Vietnam to post world’s fifth-highest economic growth: WB

31.07.2020 ~ Trần Đình Hoành ~ Bình luận về bài viết này

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31/07/2020 14:33 GMT+7 vietnamnet

Vietnam is projected to be the fifth highest-growing economy in the world this year and the country has a unique opportunity to increase its footprint in the global economy in both trade and investment,

Stefanie Stallmeister, World Bank Acting Country Director for Vietnam, has said.

Vietnam to post world’s fifth-highest economic growth: WB

She made the remarks during the unveiling of the WB’s report “What will be the new normal for Vietnam? The economic impact of COVID-19” on July 30.

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Trade surplus reaches record of $5.46 billion

27.07.2020 ~ Trần Đình Hoành ~ Bình luận về bài viết này

Update: July, 18/2020 – 07:18 |VNS Workers of Foster Electric Vietnam Co Ltd on a production line. The total import-export value of the whole country in June reached US$43.28 billion, up 15.8 per cent over May. — VNA/VNS Photo Thống Nhất

HÀ NỘI — Việt Nam recorded a trade surplus of US$5.46 billion in the first half of this year, the highest six-month surplus ever recorded, data of the General Department of Customs this week showed.

Việt Nam’s import and export activities recovered strongly in June, signalling a more optimistic outlook for the country’s foreign trade in the latter half of this year, especially as many countries have started easing COVID-19 control measures and are accelerating the recovery process.

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Vietnam poised for highest GDP growth in Southeast Asia

21.07.2020 ~ Trần Đình Hoành ~ Bình luận về bài viết này

By Dang Khoa June 19, 2020 | 06:30 pm GMT+7 VNExpress

Vietnam poised for highest GDP growth in Southeast Asia

Farmers harvest rice in a paddy field in the southern province of Soc Trang, March 10, 2020. Photo by VnExpress/Nguyet Nhi.

The Asian Development Bank (ADB) has forecast the highest 2020 GDP growth rate in Southeast Asia for Vietnam at 4.1 percent.

The regional bank has placed Myanmar in second place with an estimated growth rate of 1.8 percent while Brunei in third place with 1.4 percent. Thailand is at the bottom of the list at -6.5 percent, behind Singapore (-6 percent) and Cambodia (-5.5 percent).

Southeast Asia’s average GDP growth is estimated to contract by -2.7 percent this year and expected to rebound to 5.2 percent next year.

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Vietnam poised for quick recovery once the global economy reopens

15.07.2020 ~ Trần Đình Hoành ~ Bình luận về bài viết này

14 July 2020 Consultancy.asia

Although Covid-19 threw a spanner in the works for Vietnam’s thriving economic growth story, McKinsey & Company suggests that the country could resume pre-crisis growth levels by next year.

Two factors have combined to cushion the blow of Covid-19 on Vietnam’s economy, at least in comparison to other economies across Asia and the world. For one, the country was successful in containing the virus. In fact, reports highlight that the last report of community transmission of Covid-19 in Vietnam was two months ago. Tiếp tục đọc “Vietnam poised for quick recovery once the global economy reopens” →

MoIT aims for production growth in second half of year

13.07.2020 ~ Trần Đình Hoành ~ Bình luận về bài viết này

Update: July, 11/2020 – 09:33 VNS

In June, the IIP rose by 13 per cent in the processing and manufacturing sector. — Photo congthuong.vn.

HÀ NỘI — The Ministry of Industry and Trade (MoIT) will focus on removing difficulties in industrial sectors in the second half of this year, especially the processing and manufacturing industry, to expand production and business. Tiếp tục đọc “MoIT aims for production growth in second half of year” →

H1 GDP growth hits 10-year low

13.07.2020 ~ Trần Đình Hoành ~ Bình luận về bài viết này

By Anh Tu June 29, 2020 | 04:41 pm GMT+7 VNExpress

H1 GDP growth hits 10-year low

Workers manufacture antibacterial masks at a firm in HCMC’s Tan Binh District, April 2020. Photo by VnExpress/Nguyet Nhi.

