covid 19 could damage global growth in 2020 imf

COVID-19 could damage global growth in 2020: IMF

The coronavirus epidemic could damage global economic growth this year, the IMF head said on Sunday (Feb 16), but a sharp and rapid economic rebound could follow.
interest rates in vietnam only nudged by coronavirus scare in february

Interest rates in Vietnam only nudged by coronavirus scare in February

Experts believe that coronavirus could impede demand for business expansion loans, which will subsequently lower the demand for bank capital. In this scenario, after the high inflation in the first half of the year, deposit rates may decline slightly to stimulate economic growth.
extracting the maximum value from business performances

Extracting the maximum value from business performances

The Vietnamese economy has grown by 7.02 per cent in 2019, and is expected to maintain this growth momentum into 2020. Nguyen Minh Cuong, principal country economist at the Asian Development Bank in Vietnam, sat down with VIR’s Thanh Tung to talk about the country’s economic outlook and what it should do to support domestic enterprises’ performance for heightened economic growth, as well as the links between foreign-invested enterprises and their domestic counterparts in the economy.
smarter thinking required for smart city creation in vietnam

Smarter thinking required for smart city creation in Vietnam

Vietnam is considering smart city development as one of its key impetuses for economic growth in the years to come. Tran Quoc Thai, vice director of the Ministry of Construction’s Urban Development Agency, writes about the opportunities and hurdles in developing smart cities awaiting the country in the new year.
economic think tanks praise vietnams responsive tactics

Economic think tanks praise Vietnam’s responsive tactics

Vietnam has made solid efforts to be more enabling and responsive to businesses that form a firm pillar for strong economic growth. These efforts have received the thumbs-up from international organisations – a sign that brighter prospects for the country lie ahead.
flurry of activity upcoming in ma

Flurry of activity upcoming in M&A

Driven by strong economic growth prospects and potential for state-owned enterprise equitisation, more Singaporean investment is expected to flow via mergers and acquisitions (M&A) in the months to come in Vietnam, focusing on finance, property, and fintech.
working groups thrash out solutions for economic growth

Working groups thrash out solutions for economic growth

Vietnam has never before received so many recommendations from international investors on sustainable development in all sectors of concern, with expectations to step up involvement in socio-economic development in the new decade. Bich Thuy reports.
gdp growth forecast robust for 2020

GDP growth forecast robust for 2020

Viet Nam would look to maintain economic growth of 6.76 per cent this year, according to the National Centre for Socio-Economic Information and Forecast under the Ministry of Planning and Investment.
central bank asked to support economic growth

Central bank asked to support economic growth

Prime Minister Nguyen Xuan Phuc on Thursday told the State Bank of Viet Nam (SBV) to take measures to ensure macro-economic stability, inflation control and growth in 2020.
retail sales in vietnam hit four year high

Retail sales in Vietnam hit four-year high

Retail sales of goods and services in Vietnam reached 4.94 quadrillion VND (214.8 billion USD) in 2019, representing a rise of 11.8 percent over the previous year, according to the General Statistics Office (GSO).
vietnams gdp expands 702 percent in 2019

Vietnam’s GDP expands 7.02 percent in 2019

Vietnam’s gross domestic product (GDP) increased 7.02 percent in 2019, marking the second straight year the economic growth rate topping 7 percent since 2011, according to the General Statistics Office (GSO).
adb affirms economic growth potential of vietnam

ADB affirms economic growth potential of Vietnam

The Asian Development Bank has revised up its forecast of Vietnam’s GDP growth for 2019 and 20202 from 6.8 percent to 6.9 percent and 6.7 percent to 6.8 percent, respectively, in contrary with projections for Asia.
vietnam achieves impressive economic growth in 2019 infographics

Vietnam achieves impressive economic growth in 2019 (Infographics)

Vietnam’s economy has performed well in 2019, with GDP expanding by an estimated 6.8 percent, according to the World Bank (WB)’s recent report.
vietnam achieves impressive economic growth wb

Vietnam achieves impressive economic growth: WB

Vietnam’s economy has performed well in 2019, with GDP expanding by an estimated 6.8 percent, public debt reduced by nearly 8 percentage point of GDP since 2016, and a trade balance surplus for fourth year in a row, according to the World Bank (WB)’s report released on December 17.
agriculture driving economic growth

Agriculture driving economic growth

Despite numerous risks, Vietnam’s agro-forestry-fishery sector is expected to reap bigger fruits in 2019 with more investments implemented, making it one of the key drivers of economic growth. Thanh Dat reports.