UK’s Economist ups Vietnam’s growth forecast

The Economist’s Intelligence Unit, an offshoot of the UK ’s Economist magazine, has lifted its forecast of Vietnam ’s GDP growth rate in 2010 to 6.4 percent, up from 6.2 percent in its previous forecast.

Businesses foremost in fostering an export revival

Vietnam’s exports are on track to bounce back, not just only because of the government’s management policy, but also due to the efforts of various state run enterprises, said an official from the European Chamber of Commerce (EuroCham).

The Director of EuroCham’s Hanoi Office, Matthias Duehn, said at a seminar to promote exports in Hanoi on Oct. 12, that despite having faced many difficulties resulting from the global economic crisis, particularly in exports, Vietnam is likely to post a GDP growth rate of 5 percent this year.

Nomura forecasts VN's GDP growth at 4.9 percent

The Nomura International group has forecast Vietnam ’s GDP growth rate in 2009 to reach 4.9 percent, an increase over the group’s previous forecast of 4 percent, said the Vietnam Economic Times on July 9.