Along with Kuala Lumpur, Bengaluru, Shenzhen and Tashkent, the southern metropolis of Vietnam was named one of the five “Cities to Watch” in the Asia-Pacific region.
Vietnam will be the standout among the top six ASEAN economies (ASEAN-6), growing at a faster pace relative to its peers during the next few years, according to the Oxford Economics, a global economic advisory firm.
Malaysia’s digitalnewsasia.com on December 20 reported findings from consulting firm Oxford Economics’ recent research commissioned by the Institute of Chartered Accountants in England and Wales (ICAEW), saying that it offers a positive assessment of Vietnam's economy in 2023 and forecasts a bright outlook for a medium term.
The UK's forecasting and quantitative analysing company Oxford Economics has given positive assessments on Vietnam, highlighting the rising role of the country in the global manufacturing supply chains.
Southeast Asia’s economic growth will rebound to 6.2 percent in 2021 with Vietnam achieving 8 percent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW.
Malaysia’s economy is forecast to shrink by 6 percent this year due to the impacts of COVID-19 pandemic, but it will rebound 6.6 percent next year, according to the Global Economic Outlook report from Oxford Economics.
The textile industry in the CLMV (Cambodia-Laos-Myanmar-Vietnam) has come under near-term threat from the global COVID-19 outbreak, especially for key producer Cambodia.
Vietnam’s effective containment of COVID-19 should allow it to make a quicker rebound than most other economies in the region and its GDP growth can be around 2.3 percent this year, Sian Fenner, an economist from Oxford Economics wrote in a July 14 report.
Economic growth in the ASEAN region could rebound to an average 8 percent in 2021 after falling into recession in the first half of 2020, a report suggested on June 8.
COVID-19 pandemic has been a “black shadow” covering the whole world, causing fear and drowning tourism into gloomy situation. Amidst the complicated developments of the pandemic, tourism has little hope for fast recovery.
With its recent increase in adoption rate, innovations in artificial intelligence (AI) technology are looking to have a big impact on the workforce across the Association of Southeast Asian Nations (ASEAN) over the next few decades, according to a new study by Cisco and Oxford Economics.
Ho Chi Minh City will become the second fastest growing economy in Asia by 2021, according to a study by the UK-based Oxford Economics, reported Bloomberg.
Stronger export growth and a continued rise in investment suggest Vietnam’s GDP growth will go back to above 6.5 percent in 2017, after a slowdown to 6.2 percent in 2016.