Vietnam’s GDP growth was roughly 1.81 percent in the first half, the lowest since 2011, due to the Covid-19 pandemic, General Statistics Office reported Monday.

The country’s second quarter GDP grew by 0.36 percent, compared with an expansion of 6.73 percent in the same period last year, said the GSO.

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Vietnam Outperforms Among Asia’s Frontier Sovereigns

07.07.202007.07.2020 ~ Trần Đình Hoành ~ Bình luận về bài viết này

FITCH WIRE

Sun 05 Jul, 2020 – 9:15 PM ET

Fitch Ratings-Hong Kong, Singapore-05 July 2020: Vietnam is positioned to stand out among Asia’s frontier and emerging markets this year in terms of its economic resilience and success in bringing the coronavirus outbreak under control, says Fitch Ratings. These factors should support Vietnam’s ‘BB’ rating, which we affirmed in April 2020 while revising the Outlook to Stable from Positive. Nevertheless, the country faces a number of challenges, including contingent liability risks from state-owned enterprises and structural weaknesses in the banking sector. Tiếp tục đọc “Vietnam Outperforms Among Asia’s Frontier Sovereigns” →

World Bank forecasts Việt Nam’s 2019 growth at 6.6 per cent

27.04.2019 ~ Trần Đình Hoành ~ Bình luận về bài viết này

Update: April, 27/2019 – 08:29 VNA

Việt Nam’s economic growth is projected to moderate to 6.6 per cent in 2019, driven by credit tightening. — VNA/VNS Photo

HÀ NỘI — Việt Nam’s economic growth is projected to moderate to 6.6 per cent in 2019, driven by credit tightening, slower private consumption and weaker external demand, according to the World Bank (WB).

Under the Managing Headwinds report on East Asia and Pacific update released on Wednesday, WB said Việt Nam’s economy continues to show fundamental strength, supported by robust domestic demand and export-oriented manufacturing. Tiếp tục đọc “World Bank forecasts Việt Nam’s 2019 growth at 6.6 per cent” →

Vietnam’s economy forecast to grow at 6.8% in 2019 amid weakening global outlook: ADB

03.04.2019 ~ Trần Đình Hoành ~ Bình luận về bài viết này

Last update 16:22 | 03/04/2019

vietnmnet

With growth in the global economy and world trade projected to slow, ADB forecasts that Vietnam’s economic growth will moderate but remain strong at 6.8% this year and 6.7% in 2020, according to the Asian Development Bank (ADB).

“The economic performance in Vietnam reached a sweet spot in 2018, driven by strong exports and domestic demand,” said Eric Sidwick, ADB country director for Vietnam, at the launch of the Asian Development Outlook (ADO) report on April 3. Tiếp tục đọc “Vietnam’s economy forecast to grow at 6.8% in 2019 amid weakening global outlook: ADB” →

GDP growth benefits for the poor lessening: economist

16.01.2018 ~ Trần Đình Hoành ~ Bình luận về bài viết này

VietNamNet Bridge – The gap between the top 20 percent of the richest people and the lowest 20 per cent of the poor in Vietnam was 4.4 times in 1993, but the figure was 10 times in 2016.

The real figure could be even higher as it is now difficult to measure the wealth of the rich, according to the Mekong Development Institute.

Dr Phung Duc Tung, head of the Mekong Development Institute, said that the high GDP growth rate that Vietnam has always been striving for will not solve all the problems in the country.

