VietNamNet Bridge - Following a prosperous 2017, Vietnam’s economy has been growing well despite the uncertainties of the global economy. However, problems are still ahead, especially those rising from the China-US trade war. The World Bank says Vietnam's GDP may grow by 6.8 percent in 2018 The World Bank’s latest forecast says Vietnam’s GDP may grow by 6.8 percent in 2018, a very slight decrease from the 6.81 percent growth rate in 2017. Vietnam will still be among the top growing economies in Asia. In the first six months of the year, Vietnam attracted $16.2 billion worth of FDI, which is an important resource for it to maintain the high growth rate. Of the amount, $6.47 billion was from Japan, $5.1 billion from South Korea and $2.39 billion from Singapore. In the first six months of the year, Vietnam attracted $16.2 billion worth of FDI, which is an important resource for it to maintain the high growth rate. Of the amount, $6.47 billion was from … [Read more...] about Vietnam’s economy growing steadily, but bearing pressure
By Dang Khoa  July 19, 2018 | 02:36 pm GMT+7 A woman works at Xuan Hoa furniture factory in Xuan Hoa town, outside Hanoi, Vietnam April 5, 2018. Photo by Reuters/Kham GDP to grow by 7 percent this year and not 6.8 percent as forecast earlier. Standard Chartered Bank’s Global Focus report on the economy for the third quarter said manufacturing and construction will be the fastest growing sectors this year. FDI inflows will remain strong, with 50 percent coming into manufacturing, it said. Vietnam received an estimated $16.2 billion in FDI in the first half of this year, down 4.4 percent from the same period last year, according to the General Statistics Office (GSO). "We are positive on Vietnam’s growth medium-term on strong manufacturing activity as FDI inflows to manufacturing remain strong. We believe that Vietnam will remain one of the fastest growing economies in Asia in 2018,” Asia Economist for Standard Chartered … [Read more...] about Standard Chartered Bank says Vietnam economy to grow faster than expected
The Hanoitimes - As a trade war between the US and China is looming large, small and open economies such as Vietnam may be on the receiving end of both opportunities and challenges, according to a recent report released by the Vietnam Institute for Economic and Policy Research (VEPR). Vietnam's economy in the second quarter saw a positive growth rate of 6.79% year-on-year, the highest of a second quarter in 10 years, however, a number of factors potentially causing concern for the remaining months of the year have appeared, said VEPR Director Nguyen Duc Thanh. Panel of economists at the launch of the quarterly report. Source: Nguyen Tung. Positive picture in the first six months "Such high growth rate sets the pace for Vietnam to achieve the growth rate of 6.8% for 2018", Thanh said at the launch of VEPR's quarterly macroeconomic report on July 11. According to the report, the agriculture, forestry and fishery, and service sectors continued to grow sharply in the first … [Read more...] about Vietnam economy walks a tight rope in face of rising challenges
Participants at the workshop (Photo: VNA) Hanoi (VNA) – Vietnam’s economy had a good start in 2018 with a 7.38 percent GDP growth in first quarter, but experts warn of challenges and risks ahead in the remaining of the year as well as following years. At a recent workshop on prospects for the Vietnamese economy in 2018 and to 2020, Minister of Planning and Investment Nguyen Chi Dung said the country will benefit from the recovery of the world economy this year and there are many reasons to be optimistic about domestic economic growth from now to 2020. The advisory group to the Prime Minister on economic affairs said economic development in the recent past was driven by reform efforts with drastic measures, which improved the business and investment environment, along with flexible and coordinated macro-economic policies and the effect of new policies such as developing the private sector. The group devised three scenarios for Vietnam’s economic growth in … [Read more...] about Experts warn of challenges to Vietnam economy despite good prospects
VietNamNet Bridge - ADB (Asian Development Bank) has predicted a 6.8 percent GDP growth rate for Vietnam in 2018, a figure which is much higher than the average growth rate in the region. ADB has predicted a 6.8% GDP growth rate for Vietnam in 2018 The Vietnam economy depends heavily on the world economy which began entering a prosperous period after 10 years of difficulties. The FED’s plan to raise the prime interest rate four times in 2018 would slightly decrease by 0.0075 percentage points Vietnam’s GDP. Huong mentioned the possibility that the Vietnam stock market would be upgraded to an Emerging Market by the end of 2019 or early 2020. RELATED NEWS GDP grows sharply as economy relies on foreign-invested enterprises Vietnam cautious about economic growth for 2018 Mai Thanh … [Read more...] about How will the Vietnam economy be in 2018?