The Rate of High Income in Asia Will Surpass Europe or US by 2040
The number of people in the highest bracket, that spend over USD110 every day, is expected to rise from 27m in 2021 to 50m by 2030e and balloon to 164m in 2040e.
FPT’s Revenue and Profit before Tax Record Strong Growth in 8 Months of the Year
Global IT Service segment continues to see solid revenue growth of 28.7%, reaching VND 11,731 billion, fueled by the outstanding performance from the US market (up by 42%) and APAC (up by 61%).
Banks and Real Estates among Top Companies Issue Local Currency Bonds in Vietnam
State-owned Bank for Investment and Development of Vietnam (BIDV) remained the top issuer, with an outstanding bond stock of VND53.4 trillion at the end of June.
Long-Term Bond Yields Decline in Emerging East Asia
Yields of 10-year local currency government bonds dropped while yield curves flattened, according to the latest issue of Asia Bond Monitor, released today. Both are typically signals that investors expect slower economic growth.
United States and Vietnam Determine to Accelerate Energy Transition and Enhance Cooperation in Climate Change Adaptation
The United States welcomed Vietnam’s intention to submit by COP27 its updated NDC to reflect Vietnam’s commitments at COP26 and aligned with global efforts to limit warming to 1.5 degrees Celsius.
HSBC Vietnam Cooperates with Viettel in the Sustainable Data Centre Project
HSBC Vietnam’s green financing deal will support Viettel IDC’s procurement of equipment and machineries for the development of a sustainable data centre in Hanoi.
Standard Chartered Expects Vietnam’s Recovery to Stay Strong
Standard Chartered economists see inflation at 3.0% year on year in August in comparison to 3.2% in July and believe it is under control for now.
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.
Vietnam’s Retail to Surge in Medium Term, Economists Says
In 2022, average household disposable incomes will grow 9.7% y-o-y, to reach VND130.1mn (USD5,605). Over the medium term (2022-2026), the average disposable income for Vietnamese households is forecast to grow by an average of 9.3% a year.
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.
Economists Point Out Challenges Ahead for Vietnam’s Economy
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.
Vietnam Strongly Needs to Improve Infastructure, Economists Say
Upgrading and expanding Vietnam’s road connectivity remains the core, given heavy dependence on road transport in manufacturing and residents’ mobility.
Vietnam’s Economy Forecast to Grow 7.5% in 2022, New World Bank Report Says
Given the nascent domestic recovery, the weakening global demand outlook, and heightened inflation risks, the report suggests a proactive response by the authorities.
Standard Chartered named “Best Retail Bank” and “Best Mortgage Offering” by Retail Banker International
Standard Chartered Vietnam has also been named Best Foreign Retail Bank in Vietnam; in 2022 for the third consecutive year by the UK-based International Finance Magazine.
Vietnamese Universities Partner with USAID to Launch Reforms, Modernize, and Drive Socio-Economic Development
U.S. partner Indiana University will work with Vietnam’s three largest universities; Vietnam National University - Ho Chi Minh (VNU-HCM), Vietnam National University - Ha Noi (VNU-HN), and the University of Danang (UD).
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.
KPMG & HSBC’s Emerging Giants in Asia Pacific Report Identifies Potential Regional Unicorns and Their Growth Drivers
As the world’s growth engine, Asia Pacific’s technology-focused start-ups are leveraging innovations and new sector verticals to blaze a digital trail forward.
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.