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Update news vietnam's gdp
The nation’s gross domestic product (GDP) in 2022 is forecast to reach about US$413.81 billion, thereby ranking 37th in the world, according to the latest projection on the GDP scale for countries globally made by IMF.
The National Assembly passed a resolution on socio-economic development tasks for 2023 at its year-end session on November 10, with GDP projected to expand by 6.5%.
Based on a 13.7 percent surge in the third quarter, Standard Chartered Bank raised Viet Nam’s GDP growth forecast for 2022 to 7.5 percent higher than its August forecast of 6.7 percent and for 2023 to 7.2 percent from 7.0 percent.
The Government has projected the country’s gross domestic product (GDP) growth at 6.5% in 2023, saying it is achievable despite challenges ahead.
Given Vietnam’s strong economic recovery in the third quarter, the Singapore-based United Overseas Bank (UOB) has raised its forecast for the country’s GDP growth this year to 8.2%, from the previous prediction of 7%.
Vietnam’s gross domestic product (GDP) in ASEAN is expected to expand considerably over the next five years, with its rankings rising from sixth this year to third by 2027, according to the latest forecast made by the IMF.
Assessing that difficulties and advantages will be inextricably intertwined in 2023 but the difficulties will far overweigh the advantages.
Vietnam’s Gross Domestic Product (GDP) in the first quarter of this year was estimated to increase 5.03 percent year-on-year, higher than the 4.72 percent growth rate in the same period last year, according to the General Statistics Office.
Vietnam’s gross domestic product (GDP) this year is expected to grow by 2.91 percent compared to 2019, according to Director General of the General Statistics Office (GSO) Nguyen Thi Huong.
Vietnam's export growth this year has been impressive thanks to the signing and approving of many free trade agreements (FTAs), reflecting the success of the country's steady and flexible international integration process.
Amid global uncertainty, Vietnam continues to attract fresh FDI and remains an exception to a subdued private investment outlook of the Southeast Asian region in recent quarters.
With its success in fighting COVID-19, Vietnam has continued to be the best performer in Southeast Asia, laying a firm foundation for the country to attract more investment and spur on production.
One month after the easing of social distancing measures, many economic sectors have prospered, while some others have shortened their steps of decline.
Despite the declining trend overall, 49% Vietnam CEOs in particular, share a positive outlook for business growth in the year ahead.
Vietnam has made significant improvements in getting credit and paying taxes, resulting in increases of 5 and 6.1 points against last year’s results.
Vietnam's headline PMI from Markit’s survey and month-on-month IPI indicated slowing industrial activities in September, potentially causing negative impacts on GDP growth in the remaining months of the year.
ADB representatives at the report launch on Wednesday. The bank retained its growth forecasts for Viet Nam at 6.8 per cent in 2019 and 6.7 per cent in 2020.
HCM City is working on a logistics development strategy that would make the city a major logistics hub and reduce logistic costs to 16 per cent of Viet Nam's GDP in 2025.
Vietnam's private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inflation levels prevail, experts forecast.
Vietnam’s fiscal deficit, including principal repayments, would come in at 6.6 per cent of GDP in 2019 and 2020, up from 5.9 per cent in 2018, Fitch Solutions Macro Research forecast.