Experts: Banking sector to enjoy another strong year
The banking sector will enjoy another strong year in 2018, experts told a seminar in Ho Chi Minh City this week.
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The banking sector will enjoy another strong year in 2018, experts told a seminar in Ho Chi Minh City this week.
The State Treasury of Vietnam mobilised over 44.4 trillion VND (1.95 billion USD) via Government bond (G-bond) auctions in the Hanoi Stock Exchange (HNX) since the beginning of 2018.
The International Monetary Fund (IMF) projected Vietnam’s economy to grow by 6.6 percent this year and 6.5 percent the following year in a recent report.
The World Bank has predicted that the Philippines’ economy will expand 6.7 percent in 2018 and 2019.
Moody’s Investors Service upgraded its credit rating for Indonesia on April 13, praising the country’s central bank and government policies for boosting confidence in the largest economy of Southeast Asia.
The World Bank (WB) forecasts Vietnam’s economic growth to stabilise around 6.5 percent in 2018 in its East Asia-Pacific Economic Update released on April 12.
Economic experts discussed measures to improve the quality of economic growth in a workshop held by the Central Institute for Economic Management (CIEM) in Hanoi on March 11.
The Vietnamese economy will rise to 7.1 percent this year, before easing back to 6.8 percent in 2019, said the Asian Development Bank (ADB) in a new report launched on April 11.
The World Bank (WB)’s experts have suggested Vietnam promptly reform its social insurance sector systematically in order to ensure the balance between collection and spending in the mid-and long-terms.
Vietnam’s total revenue from retail trade and services rose 10 percent year-on-year to exceed 1 quadrillion VND (44.05 billion USD) in the first quarter of 2018, reported the General Statistics Office (GSO).
Consumer prices of the Republic of Korea increased more than 1 percent in March on a rise in prices of agricultural goods and services, according to government data.
Vietnam’s economy enjoyed a more sustainable growth in the first quarter of the year with a strong economic expansion of 7.38 percent, the best first-quarter performance in the last decade.
Deputy Prime Minister Vuong Dinh Hue, who is also head of the National Steering Committee on Price Management, has asked for more efforts to keep core inflation at between 1.6-1.8 percent in the remaining months of 2018.
PM Nguyen Xuan Phuc asked Cabinet members to give feedback on the 2018 growth scenario, towards reaching growth of at least 6.7 percent this year, higher than the 6.5 percent assigned by the National Assembly.
Thailand should adopt an expansionary policy mix based on fiscal stimulus and monetary easing to achieve stronger and more balanced growth, the International Monetary Fund said.
Vietnam’s gross domestic product (GDP) in the first quarter of 2018 rose 7.38 percent, the highest growth rate over the past ten years, according to the General Statistics Office (GSO).
The Vietnamese Government hopes to receive further policy evaluations and consultancies from the International Monetary Fund (IMF) to restructure the economy, creating momentum for growth, said Deputy Prime Minister Vuong Dinh Hue.
The consumer price index (CPI) grew 2.82 percent in the first three months of 2018 compared to the same period last year, reported the General Statistics Office (GSO).
