The Southeast Asian economies remain steadfastly resilient and delivered credible economic growth in the second quarter of 2024, with Vietnam and the Philippines continuing as the region’s top two performing economies, growing at 6.9% and 6.3%, respectively, according to McKinsey & Company, a US multinational strategy and management consulting firm.
Many reputable international organisations have shown their optimism about Vietnamese economic outlook, predicting that the country can complete its GDP growth target of 6.5% this year.
A delegation of Ho Chi Minh City led by Chairman of the municipal People’s Committee Phan Van Mai met with several enterprises of the US on July 18 - 19 as part of their ongoing working trip to the US.
COVID-19 has interrupted the country’s journey to become a high-performing economy, but the right structural adjustments could help get it back on track, according to McKinsey & Company, a leading US consultant firm.
Vietnam could resume pre-COVID-19 growth levels by next year although the pandemic threw a spanner in the works for the country’s thriving economic growth story, McKinsey & Company said in report published on Consultancy.asia.
Vietnam could expect the strong growth of recent years to return next year, and will likely see its position as an offshoring location reinforced once the global economy begins to recover, assessed the Mckinsey & Company, a global management consulting firm.
The Indonesian government has hired three international consulting companies to develop a master plan for the country’s new capital city in East Kalimantan province, Indonesian Coordinating Minister for Maritime Affairs and Investments Luhut Binsar Pandjaitan said on February 28.
With the growing middle class and increasing purchasing power, the consumer goods and e-commerce sector in Vietnam has become very attractive to Singaporean businesses.
Renewable energy could become Vietnam’s lowest-cost option to meet its energy needs, according to a whitepaper released by global management consulting firm McKinsey & Company on January 23.
Asia has strong fundamentals for long-term growth despite trade tensions, dollar strengthening and demographic challenges casting a shadow on the outlook for strong global growth.
