vietnam economy

Update news vietnam economy

WB projects Vietnam's economic growth to slow to 4.7% this year

Vietnam’s real economic growth is expected to slow to 4.7% this year before recovering to 5.5 % in 2024 and 6.0 % in 2025, according to Vietnam’s Macro and Poverty Outlook released by the World Bank on October 2.

Vietnam’s PMI falls slightly, new orders increase in September

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 49.7 in September, compared to 50.5 in August, despite the second successive monthly increase in new orders.

Vietnam maintains FTSE Russell watchlist status for potential market upgrade

FTSE Russell, a global provider of benchmarks, analytics, and data solutions, has retained Vietnam on its watchlist as a frontier market, with a review scheduled for March next year.

Vietnam to consolidate fiscal stance in line with 2030 strategy

The government should continue to support the expansion of domestic demand, which is gaining momentum for recovery, as a fiscal solution for spurring on economic growth, experts have suggested.

Up to 116,300 enterprises established in nine months: GSO

As many as 116,300 enterprises registered for establishment, up 3.1% year on year, with combined registered capital of 1,086.8 trillion VND, down 14.6% year on year, in the first nine months of 2023.

Vietnam posts trade surplus of 21.68 billion USD in nine months

Vietnam’s trade surplus in September was estimated at 2.29 billion USD, bring the figure in the first nine months of the year to 21.68 billion USD, the General Statistics Office (GSO) announced on September 29.

Vietnamese economy likely to lead ASEAN's growth this year

Reputable organizations in the world predict that Vietnam's GDP growth in 2023 may be at the top compared to other ASEAN member states.

Vietnam's GDP grows by 5.33% in Q3/2023

Vietnam’s gross domestic product (GDP) in the third quarter of the year was estimated to have grown by 5.33% on-year while the consumer price index (CPI) in September increased by 1.08% compared to the previous month.

Vietnamese economy remains resilient despite weak external environment: ADB

Despite the weak external environment, the Vietnamese economy remains resilient, and recovery is expected to pick up in the near term, said Asian Development Bank (ADB) Country Director for Vietnam Shantanu Chakraborty.

Vietnam enjoys rise up economic freedom rankings

Vietnam has climbed four spots to rank 106th among 165 countries and territories in the Economic Freedom of the World Index, as released by Canada’s Fraser Institute.

VN advised to build subway system for further growth: lecturer

A country that cannot build a metro in its large cities will not be able to go far, Dr Vu Minh Khuong, a lecturer at Lee Kuan Yew School of Public Policy, Singapore, has said.

Government applies fiscal, monetary policies to support national economy

Monetary and fiscal policies applied since the beginning of the year aimed to increase the money supply to foster growth of the national economy.

Vietnam may miss 2023 GDP growth target

Vietnam’s economic growth in 2023 is likely to peak at 6%, thus missing the 6.5% target, even if the nation manages to mobilize resources and meet up to 95% of the public investment disbursement goal for the year.

Ministry projects three economic growth scenarios for 2024

The Ministry of Planning and Investment has outlined three potential economic growth trajectories for 2024, with the peak GDP growth rate forecast at 6.5 per cent.

Most annual growth targets are on track: MPI

As many as 10 out of a total of 15 socio-economic development targets for 2023 are on track, according to a recent report released by the Ministry of Planning and Investment (MPI).

Vietnam is a rising star in Asia: professor

Before National Day September 2, we received a letter from Prof Carl Thayer introducing a book titled ‘Vietnam: the rising star in Asia’, to be published in the time to come. The professor is co-author.

VN aims to become major global production hub

VN aims to become a major global production hub to meet the demands of the international market with a diverse range of competitively-priced and high-quality products, said an official at an export forum which opened on Wednesday.

Vietnam expected to seize global trends, forges ahead in supply chain landscape

Vietnam stands at a crossroads within the dynamic currents of global trends, with the potential to become a strategic link in the world's global supply chain if it adeptly seizes trends and recognises substantial opportunities on a global scale.

Great opportunity for Vietnam to be a global production base

The shifting of production and diversification of supply chains underway in numerous countries has helped Vietnam to become a popular destination for foreign investors.

Over 30% of Vietnamese households feel impact of rising prices: survey

Over 30% of households in Vietnam are grappling with the consequences of soaring prices of goods and services, according to data released by the General Statistics Office (GSO).