Global banks high on GDP prospects

Global banks high on GDP prospects

With a recovering economy in 2023, Vietnam has earned upbeat growth projections from international organisations for this year.
2024 growth prospects through expert lens

2024 growth prospects through expert lens

Le Trung Hieu, deputy director general of the General Statistics Office, has analysed the key factors in Vietnam’s efforts to meet its 2024 growth targets.
Vietnamese economy expands 5.05 per cent in 2023: GSO

Vietnamese economy expands 5.05 per cent in 2023: GSO

Vietnam’s gross domestic product (GDP) growth rate is estimated at 5.05 per cent in 2023, the General Statistics Office (GSO) announced on December 29.
Standard Chartered adjusts Vietnam's 2023 GDP growth forecast to 5 per cent

Standard Chartered adjusts Vietnam's 2023 GDP growth forecast to 5 per cent

Standard Chartered has downgraded Vietnam's 2023 GDP growth forecast amidst the global economic strains.
Slow real estate development not the principal factor depressing Vietnam’s GDP growth

Slow real estate development not the principal factor depressing Vietnam’s GDP growth

The statement was made by the chief economist of VinaCapital Michael Kokalari on October 23.
Reform across the board for Quang Ninh

Reform across the board for Quang Ninh

Over past years, the northeastern province of Quang Ninh has been winning plaudits for its non-stop efforts to modernise.
Vietnam’s GDP grows 4.24 per cent in January-September

Vietnam’s GDP grows 4.24 per cent in January-September

Vietnam’s gross domestic product (GDP) increased by 4.24 per cent year-on-year in the first nine months of 2023. While the rate only exceeds the figures recorded in 2020 and 2021, which were significantly affected by COVID-19, it is still seen as a positive outcome, according to the General Statistics Office.
Vietnam's Q3 GDP poised for growth, Standard Chartered reports

Vietnam's Q3 GDP poised for growth, Standard Chartered reports

Standard Chartered foresees an uptick in Vietnam's Q3 GDP growth.
Digital economy contributes 15 per cent to GDP in H1

Digital economy contributes 15 per cent to GDP in H1

Vietnam’s digital economy has played an important role in the country’s socio-economic development in recent times, and accounted for nearly 15 per cent of GDP in the first half of this year, according to the Ministry of Information and Communications.
Headwinds weakening Vietnam’s economic recovery

Headwinds weakening Vietnam’s economic recovery

Vietnam’s GDP growth was only 3.32 per cent in the first quarter compared to the same quarter of the previous year. Growth accelerated in the second quarter but only to 4.14 per cent – very far from the rapid pace of 7-8 per cent annually before 2020.
World Bank forecasts growth of 4.7 per cent in 2023

World Bank forecasts growth of 4.7 per cent in 2023

According to the latest report by the World Bank, Vietnam’s economy is expected to grow by 4.7 per cent in 2023, with a slow recovery to 5.5 per cent in 2024.
FTAs to which Vietnam is a signatory, as of July 2023

FTAs to which Vietnam is a signatory, as of July 2023

The Vietnam - Israel Free Trade Agreement (VIFTA) was signed on July 25 and is the latest free trade agreement (FTA) Vietnam is a party to. Joining more FTAs will create significant opportunities for the country to deeply participate in global value chains, increase exports, boost GDP growth, and improve its institutions.
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.
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