In its most recent macro-economic updates about Vietnam, Standard Chartered Bank forecasts Vietnam’s Q2 GDP growth to moderate to a still-strong 5.3% year-on-year (from 5.7% in Q1).
The Lao economy is expected to expand moderately in 2024 and 2025, thanks to external demand linked with tourism and trade, according to a new Asian Development Bank (ADB) report.
The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow at 6.0% and 6.2% in 2024 and 2025, respectively, heard a conference held in Hanoi on April 11.
In the first nine months of the year, Vietnam’s economy expanded 4.24% year-on-year, which is an improvement against the 3.72% posted in the first half but was only half the pace of the 8.85% year-on-year recorded in the same period of last year.
The Asian Development Bank (ADB) has revised its GDP growth forecast for Vietnam down to 5.8% for 2023 and 6.5% for 2024, from 6.5% and 6.8% in April, respectively, according to the Asian Development Outlook (ADO) released on July 19.
Singapore’s economy expanded by 3.6% in 2022, slightly lower than the earlier estimate of 3.8%, data released by the country’s Ministry of Trade and Industry (MTI) on February 13 showed.
Thailand's economy could grow as much as 4% this year, the fastest rate in five years, thanks to the recovery of the tourism sector and domestic consumption, Thai Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said on February 1.
A cold spell combined with a strong north-east monsoon is forecast to cause temperatures in the northern region to drop sharply, with frost in mountainous areas between January 28 and February 3, coinciding with Tet (Lunar New Year) holidays.
Experts from Hong Kong and Shanghai Banking Corporation (HSBC) forecast that Vietnam’s GDP will grow 6.5 percent in 2022, after a two-year slowdown due to the COVID-19 pandemic, and its inflation rate will be curbed at 2.7 percent.
Bank Indonesia (BI) said it expects Indonesia’s gross domestic product (GDP) to increase by between 4.7 and 5.5 percent in 2022, higher than the previous forecast of 3,2-4 percent.
Vietnam’s export turnover is projected to record an annual average growth of 7 percent per year, hitting 535 billion USD by 2030, according to a new research by Standard Chartered issued on November 30.
The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) have raised their full-year forecast for overall inflation to between 1 percent and 2 percent in 2021, up from the previous prediction of 0.5 percent-1.5 percent.
The Hong Kong Shanghai Banking Corporation (HSBC) has revised upward its forecast for Vietnam’s economic growth next year to 6.8 percent from the previous 6.5 percent.
Indonesian Finance Minister Sri Mulyani Indrawati said at a recent congressional hearing with the House of Representatives’ Commission XI that Indonesia’s economic growth is forecast to reach between 7.1 to 8.3 percent in the second quarter this year.
The International Monetary Fund (IMF) has downgraded Indonesia’s economic growth projection to 4.3 percent in this year, down 0.5 percentage point compared to its forecast in February.
The Asian Development Bank (ADB) forecast Cambodia will lose more than 390 million USD due to the economic impact of the novel coronavirus disease (COVID-19) outbreak this year, the Phnom Penh Post reported.
The Asian Development Bank (ADB) has forecast that Vietnam’s economy will maintain healthy growth in 2019 and 2020 at 6.8 percent and 6.7 percent, respectively.
Based on major factors affecting the growth of the automobile industry, the automobile market of Vietnam has potential for development between now and 2025 with a vision to 2035.
The University of Thai Chamber of Commerce (UTCC) has raised its forecast of Thailand’s economic growth this year to 4.6 percent from an earlier estimate of 4.5 percent after improved export, tourism and crop prices.
