ADB remains bullish about Vietnam’s economic prospects despite COVID-19 Business

ADB remains bullish about Vietnam’s economic prospects despite COVID-19

Although the Vietnamese economy has been greatly affected by impacts of the COVID-19 pandemic, that has tightened the labour supply, lowered industrial output, and disrupted agricultural value chains, the Asian Development Bank (ADB) remains bullish about the country’s prospects in the medium and long term.
ADB optimistic about Vietnam's economic prospect despite slowdown Business

ADB optimistic about Vietnam's economic prospect despite slowdown

The ADB has revised down Vietnam's 2021 GDP growth forecast from 6.7 percent to 3.8 percent due to a resurgence of the COVID-19 pandemic that has tightened the labour market, lowered industrial output, and disrupted agricultural value chains, according to a report released by the bank on September 22. ​
Tripod strategy crucial to economic recovery in 2021: experts Business

Tripod strategy crucial to economic recovery in 2021: experts

Institutional reform, deeper integration and digital transformation are important for Vietnam to recover the economy, which has been battered by the COVID-19 pandemic, President of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said on November 24.
Remittances expected to rebound by year’s end Business

Remittances expected to rebound by year’s end

Vietnam is one of a few countries worldwide to successfully control the COVID-19 pandemic, creating opportunities to invest in the country and attracting overseas remittances for production expansion.
Laos’ GDP forecast to contract by 2.5 percent: ADB World

Laos’ GDP forecast to contract by 2.5 percent: ADB

Economic expansion of Laos is forecast to contract this year for the first time since 1980s due to impacts of the COVID-19 pandemic, but the economy will recover in 2021, according to the Asian Development (ADB)’s recent report.
ADB: Thailand’s economy to shrink by 8 percent in 2020 World

ADB: Thailand’s economy to shrink by 8 percent in 2020

Despite relatively effective containment of Covid-19, the impact of the pandemic on Thailand's economy has been more severe than expected and economic recovery remains elusive, with annual GDP poised to shrink by 8 percent, says the Asian Development Bank (ADB).
ADB forecasts Vietnam’s economic growth at 1.8 percent in 2020 Business

ADB forecasts Vietnam’s economic growth at 1.8 percent in 2020

Vietnam’s economy is forecast to expand 1.8 percent in 2020 amid the coronavirus and bounce back in next year, while economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next year, according to a recent report released by the Asian Development Bank (ADB).