Vietnam banks' results in the third quarter of this year have shown easing pressure on asset quality and profitability on the back of an improving economic outlook, says Fitch Ratings in a new report.

Vietnam’s fourthquarter economic outlook is brighter on the back of a rise in domestic consumption and public investment.

The global economic outlook is less bleak than projected in June, an IMF spokesman said Thursday, hinting that the organization's forecasts for growth will be raised next month.

The recovery prospects look brightest for Vietnam and the country is expected to be the only Southeast Asian economy to record positive growth this year, according to the latest Global Economic Outlook report from Oxford Economics, commissioned by chartered accountancy body ICAEW.

While Vietnam has experienced an unprecedented boom in recent decades, the current pandemic is now having a clear negative impact on the economic outlook. The effects of the crisis, into which Vietnam has fallen completely through no fault of its own, are visible to the naked eye. In Mui Ne for instance, there are only very few guests at the resorts. Ho Chi Minh City’s otherwise lively District 1 restaurants are deserted, and in Hanoi’s Tay Ho district, rents are falling due to a lack of tenants. There are countless other examples. In short, the crisis is felt everywhere. However, these are only the indicators that are quickly recognisable from the outside. Foreign trade, investments, and the not negligible remittances from overseas Vietnamese are also putting pressure on the economy. It is clear to every observer that economic recovery will be a Herculean task. But what can Vietnam do to reposition itself powerfully and finally emerge from the crisis stronger? 

The global health crisis is accelerating global trends in supply chain shifts, offering Vietnam possible development advantages on a silver platter. Vietnam Citi country officer Natasha Ansell shared her view with VIR’s Phu Canh on Vietnam’s economic outlook and its current position as a potential manufacturing hub in the region.

Vietnamese shares ended Wednesday on a negative note as market sentiment was clouded by pessimism about the growth of both global and local economies amidst the surge in total coronavirus infection cases.

Vietnam’s economic growth is forecast to shrink to 3.3 percent this year due to the impact of a raft of external challenges, according to the latest economic outlook released by Standard Chartered Bank on April 23.

The Vietnamese government has enacted Directive No.11 on supporting enterprises out of difficulties caused by COVID-19. Raymond Mallon, senior economic advisor from the Australia-Vietnam economic reform programme, writes about the economic outlook for 2020 under the shadow of the outbreak, and opportunities for business through new government policies.

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.

With strong demands for real estate especially in urban areas, Vietnam’s golden demographics and a positive economic outlook will drive the mid-end and affordable housing segment in the country’s residential market beyond 2020 forward. Bich Ngoc reports.

The recent rising appetite for M&A in Vietnamese banks from South Korean investors may be a positive sign reflecting a brighter economic outlook and a hunger for growth.

Amidst the positive economic outlook and strong demand in the plastics and rubber sectors in northern Vietnam, the international plastics and rubber technologies and materials exhibition Plastics & Rubber Vietnam this year will be held in Hanoi for the first time between November 27 and 29 at the International Center for Exhibition.

Money poured into the world's bond markets on Wednesday as investors shunned riskier assets such as stocks for the relative safety of government debt.

Asian investors took a breather on Tuesday (Jul 2) as the previous day's gains fuelled by the resumption of China-US trade talks were offset by worries about the global economic outlook following the release of disappointing factory data.