Pressure to achieve GDP growth of 6.5 per cent

Pressure to achieve GDP growth of 6.5 per cent

Amidst the challenges in the US and EU markets, and a slower than expected recovery in China, Vietnam is facing more pressure to drive domestic growth.
Approximately 6.8 per cent of Vietnam's GDP lost annually to climate change

Approximately 6.8 per cent of Vietnam's GDP lost annually to climate change

To respond to climate change by 2040, Vietnam will need approximately $400 billion. However, the state budget is only anticipated to provide $130 billion.
Outlooks lowered as weaker trade hampers 2023 growth

Outlooks lowered as weaker trade hampers 2023 growth

Slow recovery in domestic production and continued global challenges are expected to leave Vietnam behind its economic growth target this year, with international organisations lowering their forecasts.
Urgent actions needed to address investment barriers

Urgent actions needed to address investment barriers

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.
Standard Chartered forecasts 7 per cent growth rate for Vietnam in H2

Standard Chartered forecasts 7 per cent growth rate for Vietnam in H2

Standard Chartered Bank predicts that Vietnam's economy will experience a rebound in the second half of the year, with a growth rate of 7 per cent on-year.
Facilitating two-way business between Vietnam and Italy

Facilitating two-way business between Vietnam and Italy

As a country, Italy, whose GDP growth has been rather stagnant for a while, breathes optimism and energy from Vietnam.
World Bank forecasts Philippines' GDP to grow 6 per cent in 2023

World Bank forecasts Philippines' GDP to grow 6 per cent in 2023

The World Bank's Philippines Economic Update (PEU) said on June 7 that it expects the Philippines' gross domestic product (GDP) to grow 6 per cent this year and 5.9 per cent in 2024 due to solid domestic demand.
Digital economy likely to contribute 25.5pc to Malaysia’s GDP by 2025: Minister

Digital economy likely to contribute 25.5pc to Malaysia’s GDP by 2025: Minister

Digital economy is expected to contribute 25.5 per cent to Malaysia’s Gross Domestic Product (GDP) in 2025, and the country will attract major investments to data centres, innovation, and digital economy in the next few months, said Minister of Communications and Digital Fahmi Fadzil.
Fostering industrial success through institutional growth

Fostering industrial success through institutional growth

If internal issues are resolved, Vietnam can reach its objective of increasing industry’s contribution to GDP to over 40 per cent by 2030.
Hung Yen leaps in Provincial Competitiveness Index

Hung Yen leaps in Provincial Competitiveness Index

Hung Yen has continued to improve its position in the Provincial Competitiveness Index (PCI) in 2022, ranking 14th out of the 63 cities and provinces.
Growth goals take hit after tricky Q1

Growth goals take hit after tricky Q1

Despite a gradual rebound in retail and consumption, lingering difficulties since Q4 last year are expected to continue making dents in economic growth of 2023, with industrial production declining in the first months of the year.
High pedestal to reach for 2023’s growth ambitions

High pedestal to reach for 2023’s growth ambitions

A series of risks including a reduction in domestic production and global demand, and heightened geopolitical complexity are expected to make it more difficult for Vietnam to reach its economic growth indicators this year.
Focused spending can set a solid base for positive outcome

Focused spending can set a solid base for positive outcome

The GDP objective in 2023 is 6.5 per cent, and inflation below 4.5 per cent, given that the global economy will continue to fluctuate with the threat of a national recession.
Scenarios set for government’s growth ambitions

Scenarios set for government’s growth ambitions

Increases in domestic consumption, production, and foreign direct investment are set to enable the economy to achieve its growth target this year.
Tactics bulked up to meet tourism targets

Tactics bulked up to meet tourism targets

With a target of $28.3 billion in revenue, contributing 5 per cent of the country’s GDP, Vietnam’s tourism sector needs a clear strategy if it is to have a successful 2023.
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