Aquatic product exporters have been advised to make the most of every market opportunity in the remaining months of this year to speed up the recovery process.
The Thai economic recovery remained on track in June, with the tourism sector expanding on higher foreign tourist arrivals and exports decreasing, according to the Bank of Thailand (BoT).
The Ministry of Agriculture and Rural Development (MARD) forecast that aquatic product exports will bounce back at the end of the third quarter and reach the yearly revenue target of 10 billion USD.
Vietnam’s economy will recover in the second half of 2023, with its growth forecast to pick up to 7% year-on-year from the 3.7% in the first half, Standard Chartered Bank said in its recent macro-economic updates about the country.
Vietnam can return to high growth rates over the medium term, as structural reforms are implemented, an official of the International Monetary Fund (IFM) has said.
Vietnam can return to high growth rates over the medium term, as structural reforms are implemented, Division Chief of the International Monetary Fund (IMF)’s Fiscal Affairs Department Paulo Medas has said.
The profits of listed companies are expected to recover in the second half of the year after performing poorly in the first quarter, buoyed by the recent supportive policies from the Government, said analysts at securities firms.
Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to 95 billion USD by the end of the year as the State Bank of Vietnam rebuilds its stockpile.
The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for social housing projects, along with positive signs of the Vietnamese economy, said Vice Chairman of the Vietnam Steel Association (VSA) Doan Danh Tuan.
Ho Chi Minh City posted strong socio-economic recovery last year after a long period of grappling with COVID-19, with its tourism sector recording rapid and impressive growth.
Thanks to better input material supply and the application of a closed production process, tra fish industry is expected to overcome difficulties and become profitable again in the third quarter of this year, according to analysts.
Vietnam's domestic aviation market has been bouncing back, but many airlines are still grappling with difficulties caused by the COVID-19 pandemic, latent risks, and soaring expenses, the Quan doi Nhan dan (People’s Army) daily reported.
Vietnam’s economy is likely to strongly recover in the second quarter of 2023, said Tim Leelahaphan, Economist for Thailand and Vietnam at Standard Chartered.
Information relating to the loosening of credit room, and commitments from the Ho Chi Minh City People's Committee and other agencies on removing hurdles to transactions have led to experts' positive views on the future of the property market.
With the Government’s drastic measures to address problems related to legal bottlenecks, lack of capital access, and challenges in corporate bonds, the real estate market is expected to recover from the third quarter, experts have said.
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