The ASEAN+3 Macroeconomic Research Office (AMRO) on April 12 published its annual ASEAN+3 Regional Economic Outlook (AREO) 2022 which forecasts the region’s growth at 4.7 percent this year and 4.6 percent in 2023, with growth for ASEAN at 5.1 and 5.2 percent, respectively.
The Asian Development Bank (ADB) maintained its forecast for Vietnam’s GDP growth at 6.5 percent in 2022 and projected the economy to further expand by 6.7 percent in 2023, it was heard at a press conference in Hanoi on April 6 morning.
Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialization and a fast-growing middle-class.
Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialisation and a fast-growing middle-class, experts told AsianInvestor which focuses on the region’s investment industry.
The Vietnamese economy will recover strongly in 2022, starting at the end of the first quarter, said Tim Leelahaphan, Economist for Thailand and Vietnam at Standard Chartered, at a seminar held in Hanoi on February 18.
The ASEAN+3 region will remain resilient in 2022 in face of new challenges from the COVID-19 pandemic and the global economy, according to the ASEAN+3 Macroeconomic Research Office (AMRO).
Singapore's economy will grow by 4 percent next year, likely be driven by improvements in the construction sector as well as manufacturing and finance, according to a survey of professional forecasters.
Despite the challenges facing Vietnam in the fourth wave of COVID-19, many experts and businesses remain confident that the country’s economic outlook will become bright again soon.
Vietnam posted 18.3 percentage points in the Business Climate Index (BCI) in the third quarter of 2021 that was recently announced by the European Chamber of Commerce in Vietnam (EuroCham), a slight rise over the record low of 15 percentage points recorded in the most difficult time of the fourth wave of COVID-19 infections in September.
The World Economic Forum (WEF)’s Country Strategy Dialogue on Vietnam, held on late October 29, came to a success, demonstrating the WEF and global enterprises’ attention to and trust in the Vietnamese economy, Deputy Minister of Foreign Affairs Nguyen Minh Vu has said.
The ASEAN+3 Macroeconomic Research Office (AMRO) has estimated that the ASEAN+3 region will grow by 6.1 percent this year and 5 percent in 2022 after posting flat growth in 2020, due to the third wave of COVID-19 infections triggered by Delta variant.
Vietnam's economy has slowed down due to the prolonged impacts of the COVID-19 pandemic, but there are still many optimistic forecasts about the country’s economic outlook in 2022, Dr Tran Thi Hong Minh, Director of the Central Institute for Economic Management (CIEM), told the Vietnam News Agency (VNA).
Canadian entrepreneurs have voiced their belief in Vietnam’s economic outlook despite the fourth wave of COVID-19 outbreaks and the adverse impacts of the pandemic on the country’s activities and momentum growth.
Employers in various sectors expect their hiring intentions will recover in the second half of 2021, despite the ongoing impact of the pandemic, according to the latest Vietnam Employment Outlook survey by ManpowerGroup announced on August 20.
Malaysia’s central bank (BNM) has revised down the country’s 2021 GDP growth forecast to between 3 – 4 percent from the previous 6 – 7.5 percent as the prolonged COVID-19 nationwide lockdown continues to weigh heavily on the economy.
The Indonesian government has slashed the country’s growth projection in 2021 to 3.7 - 4.5 percent from the earlier prediction of 4.5-5.3 percent, given the serious impact of the latest wave of COVID-19 caused by the Delta variant and recent restrictions imposed in the two islands of Java and Bali.
Thailand’s central bank on June 23 decided to keep key rate unchanged at record low 0.5 percent and cut 2021 economic growth forecast following the complicated development of COVID-19 in the country.
Despite the complexity of the fourth COVID-19 wave, Vietnam’s GDP growth is forecast to exceed 6.5 percent this year on the back of surging industrial production and global economic recovery, according to Assoc. Prof. and PhD Dinh Trong Thinh, a senior economist from the Academy of Finance.
The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners.
Vietnam’s capacity to build long-term strategies is key for the country’s economic growth despite unprecedented difficulties brought by COVID-19 pandemic, according to Acting Director of the Far East Institute at the Russian Academy of Sciences Prof. Dr. Aleksey Maslov.
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