Tung said the GDP growth rate is an important index that measures the development of the economy, but it is also necessary to think about who will benefit from growth. Tiếp tục đọc “GDP growth benefits for the poor lessening: economist” →

Productivity key to escaping mid-income trap

17.12.2017 ~ Trần Đình Hoành ~ Bình luận về bài viết này

vietnamnews Update: December, 14/2017 – 08:00

Workers produce mechanical accessories and parts at the Hirota Precision Viet Nam Co.,Ltd in Đồng Nai Province. — VNA/VNS Photo Danh Lam

Viet Nam News HÀ NỘI — Việt Nam has to focus on increasing labour productivity and overall productivity growth to avoid the risk of being stuck in the middle income trap, experts said at the Vietnam Development Forum (VDF) 2017 yesterday.

Prime Minister Nguyễn Xuân Phúc said that there were signs of slowdown in productivity growth, a key driver of sustainable development, and this has to be reversed with innovation, creativity and technological applications. Tiếp tục đọc “Productivity key to escaping mid-income trap” →

ADB lifts growth prospect of VN to 6.7%

17.12.2017 ~ Trần Đình Hoành ~ Bình luận về bài viết này

vietnamnews Update: December, 13/2017 – 18:00

Việt Nam’s growth prospect is predicted to be 6.7 per cent in both 2017 and 2018. — Photo bantuyengiao.vn

Viet Nam News HÀ NỘI — The Asian Development Bank (ADB) revised Việt Nam’s growth prospect upward to 6.7 per cent in both 2017 and 2018 compared with earlier forecasts of 6.3 and 6.5 per cent, respectively.

This is part of ADB’s forecast on economic expansion of developing Asia, which showed the GDP of the first three quarters of 2017 in Việt Nam grew by 6.4 per cent, up from 5.9 per cent in the same period of 2016. Tiếp tục đọc “ADB lifts growth prospect of VN to 6.7%” →

ADB: Growth at 6.7% in 2017 & 2018

13.12.201713.12.2017 ~ Trần Đình Hoành ~ Bình luận về bài viết này

Last update 18:05 | 13/12/2017

vietnamnet

Vietnam’s growth prospects have been revised upwards to 6.7 per cent in both 2017 and 2018 compared to previous forecasts of 6.3 per cent and 6.5 per cent, respectively, in a supplement to the Asia Development Bank’s Asian Development Outlook Update 2017 report, released on December 13.

The first three quarters of 2017 saw GDP grow by 6.4 per cent, up from 5.9 per cent in the same period of 2016, the report noted. Tiếp tục đọc “ADB: Growth at 6.7% in 2017 & 2018” →

Vietnam’s economic growth patterns questioned by experts

05.12.2017 ~ Trần Đình Hoành ~ Bình luận về bài viết này

Last update 08:00 | 05/12/2017

vietnamnet

VietNamNet Bridge – The unexpected jump in the GDP growth rate in the third quarter of the year remains controversial.

Vietnam’s GDP growth rates

Head of the Vietnam Economics Institute Tran Dinh Thien, citing statistics about GDP growth rates in the last many years, said the ‘strange thing’ of Vietnam economy is ‘the growth rate is low in the first quarters, high in the last quarters, and the yearly plans are fulfilled’. Tiếp tục đọc “Vietnam’s economic growth patterns questioned by experts” →

HSBC raises growth forecast to 6.6%

06.10.201706.10.2017 ~ Trần Đình Hoành ~ Bình luận về bài viết này

Last update 16:18 | 06/10/2017

vietnamnet

HSBC has revised its growth forecast for Vietnam this year up to 6.6 per cent, days after data from the General Statistics Office showed the economy grew 7.46 per cent in the third quarter year-on-year; its strongest third-quarter growth since 2010.

In a recent statement, the bank said that July-September growth was “surprising”. It had lowered its growth forecast from 6.4 to 6 per cent in July after the economy hit a three-year low of 5.2 per cent growth in the first quarter.

A continued rise in exports and industrial production were some of the primary drivers of growth, as the strong tech cycle in the second quarter persisted throughout the third quarter, the bank noted. Tiếp tục đọc “HSBC raises growth forecast to 6.6%” →

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