The Hanoitimes - Fueled by the uncertainty from economic growth in the first three months of 2019 and a worsening economic outlook, pressure is high for Vietnam to outperform in the remaining quarters. Vietnam’s GDP growth target of 6.8% in 2019 feasible despite Q1 slowdown Vietnam's GDP growth slows down to 6.79% in Q1 Vietnam’s economy forecast to grow at 6.8% in 2019 amid weakening global outlook: ADB Vietnam’s GDP growth projected to reach 6.7% in 2019: ICAEW Private consumption expected to be driving factor for Vietnam’s GDP growth in 2019: HSBC That Vietnam’s GDP growth ended the first quarter at 6.79%, lower than the 7.45% year-on-year and the government forecast of 6.93%, signals a sticky patch for Vietnam in the remaining months to reach the target of 6.8 – 7% in 2019, according to the Central Institute for Economic Management (CIEM). Overview of the conference. Source: Nguyen Tung “Fueled by the … [Read more...] about Lower-than-expected Q1 GDP growth signals bumpy road ahead: CIEM
Forecasting gdp growth
Positive forecasts for Vietnam’s GDP growth
The Hanoitimes - Vietnam’s economy is projected to continuously maintain good performance next year with GDP to expand roughly 6.8 percent despite both internal and external challenges. The Ministry of Planning and Investment (MPI) has recently forecast GDP to rise by 6.6-6.8 percent in 2019 after the country’s economic growth reportedly hit eight-year high of 6.98 percent in the first nine months of this year, helping it ease to meet the 6.7 percent target set for 2018 by the National Assembly. Macroeconomic stability will create impetus for Vietnam’s economy next years Tran Quoc Phuong, head of MPI’s National Economic Issues Department, forecast that Vietnam’s economic growth prospects in the next two years will continue positive thanks to the country’s stable macroeconomy and confidence improvement of both foreign and local firms on the country’s business and investment environment. Echoing Phuong, Nguyen Bich Lam, head of the … [Read more...] about Positive forecasts for Vietnam’s GDP growth
IMF projects Viet Nam’s GDP growth by 6.6pc
In a recent report, the International Monetary Fund (IMF) projected Viet Nam’s economy to grow by 6.6 per cent this year and by 6.5 per cent in 2019. Containers at the Tan Vu terminal of Hai Phong port. - Photo VNA Titled “World Economic Outlook, April 2018”, the report predicts that the GDP (gross domestic product) growth of emerging Southeast Asian economies, such as Indonesia, Malaysia, the Philippines, Thailand and Viet Nam, will remain above 5 per cent in 2018 and 2019. Last year, despite many difficulties, Viet Nam’s GDP expanded by 6.81 per cent, higher than the target set by the National Assembly and the highest in the last decade. The quality of the country’s economic growth has also improved, with the overall labour productivity gaining some 6 per cent in 2017. Viet Nam also saw progress in pursuing a new growth model based on productivity and innovation. The country has gradually reduced its reliance on natural resources, particularly … [Read more...] about IMF projects Viet Nam’s GDP growth by 6.6pc
IMF projects Việt Nam’s GDP growth by 6.6%
In a recent report, the International Monetary Fund (IMF) projected Viet Nam’s economy to grow by 6.6 per cent this year and by 6.5 per cent in 2019. Titled “World Economic Outlook, April 2018”, the report predicts that the GDP (gross domestic product) growth of emerging Southeast Asian economies, such as Indonesia, Malaysia, the Philippines, Thailand and Viet Nam, will remain above 5 per cent in 2018 and 2019. Last year, despite many difficulties, Viet Nam’s GDP expanded by 6.81 per cent, higher than the target set by the National Assembly and the highest in the last decade. The quality of the country’s economic growth has also improved, with the overall labour productivity gaining some 6 per cent in 2017. Viet Nam also saw progress in pursuing a new growth model based on productivity and innovation. The country has gradually reduced its reliance on natural resources, particularly crude oil, and shifted its focus to industry, manufacturing, processing and … [Read more...] about IMF projects Việt Nam’s GDP growth by 6.6%
Aim for GDP growth of 6.7%: Government
People shop at a night market in Hang Dao Street, Hoan Kiem District in Ha Noi. Viet Nam gained decade-high GDP growth of 7.38 per cent in the first quarter of this year. — VNA/VNS Photo Vu Sinh The decade-high GDP growth of 7.38 per cent achieved in the first quarter may not be easy to replicate for the rest of the year. The government, however, will strive towards a year-on-year growth rate of 6.7 per cent. Prime Minister Nguyen Xuan Phuc said this during the monthly government meeting on Monday in Ha Noi. He asked the Cabinet to “contribute constructively” to the 2018 economic growth scenario to achieve this target, which is higher than the 6.5 per cent growth rate set by the National Assembly last year. The morning session was also amongst the rare ones, with socio-economic affairs, especially the development of growth scenarios, were discussed first instead of the usual law issues. In his opening speech, Phuc also lauded the growth of several sectors in the … [Read more...] about Aim for GDP growth of 6.7%: Government