The State Bank of Vietnam (SBV) pledges to continue fostering exchange rate flexibility while maintaining macroeconomic and financial market stability, so as to ease concerns from the US Department of Treasury about the country’s currency practices.
The Government should have more long-term policies and packages supporting and aiding businesses to recover from the impacts of COVID-19, Vietnam Chamber of Commerce and Industry (VCCI) has said.
The Central Institute for Economic Management (CIEM) introduced two scenarios for Vietnam’s economic growth in 2021 during a workshop held in Hanoi on July 15.
The State Bank of Vietnam could increase credit growth limits for credit institutions this year or even launch stronger monetary policies to aid the country’s post-pandemic growth, Governor Le Minh Hung has said.
The Indonesian government has set an economic growth target of 5.6 percent in 2020, up from the 5.3 percent targeted this year, said Coordinating Minister for the Economy Airlangga Hartarto.
The Vietnamese Ministry of Finance (MoF) has said that Moody's Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.
In the 2016-2020, Vietnam’s economic growth has improved and gradually recovered compared to the 2000-2010 period but still has yet to reach the strategic target.
The Government has affirmed its resolve to pursue the goal of macro-economic stability and inflation control while focusing efforts on addressing existing shortcomings and limitations in a resolution adopted at its regular meeting for May.
Vietnam’s socio-economic situation in April 2019 witnessed many positive signs with macroeconomic stability and surging aggregate demand, Prime Minister Nguyen Xuan Phuc told a regular cabinet meeting in Hanoi on May 4.
Indonesia’s external debt remained under control at healthy levels, apparent from its about 37 percent external debt-to-Gross Domestic Product ratio at the end of February, relatively unchanged from the earlier month and within the average of peer nations, according to a statement from the Bank Indonesia (BI).
Prime Minister Nguyen Xuan Phuc has asked for stronger efforts from sectors to promote macroeconomic stability and control inflation towards fostering sustainable and comprehensive economic growth.
Prime Minister Nguyen Xuan Phuc received Kevin McAllister, Executive Vice President of the US’s Boeing Company and President and Chief Executive Officer of Boeing Commercial Airplanes, in Hanoi on February 27.
The outlook for Vietnam’s economic growth in 2018 is quite bright thanks to positive economic performance in the first quarter, said Tran Quoc Phuong, Director of the Ministry of Planning and Investment's National Economic Issues Department.
Vietnam’s economy is forecast to continue improving, with gross domestic product (GDP) to expand by 6.8 percent this year, said the World Bank (WB) in its latest economic update for Vietnam.
WB has forecast that growth in developing East Asia and Pacific economies is expected to remain strong and reach 6.3 percent in 2018 thanks to prospects for a continued broad-based global recovery and robust domestic demand.
Vietnam experienced a relatively stable macroeconomic situation in 2017, in accordance with general global economic trends, but experts warned there will be obstacles to maintaining such momentum in the turbulent environment of 2018, according to a report by the Vietnam Institute for Economic and Policy Research (VEPR).
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