adb adjusts growth forecast of vietnam up to 69 per cent

ADB adjusts growth forecast of Vietnam up to 6.9 per cent

With unexpectedly strong growth momentum in the third quarter likely to carry over into the fourth quarter and next year, the ADB adjusted its growth forecast for Vietnam from 6.8 to 6.9 per cent for 2019, and from 6.7 per cent to 6.8 per cent for 2020.
southeast asias gdp growth to remain at 45 per cent in 2020

Southeast Asia’s GDP growth to remain at 4.5 per cent in 2020

Economic growth across the Southeast Asia region will slow down from 5.1 per cent in 2018 to 4.5 per cent in 2019 and remain unchanged in 2020, amidst high risks of a re-escalation in trade tensions, according to the ICAEW’s latest Economic Update: Southeast Asia report.
opec agrees oil output cuts after much brain squeezing

OPEC agrees oil output cuts after much 'brain squeezing'

The powerful OPEC group of oil producers and its allies reached a deal on Friday (Dec 6) to cut production by 500,000 barrels per day in a bid to stem prices which have been under pressure from abundant reserves and weak global economic growth.
scg pioneering for a circular economy

SCG: Pioneering for a circular economy

A rapidly growing population coupled with continued fast economic growth have been fuelling the rising demand for resources and poses a significant risk of scarcity of raw materials, impacting people’s lives. SCG – one of the leading conglomerates in the ASEAN region – has been pioneering the circular economy in its global business to promote sustainable development for all.
dong thaps sustainable agriculture

Dong Thap’s sustainable agriculture

With bountiful potential for agriculture development, and with its annual rice and seafood output among the country’s top performers, the Mekong Delta province of Dong Thap has achieved a fair economic growth rate in recent years with a constantly improved local business environment, helping to turn the locality into an investment hotbed in the region.
shaping epr programmes to fit the face of vietnam

Shaping EPR programmes to fit the face of Vietnam

To ensure the efficiency of extended producer responsibility (EPR) programmes, Vietnam should adjust them to the pace of economic growth instead of trying to “copy-paste” an EPR approach from another country.
billion dollar fintech market awaits sandbox for breakthrough

Billion-dollar fintech market awaits sandbox for breakthrough

Regulators are working to finalise the experimental legal framework (sandbox) for healthy market development, accelerating economic growth. This exponential growth will help Vietnamese fintech companies to bloom.
smart city to boost sustainable growth and prosperity

Smart city to boost sustainable growth and prosperity

Smart city building is a crucial solution to boost economic growth and prosperity in Vietnam, while investing in ‘smart city’ projects is the best way for Vietnam to digitalise, an expert has said.
pm welcomes softbanks investment expansion in vietnam

PM welcomes SoftBank’s investment expansion in Vietnam

Prime Minister Nguyen Xuan Phuc welcomed SoftBank – the largest financial services group of Japan – to expand investment in Vietnam, which has an increasingly improved business environment and the fastest economic growth in the region and the world.
vietnamese port infrastructure needs solutions to keep pace with growth

Vietnamese port infrastructure needs solutions to keep pace with growth

The Vietnamese port industry needs further investment to keep pace with the country’s rapid economic growth and reduce logistic costs for businesses.
private sector greatly contributes to vietnams economic growth

Private sector greatly contributes to Vietnam’s economic growth

The private economic sector invested over 26.8 billion USD in the economy during the nine-month period, accounting for 45.3pc of the total social investment capital.
persistent trade tensions risk worsening poverty world bank

Persistent trade tensions risk worsening poverty: World Bank

As global trade tensions persist, investments are put on hold and without that cash to boost economic growth, poverty could surge, the World Bank's chief economist warned Tuesday (Oct 9).
businesses have crucial role to play in socio economic development deputy pm

Businesses have crucial role to play in socio-economic development: Deputy PM

Businesses are the main force of the nation to help promote economic growth, social development, and employment, Deputy Prime Minister Trinh Dinh Dung said while attending the Vietnam Business Forum 2019 in the central coastal city of Da Nang on October 5.
vietnam set to outperform southeast asia in 2019 gdp growth

Vietnam set to outperform Southeast Asia in 2019 GDP growth

While Vietnam’s economic growth is expected to ease to 6.7 per cent in 2019, it is set to outperform the rest of the region and remain the fastest growing economy in Southeast Asia, according to ICAEW’s latest Economic Update: Southeast Asiareport.   
vietnams economy remains resilient adb

Vietnam’s economy remains resilient: ADB

The Asian Development Bank (ADB) has predicted that Vietnam’s economy will maintain healthy growth in 2019 and 2020 at 6.8 percent and 6.7 percent, respectively, after growing robustly at 7.1 percent last year.