Vietnam’s economic picture at the end of the first quarter clearly reflects the difficulties the country is facing, with GDP growth of just 3.32% - very low for the last decade. However, data shows that the economy may recover in the second or third quarter.
The Asian Development Bank (ADB) has revised its 2020 GDP forecast for Vietnam from 1.8 percent to 2.3 percent following positive signs in public investment and domestic consumption.
Egypt’s leading online newspaper Al-Ahram on August 31 ran a story by Kamal Gaballa highlighting socio-economic achievements that Vietnam has gained during the national development.
Five sectors of telecoms, information and technology, clean agriculture, clean technologies, retail, health care and pharmaceuticals have potential for high growth in the next three years.
The Asian Development Bank (ADB) has revised up its growth forecasts for Vietnam from 6.8 percent to 6.9 percent for 2019 and from 6.7 percent to 6.8 percent for 2020.
Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.
The National Advisory Council on Financial and Monetary Policies met on March 28 to assess the economic growth in Quarter 1 and determine factors that can affect growth in the remaining months of the year.
Vietnam’s expansion has charged ahead despite the recent financial and trade turmoil, which has affected many Southeast Asian emerging markets, Moody’s Investors Service said in a recently-announced report.
Standard Chartered Vietnam in Ho Chi Minh City on January 17 issued a global economic report, forecasting that Vietnam’s GDP will expand 6.8 percent in 2018.
Vietnam’s economy will continue the recovery trend with a GDP growth rate forecast at 7.1-7.3 percent in the fourth quarter of 2016, according to the General Statistics Office (GSO).
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).
The GDP grew by 6.81 percent in the third quarter and by 6.5 percent in the first nine months of this year, the Central Institute for CIEM has reported.
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