vietnam hopes to promote energy transition from green hydrogen

Vietnam hopes to promote energy transition from green hydrogen

The green hydrogen ecosystem based on renewable energy is expected to contribute $40-$45 billion to Vietnam's GDP each year, according to the National Green Hydrogen Summit on October 28.
standard chartered adjusts vietnams 2023 gdp growth forecast to 5 per cent

Standard Chartered adjusts Vietnam's 2023 GDP growth forecast to 5 per cent

In its latest macroeconomic report, Standard Chartered has revised down Vietnam's GDP growth for 2023 to 5 per cent, citing weaker-than-expected performance and a challenging global economic landscape, while suggesting stronger recovery indicators in specific sectors and a need for continued vigilance in terms of monetary policy.
slow real estate development not the principal factor depressing vietnams gdp growth

Slow real estate development not the principal factor depressing Vietnam’s GDP growth

The statement was made by Michael Kokalari, chief economist of VinaCapital, on October 23 as he highlighted that the situation in Vietnam’s real estate market is completely different from China’s.
reform across the board for quang ninh

Reform across the board for Quang Ninh

Over past years, the northeastern province of Quang Ninh has been winning plaudits for its non-stop efforts to modernise.
vietnams economic growth projected at 47 per cent in 2023

Vietnam's economic growth projected at 4.7 per cent in 2023

The Vietnamese economy is forecast to grow by 4.7 per cent in 2023, before rebounding to 6 per cent in 2024, according to the ASEAN+3 Macroeconomic Research Office (AMRO).
vietnams gdp grows 424 per cent in january september

Vietnam’s GDP grows 4.24 per cent in January-September

Vietnam’s gross domestic product (GDP) increased by 4.24 per cent year-on-year in the first nine months of 2023. While the rate only exceeds the figures recorded in 2020 and 2021, which were significantly affected by COVID-19, it is still seen as a positive outcome, according to the General Statistics Office.
vietnams economy continues upward growth trajectory

Vietnam's economy continues upward growth trajectory

Compared to the first half of this year, noticeable improvements have been seen in terms of production activities in the third quarter. Nguyen Thi Mai Hanh, head of the System of National Accounts Department under the General Statistics Office, digs into the economic development highlights of the year to date.
uob adjusts 2023 growth forecast for vietnam

UOB adjusts 2023 growth forecast for Vietnam

UOB (United Overseas Bank) has adjusted its full-year growth forecast for Vietnam to 5 per cent from 5.2 per cent previously, with the assumption of further acceleration of real GDP growth in Q4 at 7 per cent on-year.
gdp growth rose in first nine months of 2023

GDP growth rose in first nine months of 2023

The Ministry of Planning and Investment's General Statistics Office held a press conference on September 29 to cover the economic situation from the first nine months of the year.
soft momentum likely for q3 uob

Soft momentum likely for Q3: UOB

United Overseas Bank (UOB) maintains the full-year growth forecasts of 5.2 per cent for 2023 and 6 per cent for 2024, pencilling a projected 5.6 per cent on-year growth in Q3 this year and 7.6 per cent for Q4.
vietnams q3 gdp poised for growth standard chartered reports

Vietnam's Q3 GDP poised for growth, Standard Chartered reports

In the latest global research dispatch on September 22, Standard Chartered projected a 5.1 per cent on-year ascension in Vietnam’s Q3 GDP, a leap from the 4.1 per cent growth witnessed in Q2.
economic targets set in national master plan

Economic targets set in National Master Plan

Under the National Master Plan for 2021-2030 with a vision to 2050, Vietnam strives to reach a GDP growth rate of approximately 7 percent per year during the 2021-30 period. By 2030, GDP per capita at current prices is expected to be around 7,500 USD.
the need for public investment to maximise fta gains

The need for public investment to maximise FTA gains

One of the most striking changes over the decades has been Vietnam’s shift from one of the world’s most closed economies to one of the most open, in terms of trade and foreign direct investment to GDP ratios.
digital economy contributes 15 per cent to gdp in h1

Digital economy contributes 15 per cent to GDP in H1

Vietnam’s digital economy has played an important role in the country’s socio-economic development in recent times, and accounted for nearly 15 per cent of GDP in the first half of this year, according to the Ministry of Information and Communications.
headwinds weakening vietnams economic recovery

Headwinds weakening Vietnam’s economic recovery

Vietnam’s GDP growth was only 3.32 per cent in the first quarter compared to the same quarter of the previous year. Growth accelerated in the second quarter but only to 4.14 per cent – very far from the rapid pace of 7-8 per cent annually before 2020.