vietnam's GDP

Update news vietnam's GDP

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 GDP growth estimated at 2.91 pct this year

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.

2020 - year of opening the door to the world

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.

VN to remain ASEAN's strongest growth performer despite Covid-19 outbreak: HSBC

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.

Nation’s economic forecast leads way

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.

Signs of economic growth recovery

One month after the easing of social distancing measures, many economic sectors have prospered, while some others have shortened their steps of decline. 

Vietnam’s growth prospects remain positive despite pessimism for global economy

Despite the declining trend overall, 49% Vietnam CEOs in particular, share a positive outlook for business growth in the year ahead.

Vietnam slips further in WB’s Doing Business 2020 ranking despite scoring higher

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.

Expert warns of impact of Vietnam’s slowing industrial activities on GDP growth

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.

 

Vietnam's growth moderate this year but remains robust in Asia: ADB

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 seeks to become logistics hub

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.

 

Experts upbeat about Vietnam’s consumption outlook

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 forecast to be at 6.6% of GDP in 2019

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.

 

Vietnam's GDP revised upwards by massive 25.4% for 2011-2017 period

Vietnam’s total gross domestic product (GDP) may increase by 25.4 per cent per year for 2011-17 period after calculation is revised.

Vietnam's GDP climbs 6.76 per cent in six months

Vietnam’s gross domestic product (GDP) grew 6.76 per cent in the first half of this year, the second highest rate since 2011.

 

Fitch Ratings: Vietnam succeeds in lowering public debt

The Vietnamese Government has succeeded in decreasing public debt from 53 percent of GDP in 2016 to 50.5 percent by the end of last year, according to Fitch Ratings.

 

State firms contribute 28% to Vietnam’s GDP in 2018

Some 100 state firms would be subject to privatization in 2019, while the number slated for state divestment is 193.

Pressure mounts

Real issues are emerging from the government’s bid to use credit growth to support GDP growth.

VN needs half century to catch up with Thailand’s labor productivity

 VietNamNet Bridge – Vietnam’s GDP in 1990 is equal to that of Thailand in the 1960s. By 2069, Vietnam is expected to catch up with its neighbor’s labor productivity.

BUSINESS IN BRIEF 16/1

Vietnamese bank invests in five-star hotel in Laos;  HCMC agricultural restructuring brings many successes; Power group continues proposing power price increase; VN moves to improve ship standards; WB keeps Vietnam’s GDP growth at 5.6 percent in 2015