Asia Must Improve Digital Environment for Entrepreneurs, New Global Index Shows
Singapore has the world’s best digital environment and support system for entrepreneurs, according to the Global Index of Digital Entrepreneurship Systems, released today as part of the Asian Development Outlook (ADO) 2022 Update.
Strong Economic Fundamentals—Key to Fast Recovery in Vietnam, Says ADB
The Asian Development Outlook (ADO) Update 2022 says Viet Nam’s economy is performing reasonably well amid uncertainties in the global economy.
Vietnamese Getting Richer Eager to Spend Money on Healthy Food
In 2022, 3.4mn households or 10.7% out of total households had an annual disposable income of more than USD10,000. In 2026, there will be 6.8mn households, or 19.9% of total households, that have a disposable income of more than USD10,000 a year.
Fitch Economists Point out the Impacts of Rising Interest Rates on Vietnam’s Banks
Lending rates in Vietnam are driven chiefly by credit demand since its supply is pre-determined by SBV's annual quota. Meanwhile, deposit rates are influenced by the need to fund these assets, and are sensitive to depositors' expectations on inflation.
Vietnam’s Economy to Grow 8.5% in 2022, Moody Economists Say
Vietnam is also the only Asia-Pacific (Apac) economy to experience a significant upward revision to GDP (gross domestic product) growth forecasts by Moody’s Analytics, with the research house now projecting its 2022 GDP growth to hit 8.5 per cent – the highest among its peers.
Vietnam's Export Faces to the Challenges of Falling Demands
Although growth in both export and import moderated, the trade balance remained flat in July. As HSBC has flagged previously, Vietnam is likely to run the second consecutive year of current account deficit, posing downside pressure on VND.
Standard Chartered Bank Forecasts Vietnam’s Q3 GDP Growth at 10.8%
Standard Chartered economists expect the State Bank of Vietnam (SBV) to keep the policy rate on hold at 4.0% in 2022 to support economic growth and businesses, despite rising inflation.
Gojek Launches Vietnam’s First Outdoor “Talking Billboards”, Inspired by Cries of Traditional Street Hawkers
Gojek, Southeast Asia’s leading mobile on-demand platform, has deployed outdoor “talking billboards” in Hanoi and Ho Chi Minh City (HCMC), making it the first brand in Vietnam to utilize this new form of outdoor advertising.
Vietnam Among the Most Vulnerable Countries to Climate Impacts
Vietnam’s 100 million people are among the most vulnerable in the world to climate impacts, facing hazards along the country’s 3,260-km long coastline and extensive low-lying regions.
IMF Stressed the Need for Inflation Controlling in Vietnam
As elsewhere, COVID-19 led to disruptions to economic activity. In 2020, successful containment measures coupled with supportive policies made Vietnam the regional top-performing economy.
$134 Million UK Fund to Help Catalyze Green Financing in SouthEast Asia
ASEAN countries are grappling with increasing costs of climate change, which add to the existing investment needs of $210 billion per year for infrastructure in the region and exacerbate the heightened vulnerability of people and the economy after the COVID-19 pandemic.
HSBC Raises Vietnam’s 2022 Growth Forecast
HSBC expects Vietnam’s economy to grow 6.9% in 2022, likely topping the region. That said, HSBC trims 2023 growth forecast to 6.3%, taking account of mounting downside risks, particularly from the energy side.
Standard Chartered Expects Vietnam’s Recovery to Gain Momentum in the Next Quarter
Standard Chartered Bank maintains its 2022 and 2023 inflation forecasts of 4.2% and 5.5%, respectively. Supply-side factors pose upside risks to inflation, particularly given the ongoing.
USAID, Ministry of Planning and Investment, and Leaders of the Mekong Region Launch Mekong Innovation Initiative
USAID/Vietnam Mission Director Ann Marie Yastishock and MPI Vice Minister Tran Duy Dong were joined by the Director of MPI’s National Innovation Center and leaders from 13 provinces in the Mekong Region for the formal launching ceremony in Can Tho.
Developing Asia Economies Set to Grow 5.2% This Year Amid Global Uncertainty
However, uncertainties stemming from the Russian invasion of Ukraine, the continuing coronavirus disease (COVID-19) pandemic, and tightening by the United States Federal Reserve pose risks to the outlook.
Vietnam’s Economy Set for Strong Rebound Amid Global Economic Uncertainty
A recovering labor market, along with monetary and fiscal stimulus measures of the Government’s Economic Recovery and Development Program, will spur industrial growth by a projected 9.5% in 2022.
Vietnam, World Bank Strengthen Partnership to Meet Goal of High-income Economy by 2045
A highlight of the trip was the agreement between Ferro and Prime Minister Chinh to jointly produce a report, Vietnam 2045 that will offer pathways and solutions for Vietnam to realize its aspiration of becoming a high-income economy by 2045.
Fitch Affirms Vietnam at 'BB'; Outlook Positive
Fitch Ratings has affirmed Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB' with a Positive Outlook. A full list of rating actions is at the end of this rating action commentary.
HSBC: Vietnam’s Exports Rose Sharply Thanks to Broad-based Growth across Sectors
Exports rose 13.6% y-o-y in February thanks to broad-based growth across sectors – a reflection of its steaming external sector.
ADB to Develop Prototype for Cross-Border Securities Transaction System Using Blockchain
Cross-border securities transactions in the ASEAN+3 region are currently processed through a global network of custodians and correspondent banks, which go through global centers in either the United States or Europe.
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