imf lowers economic growth forecast for asean region

IMF lowers economic growth forecast for ASEAN region

Singapore and other Southeast Asian Nations (ASEAN) economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from China's economic reopening, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas said on January 31.
the keys to economic momentum

The keys to economic momentum

Key experts spoke to VIR about the outlook for the years ahead.
vietnams economy steadfast amid the headwinds

Vietnam’s economy steadfast amid the headwinds

The government and people of Vietnam well deserve their achievement of the highest economic growth record in more than a decade. Despite global economic concerns, inflationary pressure, currency depreciation and other current challenges, Vietnam’s economy grew at 8.02 per cent in 2022, according to the General Statistics Office. That was higher than the government’s initial target of 6-6.5 per cent, and Vietnam remains one of the fastest-growing economies in the region.
advantages outlined to push ahead with public investment

Advantages outlined to push ahead with public investment

In the context that most capital mobilisation channels are tightening, public investment is considered an important driver for boosting economic growth.
imf commends vietnams macro economic stabilisation policies

IMF commends Vietnam’s macro-economic stabilisation policies

Deputy Managing Director of the International Monetary Fund (IMF) Antoinette Sayeh has lauded Vietnam for its high economic growth and controlled inflation over the past years despite global uncertainties.
the key to promoting digital economic growth in vietnam

The key to promoting digital economic growth in Vietnam

The wide applicability and huge connected data store created from blockchain have made this technology increasingly important in the progress of realising the goal of bringing the digital economy to 20 per cent of GDP, as set by the government.
vietnam in 2023 facing a recession or a rebound

Vietnam in 2023: Facing a recession or a rebound?

Vietnam will once again face an uncertain world economy in 2023: high inflation will hurt the real incomes of consumers and depress retail sales in many countries, rising interest rates will cool down housing markets, and property developers will postpone new housing construction, China’s difficult exit from the pandemic will impair growth in the short term; and geopolitical tensions will induce more volatility in energy, food, and financial markets.
government strives to extend fiscal policy outlined by psrd

Government strives to extend fiscal policy outlined by PSRD

Amid difficulties forecast to continue undermining the business community, a fiscal policy under Vietnam’s hallmark socioeconomic recovery initiative is expected to be lengthened next year in a bid to fuel enterprises’ performance and achieve desired economic growth.
vietinbank honoured with project infrastructure finance deal of the year award

VietinBank honoured with ‘Project Infrastructure Finance Deal of the Year’ award

With the surge of foreign capital inflow and rapid expansion of the economy during recent years, VietinBank stands out as a pioneering bank financing major projects focused on enhancing existing infrastructure in Vietnam, fostering economic growth and sustainable development.
conference discusses new drivers of economic growth

Conference discusses new drivers of economic growth

Many important issues in the Vietnamese economy were brought to the table at the 5th Vietnam Economic Forum, such as effectively exploiting signed free trade agreement, and identifying opportunities and challenges in energy transition.
adb cuts developing asia growth projection on china slowdown

ADB cuts developing Asia growth projection on China slowdown

The Asian Development Bank trimmed its economic growth forecast for developing Asia on Wednesday, with China's pandemic lockdowns, slowing global demand and the Russian invasion of Ukraine seen as limiting the region's prospects.
economy prepares for external strain

Economy prepares for external strain

Vietnam’s economic growth prospects next year are expected to face tough challenges including slowdown in exports and investment, caused by various global fluctuations.
vietnam maintains appeal despite economic headwinds

Vietnam maintains appeal despite economic headwinds

Following a resilient performance during COVID-19, experts predict that Vietnam’s economy will still maintain its appeal despite global headwinds in 2023.
the importance of integrating policy to shore up supply chains

The importance of integrating policy to shore up supply chains

One of the most urgent potential threats to Vietnam’s continued economic growth comes from a sustainability issue that did not get much air time at the COP27 climate summit in Egypt in November - supply chains.
enabling green building development in vietnam

Enabling green building development in Vietnam

Vietnam’s major cities are changing at blinding speed. Over the past 20 years, cities like Ho Chi Minh and Hanoi have seen residential areas expand, malls open, skyscrapers rise, and populations grow, among many other changes that project the country’s rapid economic growth.