Vietnam

Vietnam's economy in 2023 - "rock- steady" development

VCN - More than 2.5 years since the 13th National Party Congress, Vietnam has consolidated their determination to achieve important and comprehensive results in the journey of overcoming unprecedented challenges, focusing on preventing, fighting and contr
To achieve growth goals, businesses must "suffer" restructuring

To achieve growth goals, businesses must "suffer" restructuring

VCN - To achieve socio-economic goals in 2024, Prof.Dr. Hoang Van Cuong (photo), Hanoi National Assembly delegate, Vice Rector of the National Economics University, Member of the National Assembly's Finance and Budget Committee emphasized the work of rest
GDP growth continues to recover but is unlikely to reach the yearly target

GDP growth continues to recover but is unlikely to reach the yearly target

VCN - According to Ms. Nguyen Thi Huong, General Director of the General Statistics Office, although the economy continues its improving trend when GDP growth in the next quarter is higher than the previous quarter, starting to show signs of recovery, But to achieve the growth target of 6.5% for the whole year, growth in the fourth quarter needs to reach over 12%, it can be confirmed that GDP growth this year will not be as high as expected.
Great efforts needed to achieve growth target: experts

Great efforts needed to achieve growth target: experts

Experts have emphasised the need for Vietnam to exert great efforts in the last three months in order to reach the yearly growth target of 6%.
Vietnam’s nine-month GDP increases by 4.24%

Vietnam’s nine-month GDP increases by 4.24%

Vietnam’s gross domestic product (GDP) in the first nine months of this year rose by 4.24% from the same period last year, the General Statistics Office (GSO) announced on September 29.
Prioritize consumer demand stimulus to achieve GDP growth target of 6.5%

Prioritize consumer demand stimulus to achieve GDP growth target of 6.5%

VCN - Revenue from accommodation and food services in the first seven months of 2023 was estimated at 377.3 trillion VND, accounting for 10.7% of the total and increasing by 16.3% over the same period last year.
Three scenarios put forward for national economy in 2023

Three scenarios put forward for national economy in 2023

Vietnam’s gross domestic product (GDP) is expected to grow 5.34% this year under the first scenario set out by the Central Institute for Economic Management (CIEM).
Vietnam’s GDP to grow by 5% in Q2: Maybank

Vietnam’s GDP to grow by 5% in Q2: Maybank

Vietnam’s GDP growth is likely to expand by 5% in the second quarter, and 4% in 2023 before reaching 6% in 2024, Singapore-based Maybank Research Pte Ltd said in a report released on June 27.
Vietnam has challenges to overcome on the path to growth

Vietnam has challenges to overcome on the path to growth

In 2022, Vietnam's GDP growth revved up to 8.02%, the highest in 15 years, symbolising a strong recovery from the COVID-19 pandemic, while the Government forecasts that in 2023 the economy will continue to grow at an impressive 6.5%.
Vietnam’s GDP growth forecast to rank second in ASEAN

Vietnam’s GDP growth forecast to rank second in ASEAN

Vietnam’s GDP is projected to grow 5.8% this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF).
Vietnam posts 3.32% GDP growth in Q1

Vietnam posts 3.32% GDP growth in Q1

Vietnam’s gross domestic product (GDP) has grown about 3.32% year on year in the first quarter of 2023, according to the General Statistics Office (GSO).
CIEM sketches out Vietnam’s 2023 economic scenarios

CIEM sketches out Vietnam’s 2023 economic scenarios

The Central Institute for Economic Management (CIEM) under the Ministry of Planning and Investment has sketched out two scenarios for the Vietnamese economy in 2023.
AMRO revises Vietnam"s 2023 GDP upward despite regional slowdown

AMRO revises Vietnam"s 2023 GDP upward despite regional slowdown

Vietnam’s GDP growth in 2023 has been adjusted upward to 6.8% in the ASEAN+3 Macroeconomic Research Office (AMRO)’s January Update, up from 6.5% in its October report.
UOB maintains Vietnam’s GDP growth forecast at 6.6%

UOB maintains Vietnam’s GDP growth forecast at 6.6%

The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam's GDP growth in 2023 unchanged at 6.6% in line with the official forecast of 6.5%, although growth momentum is likely to be weaker.
Target of 6.5% economic growth for 2023 is a challenge: GSO leader

Target of 6.5% economic growth for 2023 is a challenge: GSO leader

The target of 6.5% economic growth set by the National Assembly for next year, lower than the growth of 8.02% recorded in 2022, will be a challenge, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong.
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