steady ship anticipated for monetary policy to 2025

Steady ship anticipated for monetary policy to 2025

Despite an uncertain global economic environment, Vietnam’s overall macroeconomic situation is forecast to remain stable in the second half of 2024. Suan Teck Kin, head of research at UOB, shared with VIR’s Thuy Van the outlook of Vietnam’s economy and how the country positions itself to capitalise on opportunities for economic growth and investment.
vietnam among six asean countries with good economic growth maybank

Vietnam among six ASEAN countries with good economic growth: Maybank

The gross domestic product (GDP) growth of six ASEAN countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - will recover to 4.5 per cent and 4.7 per cent in 2024 and 2025, respectively, from 4 per cent in 2023, according to Maybank Research Pte Ltd forecast.
vietnamese economy fared well in q1 despite external risks

Vietnamese economy fared well in Q1 despite external risks

The global economy is facing several headwinds, including the slowdown in China and the Eurozone as well as the US Fed's possible delay of interest rate cuts. In this context, ASEAN may be a global safe haven for economic growth. Abel Lim, head of Wealth Management Advisory and Strategy at UOB, discussed with VIR's Thanh Van the outlook of the global economic condition and its impact on Vietnam.
vbsp creating equal opportunities for poverty stricken families

VBSP creating equal opportunities for poverty-stricken families

Along with economic growth, the government is paying attention to poverty reduction and creates equal opportunities for the poor and disadvantaged people to access resources, including policy credit. Among them, Vietnam Bank for Social Policies (VBSP) has made efforts to increase such people's access to policy credit to improve their lives.
government commits to wide support towards 2025

Government commits to wide support towards 2025

The government will continue to expand the fiscal policy in a bid to assist those struggling and to achieve the desired economic growth target for the year.
gdp likely to meet na growth target

GDP likely to meet NA growth target

Hoang Van Cuong, member of the National Assembly’s (NA) Finance and Budget Committee, assessed Vietnam's economic landscape following the first full quarter of 2024, and the country's growth prospects for the rest of the year.
small business confidence high as vietnam expects robust economic growth

Small business confidence high as Vietnam expects robust economic growth

Small businesses in Vietnam are confident of a positive 2024, with 86 per cent projecting they will grow on the back of robust economic growth, improving on the previous two years, CPA Australia’s annual survey shows.
sumitomo corporation pursues carbon neutrality at vietnam project under azec platform

Sumitomo Corporation pursues carbon neutrality at Vietnam project under AZEC platform

The Asia Zero Emission Community (AZEC) platform shares common principles among member countries in addressing climate change as a global challenge while ensuring energy security, economic growth, and pursuing carbon neutrality through various pathways according to each country’s circumstances.
economic experts mull over best way to aid growth

Economic experts mull over best way to aid growth

Financial experts are weighing up the best options for Vietnam to support the country's still nascent economic growth and ensure financial market stability.
vietnam remains focused on evs for sustainable growth

Vietnam remains focused on EVs for sustainable growth

According to a recent HSBC report, Vietnam is advancing its green energy transition rapidly while prioritising electric vehicles (EVs) as a key driver of sustainable economic growth.
key driver gains a must for growth

Key driver gains a must for growth

Only slight order number improvements and enterprise confidence sentiment mean it may be difficult for the country to hit its desired growth goals this year.
core principles of growth still apply

Core principles of growth still apply

Five decades of development progress and lessons for the future Vietnam has achieved much progress in economic growth over the past decades. Jonathan Pincus, senior international economist at the United Nations Development Programme in Vietnam, analyses how the economy has grown and offers lessons for the future.
downside risks being felt on vietnams growth path

Downside risks being felt on Vietnam’s growth path

Vietnam is forecast to face massive difficulties in domestic production recovery and external demand, which remain feeble, with lower-than-expected economic growth this year.
adb forecasts 6 per cent growth for vietnam

ADB forecasts 6 per cent growth for Vietnam

According to the Asian Development Outlook released by the Asian Development Bank (ADB) on April 11, slowing global demand and high international interest rates hampered Vietnam’s growth last year, yet Vietnam's economy is expected to grow 6 per cent in 2024 and 6.2 per cent in 2025.
vietnams economic growth expected to pick up in 2024

Vietnam's economic growth expected to pick up in 2024

Vietnam’s economy is expected to post 6 per cent growth in 2024, up from 5.1 per cent growth in 2023, on the back of improving external demand, a pickup in domestic demand, and robust foreign direct investment (FDI) inflows, according to a report by the ASEAN+3 Macroeconomic Research Office (AMRO) released on April 9.