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Update news vietnam economy
The Government is striving to register an economic growth rate of 7% for the whole year, higher than the National Assembly (NA)’s target of 6-6.5%.
Vietnam is entering its "Rising Era," where wealth and prosperity are central to the nation's development, as outlined by Party Chief and President To Lam.
Innovation has been considered an irreversible trend and an important factor that helps accelerate digital transformation, green transition and sustainable development in Vietnam in the new era, Prime Minister Pham Minh Chinh said on October 1.
The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV Consultation with Vietnam.
International organisations have maintained their robust growth forecasts for Vietnam this year as the economy has bounced back strongly despite external uncertainties and extensive damage caused by Typhoon Yagi.
HSBC has maintained its GDP growth forecast for Vietnam at 6.5% for both 2024 and 2025 in its “Asian Economics Quarterly – Comin’ for a landing” report.
Singapore-based United Overseas Bank (UOB) has downgraded Vietnam’s economic growth rate to 5.9% this year due to the impact of recent typhoon Yagi, according to the bank’s latest report on the economic situation in the third quarter of the year.
The heads of large corporations leading in their business fields met the members of the government standing committee on September 21 and suggested measures to turn Vietnam into a major industrial production base.
The Asian Development Bank (ADB) maintained its positive economic outlook for Vietnam, forecasting the country’s GDP growth at 6% in 2024 and 6.2% in the following year.
The meeting between the Government Standing Committee and private enterprises on September 21 is a special event during a special development period.
PM Pham Minh Chinh chaired a Government Conference with major private enterprises in Hanoi on September 21 to remove difficulties, promote their pioneering role, proactive engagement in large projects as a way of contributing to development.
The Ministry of Planning and Investment recently presented to the Government three economic growth trajectories for 2025, with the highest rate forecast at 7.5%.
It’s time for VN to raise measures to push back the influx of cheap imported goods, which is becoming a critical issue for domestic production, say experts
A sharp rise has been recorded in foreign trade over the past few months, and if this upward trend is sustained, this year’s foreign trade turnover is likely to break the record of 732 billion USD set in 2022.
Vietnam’s index of industrial production (IIP) saw a year-on-year increase of 8.8% over the past eight months, extending the recovery of the sector, the General Statistics Office (GSO) has reported.
After great efforts, Vietnam’s economy has regained a growth momentum, but a paradox still exists.
Over the past six months, the Vietnamese economy has recorded many important and encouraging achievements, showing the economy’s rebouncing to the pre-COVID-19 level, with many bright spots.
The report also highlighted that FDI achieved significant growth this quarter, further cementing Vietnam as a credible investment destination.
Vietnam’s ‘Tiger Cub’ economy offers opportunities to American investors: US think-tank
The high level of stability has helped Vietnam attract foreign investors, according to Chief Representative of the Russian Trade Office in the Southeast Asian nation Viacheslav Kharinov.