Icaew

Viet Nam has high regional growth prospects, predicted at more than 6.5 per cent in 2022. — Infographic by Oxford Economics The economic recovery across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region. Viet Nam is predicted with a high growth prospect in the region, at more than 6.5 per cent in 2022, 0.7 per cent higher than the average growth of 5.8 per cent for the whole region. This was a key finding from the Economic Forecast presented by the experts at the Institute of Chartered Accountants in England and Wales (ICAEW) Economic Insight Forum Q2. Viet Nam was able to bounce back relatively quickly in 2021 compared to the rest of the region. With the easing of restrictions from last year’s Q4 that carried over to this year’s Q1, there has been a significant recovery in its services sector driven by domestic tourism. With the current endemic phase, there should be a boost on the international tourism … [Read more...] about Viet Nam’s growth to rise by 6.5 per cent in 2022: ICAEW

Việt Nam has high regional growth prospects, predicted at more than 6.5 per cent in 2022. — Infographic by Oxford Economics HÀ NỘI — The economic recovery across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region. Việt Nam is predicted with a high growth prospect in the region, at more than 6.5 per cent in 2022, 0.7 per cent higher than the average growth of 5.8 per cent for the whole region. This was a key finding from the Economic Forecast presented by the experts at the Institute of Chartered Accountants in England and Wales (ICAEW) Economic Insight Forum Q2. Việt Nam was able to bounce back relatively quickly in 2021 compared to the rest of the region. With the easing of restrictions from last year’s Q4 that carried over to this year’s Q1, there has been a significant recovery in its services sector driven by domestic tourism. With the current endemic phase, there should be a boost on the international … [Read more...] about Việt Nam’s growth to rise by 6.5 per cent in 2022: ICAEW

Vietnam has high regional growth prospects, predicted at more than 6.5% in 2022. (Infographic by Oxford Economics) Hanoi (VNS/VNA) - The economic recovery across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region. Vietnam is predicted with a high growth prospect in the region, at more than 6.5% in 2022, 0.7% higher than the average growth of 5.8% for the whole region. This was a key finding from the Economic Forecast presented by the experts at the Institute of Chartered Accountants in England and Wales (ICAEW) Economic Insight Forum Q2. Vietnam was able to bounce back relatively quickly in 2021 compared to the rest of the region. With the easing of restrictions from last year’s Q4 that carried over to this year’s Q1, there has been a significant recovery in its services sector driven by domestic tourism. With the current endemic phase, there should be a boost on the international tourism front as … [Read more...] about Vietnam’s growth to rise by 6.5% in 2022: ICAEW

According to ICAEW, Vietnam was able to bounce back quite quickly in 2021 as compared to the rest of the region. With the easing of restrictions from last year’s fourth quarter that carried over to this year’s first quarter, there has been a significant recovery in its services sector driven by domestic tourism. Additionally, there should be a boost on the international tourism front as travellers return to Vietnam. Realised foreign direct investments inflow into Vietnam this year should provide support for construction and labour and also improve export capacity, which still remains healthy. It was noted that Vietnam was not particularly affected by the Delta variant wave, and hence did not experience large lockdowns that impacted its economy as much as Malaysia and the Philippines did. The economic recovery path chartered across Southeast Asia has been uneven and must now contend with rising external headwinds from outside the region. Despite that, an average … [Read more...] about Vietnam’s GDP growth forecasted to hit 6.5 per cent in 2022

Even though recovery across the South-East Asian region has been uneven with the Delta variant, most countries’ GDP including Singapore, Indonesia, Malaysia, the Philippines and Vietnam have risen back up to pre-pandemic levels – with the exception of Thailand, which is still at 2 percent below pre-pandemic levels as its tourism industry struggled with travel and mobility restrictions. It was noted that Vietnam was not particularly affected by the Delta variant wave, and hence did not experience large lockdowns that impacted its economy as much as Malaysia and the Philippines did. Singapore, on the other hand, was able to take advantage of the increase in demand for consumer electronics globally to increase its GDP growth by 7.6 percent last year. Across the region, there is a marked lag in the recovery of the services sector in terms of accommodation, food and retail, but that is expected to increase with the reopening of borders and easing of travel restrictions. However, China’s … [Read more...] about Vietnam’s economy to grow more than 6.5 percent in 2022