Vietnam records GDP growth slowdown in Q1 Business

Vietnam records GDP growth slowdown in Q1

Gross domestic product (GDP) expanded by 5.46 percent in the first quarter, slower than the 6.12 percent during the same period last year, according to the General Statistics Office (GSO).
Vietnam treasures ADB support: PM Politics

Vietnam treasures ADB support: PM

Prime Minister Nguyen Tan Dung has told outgoing ADB Country Director in Vietnam Tomoyuki Kimura that Vietnam highly values ADB’s support over the past years, especially in policy consultations, technical assistance and resource provision for the country’s growth.

EIU affirms Vietnam’s improving economic prospects

The Economist Intelligence Unit (EIU) of The Economist Group has confirmed Vietnam ’s improving economic prospects, saying after several years of lacklustre economic performance, headline indicators suggest that Vietnam may be turning a corner.

Investors aware of Vietnam's long-term potential

International investors of four funds under the management of the VinaCapital Group recognise Vietnam 's long-term potential but are concerned about the country's struggle to contain inflation.

VinaCapital chairman Terry Mahony said: "In the short term, Vietnam still faces challenges including high inflation and interest rates, which cause pressure to investment funds."

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.

BMI revises upwards forescasts on Vietnam's GDP growth

Business Monitor International (BMI) has raised its forecast about Vietnam's GDP growth in 2009 from 2.9 percent to 4.5 percent because of the government's demand stimulus policy and improved export.

The London-based independent company said in the first half, Vietnam's economy grew by 3.9 percent against a year earlier, an all-time low level, but the macro-economic information and statistics in the second and third quarters showed that the government's demand stimulation policy and the central bank's measures worked well.

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.