Int’l economists optimistic of Vietnam’s GDP growth
Economists are upgrading their growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter, according to Bloomberg.
Hanoi (VNA) - Economists are upgrading their growth projections forVietnam after the latest data showed the economy surged more than 7 percent inthe third quarter, according to Bloomberg.
Citigroup Inc. revised its full-year forecast of Vietnam’s GDP to 6.9percent from 6.7 percent, on the basis of another solid performance in thefourth quarter.
💮 Analysts at Maybank Kim Eng Research Ltd. also lifted their forecast ofVietnam’s economic expansion to 7 percent from their previous prediction of 6.8percent.
Meanwhile, United Overseas BankLtd. changed to 6.8 percent for the year from 6.7 percent, and CapitalEconomics Ltd. kept their projection of 7 percent, Bloomberg said.
Solid exports and manufacturing growth enabled thethird-quarter gain of 7.31 percent. Theexpansion was the highest since the start of last year, and reflectsgrowing foreigninvestment into Vietnam.
According to two economists of Maybank – Linda Liu and Chua Hak Bin, risingforeign direct investment and “buoyant domestic demand, as suggested by the recentrobust retail sales growth”, will keep the momentum going through the year-endand in early 2020.
Currently, many international financial institutions are issuing very positiveassessments about the prospects of Vietnam's economy in the coming time.
HSBC predicts that inflation in Vietnam will be kept below 2.7 percent, whileGDP growth is expected to ease to 6.7 percent in the whole year.
Edward Lee, chief economist for ASEAN and South Asia at Standard Chartered BankGlobal Research, said he believes that Vietnam will be the fastest growingeconomy in ASEAN this year with aprojected growth reaching 6.9 percent, and this is expected to continue until2021.
🌱 Accordingto the General Statistics Office, the country’s GDP in the first nine months ofthis year was estimated to increase by 6.98 percent – the highest in the sameperiods in the last nine years.-VNA
Vietnam will strive for a GDP growth of around 6.8 percent in 2020, according to Directive 16/CT-TTg on the building of socio-economic development plans and State budget estimates for 2020.
Although GDP growth in the first half of 2019 was only 6.76, well below the 7.08 percent growth rate in the same period last year, it was a good result compared to the figures from 2011-2017 period.
Prime Minister Nguyen Xuan Phuc has ordered that more drastic solutions to be taken to speed up the disbursement of public investment capital, which he described as an urgent task from now through 2020.
Vietnam’s GDP expanded 6.98 percent in the January-September period, the highest nine-month growth rate over the past nine years, said General Director of the General Statistics Office (GSO) Nguyen Bich Lam on September 28.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
(Illustrative photo: VNA) 
