, if Vietnam takes measures to increase production and improve the disbursement of public investment.

Vietnamese economy shows gradual signs of positivity amid difficulties

Despite encountering numerous difficulties this year, especially the impact of complications globally, the national economy is now showing positive signs moving towards the second half of the year.