Infrastructure Development Key to Vietnam ’s FDI Attraction, EuroCham Said
While global uncertainty persists, Vietnam 's prospects are reassuring. Although The World Bank predicts a weak 2.8% global growth for 2022, Vietnam is expected to grow 7.2%.
Kick-off Workshop on the Development of Vietnam ’s Voluntary National Review (VNR) 2023
Vietnam has obtained many notable achievements in sustainable poverty reduction, coverage of essential health services, universal education, access to clean water and sanitation, information technology infrastructure.
ASEAN Perspectives: Fiscal Consolidation - A Long Way to Go
Today, HSBC released the report in which the fiscal perspectives of ASEAN are analyzed, the deficits are expected to remain high in 2022.
Vietnam Needs to Make Business Simpler to Increase Investment
Considering Vietnam high-quality and affordable labor offerings it's no surprise that foreign investors want to move manufacturing operations here. Export-oriented manufacturing and inbound foreign direct investment are driving Vietnam's economic growth
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 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.
ADB Lowered Economic Growth Forecast for Developing Asia and the Pacific
Inflation in developing Asia and the Pacific is predicted to accelerate to 4.2% this year, compared with a previous forecast of 3.7%. However, inflation pressure in the region as a whole is still lower than elsewhere in the world.
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.
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.
Vietnam’ Economic Growth Supported by Robust External Demand, Experts Say
Risks to the bright outlook are a renewed COVID-19 wave and a slower-than-expected global economic recovery.
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.
Vietnam Enters 2022 on a Solid Footing, HSBC Says
After a tough 2021, Vietnam’s economy started 2022 on a firm footing, as reflected in the January data prints. Despite rising daily COVID-19 infections, Vietnam has refrained from re-imposing harsh restrictions.
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.
HSBC Vietnam Commits to Arranging US$12 Billion to Green Vietnam
World Bank also warned that Vietnam is one of the top five countries likely to be affected by climate change, adding the forecast that climate change will reduce the country’s national income by up to 3.5% by 2050.
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