vietnam economy

Update news vietnam economy

Private sector contributes 45% of Vietnam's GDP

Vietnam has nearly 900,000 operating private enterprises with about 7 million entrepreneurs, contributing nearly 45 per cent of the country's GDP.

Creative economy to bring numerous opportunities for Vietnam: CIEM

Vietnam should promote the development of the creative economy in order to benefit from the numerous opportunities brought by it, the Central Institute for Economic Management (CIEM) suggested.

Vietnam’s economy maintains growth despite global uncertainties

The Asian Development Bank (ADB) has maintained its previous forecast about Vietnam’s economic growth in 2024, despite uncertain global conditions.

Vietnam transforming into new global manufacturing hub: experts

Vietnam is transforming into a new global manufacturing hub, offering a diverse range of products that are competitively priced and continuously improving in quality.

ADB maintains 6% growth forecast for Vietnam's economy

The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow at 6.0% and 6.2% in 2024 and 2025, respectively.

Vietnam’s economic picture begins to brighten

Positive signs for Vietnam’s economic growth can be seen in industrial production and export growth.

Vietnam's economic growth expected to pick up in 2024

Vietnam’s economy is expected to post 6 per cent growth in 2024, up from 5.1 per cent in 2023.

Vietnamese economic rise fuels European optimism: EuroCham

The European Chamber of Commerce in Vietnam’s (EuroCham) most recent Business Confidence Index, conducted by Decision Lab, has signaled optimism in the Vietnamese economy and increased confidence within the European business community.

Vietnam ranked 6th among fastest growing Asian economies in 2024

The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in 2024 in its article published on April 4.

Foreign investors' confidence in Vietnam consolidated

Vietnam’s rosy economic prospects have helped consolidate the confidence of foreign firms in the country, as reflected through their investment of 6.17 billion USD in the first quarter of this year, up 13.4% year-on-year.

Harvard University professors impressed with Vietnam’s development

Professors from Harvard University have lauded Vietnam for its success in developing its economy over the past decades.

Vietnam emerges as new Asian hub with rapid macro-economic growth

The edc.ca newswire of Export Development Canada (EDC) recently published an article of Vietnam, describing it as a new Asian hub boasting rapid macro-economic growth with plenty of opportunities.

Vietnam needs to improve R&D for economic growth

Vietnam must pay more attention to R&D (research and development) capability to sustain economic growth, experts say.

No surrender to difficulties but persistence in set targets: PM

Prime Minister Pham Minh Chinh on April 3 demanded ministries, sectors, and localities resolutely not surrender to difficulties but keep persistence in the set targets.

Vietnam updates growth scenarios on positive Q1 gains

The Ministry of Planning and Investment has unveiled two new scenarios for the Vietnamese economy this year thanks to positive signs recorded in the first quarter.

R&D: breakthrough reshuffle is needed

Vietnam needs major reform in three pillars – finance, institution and talent -- to quickly build R&D capability and to become a prosperous country.

Vietnam’s economy at turning point, 'breakthrough' expected

Economists believe that the most difficult period of Vietnam’s economy is over and now is the time to grasp opportunities to make a breakthrough.

Vietnam among top growth leaders globally in 2024: World Bank

The World Bank, in its East Asia and Pacific Economic Update released on April 1, 2024, forecast that the Vietnamese economy would grow by 5.5% this year, making it among top growth leaders in the world.

VN does not accept ‘growing first, tidying up later’ model: PM

Vietnamese Prime Minister Pham Minh Chinh stressed that Vietnam considers green growth, together with digital transformation, the two core factors of growth, and will not accept the ‘growing first, tidying up later’ model.

More feasible solutions warranted for growth

A new scheme to support enterprises amid ongoing difficulties has been tabled, amid the government finding ways to reach desired economic growth.