Standard Chartered expects Vietnam’s economy to grow by 3 percent in 2020 and surge to 7.8 percent in 2021. Rising consumption on improving sentiment, and faster manufacturing will drive growth in the last quarter of this year.
The Singapore-based Chinese-language newspaper Lianhe Zaobao newspaper (United Morning Paper) ran an article on November 26 on Vietnam’s foreign direct investment (FDI) attraction, affirming that it is one of the most open economies with the fastest economic growing pace in Asia.
The Vietnamese economy continued its strong performance in the first half of 2018, although external and domestic challenges could affect the country’s growth outlook for this year and next year, the Asian Development Bank (ADB) said in a new report.
Exhibition organiser Reed Tradex is ready to work with Vietnam industrialists to catch a new investment wave, said Kasinee Phantteeranurak, Project Manager of Reed Tradex Co., Ltd. in a special interview.
Vietnam’s GDP is expected to grow at 6.6 percent in 2017 following a drought-induced slowdown in 2016, according to Standard Chartered Bank’s Global Research Briefing.
The domestic property market this year would see “hot” development as Vietnam would be one of five best prospective markets in the Asian region, experts said.
The establishment of the ASEAN Economic Community (AEC) by the end of this year is expected to create huge prospects for Vietnam to draw foreign direct investment (FDI) from other ASEAN countries.
After a minor upswing in the first half of the year, mergers and
acquisitions (M&A) in Vietnam’s real estate market are expected to
further take off in the coming time, the Vietnam Investment Review (VIR)
cited experts as saying.
Vietnam’s gross domestic product (GDP) expanded 5.5 percent in the third
quarter of 2013. Compared with the second quarter, the growth is 0.5
percent higher.
Foreign direct investment (FDI) inflows in Vietnam is expected to
sharply increase in the 2014-15 period as the stable economy would
create favourable conditions for the flow.
The National
Financial Supervisory Committee (NFSC) last week released the latest
forecasts for the economy in the 2014-15 period, showing that the FDI
would see a high growth rate because of world economic improvement.
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