Vietnam’s H1 economic growth quite impressive: ADB Country Director

Vietnam’s H1 economic growth quite impressive: ADB Country Director

Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4 per cent in the first half of this year.
Confidence reaching significant levels for medium-term economic prospects

Confidence reaching significant levels for medium-term economic prospects

Dr. José Viñals, group chairman of Standard Chartered, talked to VIR about the optimistic economic outlook for Asia and Vietnam, and Standard Chartered’s contribution in supporting Vietnam’s growth.
Fiscal rigidity a challenge for nation’s economic aspirations

Fiscal rigidity a challenge for nation’s economic aspirations

High-profile international organisations are recommending that the Vietnamese government creates stronger solutions to fuel aggregate demand.
The need for real detail is paramount

The need for real detail is paramount

The influence of the media on business activities in any country is significant, and offering relevant information can help companies get to grips with market trends, regulatory changes, and economic developments.
Malaysia, China sign deals on economic, trade cooperation

Malaysia, China sign deals on economic, trade cooperation

Malaysia and China signed a slew of deals on June 19 renewing a five-year economic co-operation pact and allowing export of fresh durians, during a visit by Chinese Premier Li Qiang to mark 50 years of diplomatic ties, according to Reuters.
Vietnam’s economic performance in January-May

Vietnam’s economic performance in January-May

In the first five months of this year, the country saw a 2 per cent increase in foreign direct investment, over a 9 per cent increase in total export-import turnover, and nearly a 65 per cent rise in the number of international visitors.
Fiscal deficit to require further economic assistance

Fiscal deficit to require further economic assistance

Despite a state budget surplus so far this year, a fiscal deficit for the whole year is expected due to prolonged difficulties.
UK supports ASEAN’s economic integration

UK supports ASEAN’s economic integration

The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on April 24 to discuss the ASEAN-UK economic integration programme.
Credit quality rise heads up business help

Credit quality rise heads up business help

Low growth in credit in the economy has prompted the government to continue taking drastic action in favour of enterprises who are struggling with access to capital.
Thailand, Japan vow to boost economic ties

Thailand, Japan vow to boost economic ties

Japanese Foreign Minister Kamikawa Yoko and her Thai counterpart Parnpree Bahiddha-Nukara agreed on October 12 in Bangkok, Thailand that the two countries will enhance economic cooperation.
Economic conditions taint consumer finance prospects

Economic conditions taint consumer finance prospects

The challenges facing the consumer finance sector have become evident this year, as numerous companies reported declining business results in the first half.
Prudently addressing Vietnam’s economic liquidity

Prudently addressing Vietnam’s economic liquidity

Vietnam’s economic growth has been slowing since November 2022. This prolonged decline is unusual for Vietnam compared to previous crisis cycles. The Purchasing Managers’ Index has remained very low since then, at 46.4 points, slowly approaching 49 points in July and reaching 50.5 points last month, except for February this year during the Lunar New Year holiday.
Vietnam’s economic performance in the first 8 months of 2023

Vietnam’s economic performance in the first 8 months of 2023

Vietnam’s average CPI increased by 3.1 per cent in the first eight months of 2023, while foreign investment rose 8.2 per cent and foreign visitors grew 5.4-fold.
Economic targets set in National Master Plan

Economic targets set in National Master Plan

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.
Dynamism part of growth ambitions

Dynamism part of growth ambitions

Based on the achievements so far of the year, Deputy Minister of Planning and Investment Tran Quoc Phuong told VIR’s Nguyen Huong about the current difficulties in the economy, and measures to reach goals set for the year.
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