05-09-2023 09:45
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.
15-08-2023 11:00
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.
10-08-2023 09:51
The Vietnam - Israel Free Trade Agreement (VIFTA) was signed on July 25 and is the latest free trade agreement (FTA) Vietnam is a party to. Joining more FTAs will create significant opportunities for the country to deeply participate in global value chains, increase exports, boost GDP growth, and improve its institutions.
09-08-2023 11:44
Amidst the challenges in the US and EU markets, and a slower than expected recovery in China, Vietnam is facing more pressure to drive growth in the domestic market over the remainder of the year.
25-07-2023 11:00
Vietnam’s GDP growth accelerated in Q2 of 2023 compared with Q1, but the annual growth rate of under 4 per cent during the first half of 2023 was well below the official 6.5 per cent target. While disappointing, any growth in the current difficult environment could be viewed as a positive. Importantly, the macroeconomic foundations remain mostly stable with relatively low inflation.
18-07-2023 15:42
Although the target of 6.5 per cent GDP growth in 2023 is challenging, the disbursement of public investment could still help Vietnam get as close to that goal as possible. Deputy Minister of Planning and Investment Tran Quoc Phuong explained to VIR’s Nguyen Huong how the gradual improvement of disbursement will be a strong premise for economic growth for the rest of the year and into 2024.
17-07-2023 08:37
Pham The Anh, a senior expert from the National Economics University, scrutinises the government's measures to stimulate economic growth, while discussing the threats to development in the face of low demand.
05-07-2023 18:00
United Overseas Bank (UOB) has just revised its full-year growth projection down to 5.2 per cent in view of the challenges ahead, particularly for the fourth quarter of 2023 with its high base (in value terms) a year earlier.
04-07-2023 18:01
The Ministry of Planning and Investment (MPI) updated two scenarios in the second half of 2023 for Vietnam to strive for GDP growth of 6-6.5 per cent for the whole year, at the government's monthly meeting on July 4.
23-06-2023 18:51
In a recent global research report, Standard Chartered Bank forecasts Vietnam’s second quarter (Q2) GDP growth to have slowed to 1.5 per cent on-year, from 3.3 per cent in Q1. This poses downside risks to its 6.5 per cent growth forecast for 2023. However, a rebound is expected in the second half of 2023.
12-06-2023 13:00
As a country, Italy, whose GDP growth has been rather stagnant for a while, breathes optimism and energy from Vietnam. Both countries place a strong emphasis on values such as family, traditions, beauty, and food, and both have a rich cultural heritage that is deeply ingrained in their societies. Additionally, Vietnam and Italy are similar in terms of their geographical size and administrative structure, which does provide a basis for more effective collaboration.
26-05-2023 14:45
Vietnam's Q1 GDP growth slowed to 3.3 per cent due to a number of factors, including weak exports. However, a recovery is anticipated as interest rates decline and the government implements measures to stimulate economic growth.
04-05-2023 09:00
If internal issues are resolved, Vietnam can reach its objective of increasing industry’s contribution to GDP to over 40 per cent by 2030.
27-04-2023 09:13
The Organisation for Economic Cooperation and Development (OECD) expects Vietnam's economy to grow steadily, with GDP at 6.5 per cent in 2023 and 6.6 per cent in 2024.
21-04-2023 15:31
The 2 per cent reduction in VAT is hoped to affect aggregate demand significantly, effectively doping the economy amidst the current slowdown.