Kanni Wignaraja, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, said she expected Vietnam can show that there’s a different way to do development and that amidst the uncertain global economic outlook, Vietnam can prove itself as an attractive place for investment by doing a greener, more inclusive development.
The Asian Development Bank (ADB) has raised its growth forecast for Indonesia to 5.2% this year due to healthy domestic demand and steady export growth.
Vietnam’s economic growth this year can reach up to 6.9% in the best-case scenario, the Central Institute for Economic Management (CIEM) announced during a recent Hanoi workshop to launch a report on Vietnam’s economy in the first half of 2022.
Southeast Asia has gained credence in the global economy since the onslaught of the COVID-19 pandemic and the Russia - Ukraine conflict, according to The Straits Times.
The Asian Development Bank (ADB) keeps this year’s growth forecast for Vietnam at 6.5% in 2022 and 6.7% in 2023 as released in the April 2022 Asian Development Outlook (ADO).
The Vietnamese stock market witnessed a strong correction recently, mainly due to international macroeconomic factors, including global soaring inflation and the US Federal Reverse rate hikes.
Vietnam’s economic growth this year can reach up to 6.9% in the best-case scenario, the Central Institute for Economic Management (CIEM) announced during a Hanoi workshop organised on July 15 to launch a report on Vietnam’s economy in the first half of 2022.
Lower steel prices and public investment disbursement are expected to provide growth momentum for the construction industry over the second half of 2022.
Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook.
As many countries in the world have limited food exports to guarantee domestic food security, rice – a staple in most of Asia – is forecast to witness surging prices in the time ahead, which is said to be a chance for Vietnam – one of the world’s largest rice exporters.
Senior officials from the Association of Southeast Asian Nations (ASEAN) and Japan have reaffirmed commitment to further strengthen cooperation and advance their partnership towards the 50th anniversary of ASEAN-Japan relations next year.
As of May 20, Vietnam’s banking system had injected some 43 billion USD into the economy this year, a 7.6 percent increase compared to the end of 2021. The figure also reflects rising capital demand for production and business activities and a bright outlook for economic recovery.
Almost 93 percent of German companies already operating in Vietnam will continue to invest in the country and over 64 percent of them expect their business to develop better in the next 12 months, a survey from AHK World Business Outlook–Spring 2022 has revealed.
It is urgent to reinforce transmission capacity over the next decade to connect renewable energy supplies in the south with energy demand in the north, said Director of the Danish Energy Agency (DEA)’s Global Cooperation Centre Ulrik Eversbusch at the launch of Vietnam Energy Outlook Report 2021 in Hanoi on June 2.
The S&P Global Ratings on May 26 raised its long-term sovereign credit rating on Vietnam to “BB+” with a “stable” outlook on the back of strong economic recovery, according to the Ministry of Finance.
Leaders of the Quad countries - the US, Japan, India, Australia - have reaffirmed their unwavering support for the Association of Southeast Asian Nations (ASEAN)'s unity and centrality and for the practical implementation of the ASEAN Outlook on the Indo-Pacific (AOIP).
The Vietnamese economy picked up strongly in early 2022, thanks to a strong vaccination drive, robust global demand for its manufacturing products, momentum in domestic demand, and resilient foreign direct investment (FDI) flows.
The ADB said in a recent report that Laos has made solid progress towards achieving its nationally determined contributions (NDCs) under the Paris Agreement, aimed at achieving net-zero emission.