thailand lowers growth projection to 35 pc this year

Thailand lowers growth projection to 3.5 pc this year

Thailand's finance ministry has lowered the country's economic growth projection for 2023 to 3.5 per cent from the previous forecast of 3.6 per cent despite a strong recovery in tourism.
tech spending in asia pacific should remain robust

Tech spending in Asia-Pacific should remain robust

According to the International Monetary Fund’s recent regional report, the economy in Asia is poised for growth in 2023. With China and India driving much of the growth, the region’s economy is set to grow by 4.6 per cent this year. Economic growth has a direct impact on technology spend as well.
social development targets set in national master plan

Social development targets set in National Master Plan

Under the National Master Plan for the 2021-2030 period with a vision to 2050, Vietnam is set to become a developing nation with modern industry, high average incomes, and economic growth by 2030, based on science and technology, innovation, and digital transformation.
poor governance stifling recovery

Poor governance stifling recovery

Economic growth has slowed in 2023 as tighter financial conditions weakened investment and consumer demand. Market adjustment to changing conditions in Vietnam has been held back by poor compliance with corporate reporting rules in both the private and public sectors.
cp vietnam and hoa binh partner on agricultural enhancement and economic growth

C.P. Vietnam and Hoa Binh partner on agricultural enhancement and economic growth

A signing ceremony on agricultural enhancement and economic growth between C.P. Vietnam Corporation (CPV) and Hoa Binh People's Committee took place on July 18.
smoother regulations on the agenda

Smoother regulations on the agenda

With a low economic growth rate for the first half of the year, Vietnam is further truncating and eliminating business regulations which will benefit enterprises and investors.
setting a strong impression for socioeconomic advances

Setting a strong impression for socioeconomic advances

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.
temporary slowdown projected for general economy

Temporary slowdown projected for general economy

Despite the Vietnamese government making its great efforts to reach 6.5 per cent in economic growth this year, it will be an uphill struggle. Wanwisa May Vorranikulkij, senior economist from the ASEAN+3 Macroeconomic Research Office, talked to Khoi Nguyen about the outlook for the Southeast Asian economy.
stimulation essential to boost demand yet credit vigilance required

Stimulation essential to boost demand, yet credit vigilance required

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.
south korean retailers extend reach

South Korean retailers extend reach

South Korean companies are showing significant interest in Vietnam’s flourishing retail sector, seeking to seize opportunities presented by the nation’s robust economic growth and sizable working-age population.
german investors optimistic about vietnams outlook

German investors optimistic about Vietnam's outlook

German businesses are expressing more confidence in their development and have increasingly positive expectations for economic growth in Vietnam.
nation sticks to its guns over economic growth goals

Nation sticks to its guns over economic growth goals

Steadily holding the economic growth target for 2023, the government has set a prime priority on boosting growth, with brand new solutions ordered to fuel enterprise performance.
ho chi minh city maps out expansion with eight strategic logistics centres

Ho Chi Minh City maps out expansion with eight strategic logistics centres

Ho Chi Minh City aims to drive economic growth by establishing eight strategic logistics centres, totalling over 750 hectares, as part of a long-term development plan that stretches to 2030.
vietnams economic growth is geared towards environmental protection

Vietnam's economic growth is geared towards environmental protection

The national environmental protection plan for the 2021-2030 period, with a vision to 2050, is designed to meet the need for ecological safety and sustainable growth.
vietnam becomes preferred investment destination for japanese corporations

Vietnam becomes preferred investment destination for Japanese corporations

Vietnam has become a top choice for Japanese investors due to its strong economic growth, large consumer base, competitive labour costs, and favourable land rental rates.