GDP growth forecast (Source: /vietnamnews.vn) HCM City (VNS/VNA) - While growth is set to ease in 2019, Vietnam will still be among the top 10 fastest-growing economies globally, according to the “Economic Insight: South-East Asia” report recently released by the Institute of Chartered Accountants in England and Wales (ICAEW). In the report, ICAEW predicts that economic growth across Southeast Asia (SEA) is expected to slow down in 2019 to 5 percent, after an estimated 5.3 percent in 2018. It attributed the slowdown to US-China tensions. “The resulting slowdown in Chinese demand will weigh significantly on SEA growth, especially for export-dependent economies with a high level of exports to China, like Singapore and Malaysia,” the report said. Economic growth continued to moderate across most SEA economies in the third quarter of 2018, with the average GDP growth slowing to 4.8 percent year-on-year, from 5.2 percent in second quarter of 2018, it said. … [Read more...] about Vietnam among 10 fastest-growing economies
Fastest growing economies
VN among 10 fastest-growing economies
While growth is set to ease in 2019, Viet Nam will still be among the top 10 fastest-growing economies globally, according to the “Economic Insight: South-East Asia” report recently released by the Institute of Chartered Accountants in England and Wales (ICAEW). In the report, ICAEW predicts that economic growth across Southeast Asia (SEA) is expected to slow down in 2019 to 5 per cent, after an estimated 5.3 per cent in 2018. It attributed the slowdown to US-China tensions. “The resulting slowdown in Chinese demand will weigh significantly on SEA growth, especially for export-dependent economies with a high level of exports to China, like Singapore and Malaysia,” the report said. Economic growth continued to moderate across most SEA economies in the third quarter of 2018, with the average GDP growth slowing to 4.8 per cent year-on-year, from 5.2 per cent in second quarter of 2018, it said. Viet Nam was the exception, with GDP growth accelerating 6.9 per cent on … [Read more...] about VN among 10 fastest-growing economies
Vietnam expected to remain fastest-growing ASEAN economy in 2018: StanChart
The Hanoitimes - Standard Chartered economists raise their USD/VND forecasts to 23,400 by end-2018 and expect a small VND depreciation in early 2019, before ending 2019 mildly stronger against the USD. Vietnam’s robust GDP growth is expected to continue, reaching of 7.0% in 2018, the fastest pace among Southeast Asian nations, Standard Chartered has said in its latest report entitled “Vietnam – Fast, not furious, growth”. The growth will be driven by strong FDI-supported electronics manufacturing and rising consumption. Manufacturing and agriculture are likely to remain the primary growth drivers in H2, the bank said. “Vietnam expanded 7.1% in H1, moderating mildly in Q2 after a record 7.4% growth y/y in Q1, in line with our forecast. This is the first year since the global financial crisis that Q2 growth has been slower than Q1; we believe this is a sign of a focus on sustainable growth over the medium term. We expect H2 growth to remain robust, … [Read more...] about Vietnam expected to remain fastest-growing ASEAN economy in 2018: StanChart
Vietnam to feature among 5 fastest growing economies by 2030: HSBC
The Hanoitimes - By 2030, Vietnam`s GDP is expected to reach around US$500 billion from over US$200 billion in 2018. Vietnam, along with Bangladesh, the Philippines, Malaysia and Pakistan, are predicted to be the five fastest-growing economies out of 75 developed, emerging and frontier economies included in HSBC's projection by 2030. Illustrative photo. Under HSBC's latest report, Vietnam is likely to be the fourth biggest mover in the global GDP ranking (47th to 39th), ahead of Malaysia in the top five in subject. So that by 2030, the contribution to global growth from emerging Asia excluding China will be converging on that of the whole of the group of countries currently classified as developed by MSCI. By 2030, Vietnam's GDP is expected to reach around US$500 billion from over US$200 billion in 2018 and GDP per capita of US$2,015, while trade continues to remain a vital part of the economy, accounting for 184.7% of GDP. Meanwhile, Vietnam is also included in … [Read more...] about Vietnam to feature among 5 fastest growing economies by 2030: HSBC
Vietnam among world top 10 fastest-growing ultra high net worth countries
The Hanoitimes - The global ultra wealthy population, comprising people each with a net worth above $30 million, expanded by 12.9% year-on-year in 2017 to 255,810 individuals Vietnam has registered annual growth rate of 12.7% in its ultra-high net worth (UHNW) population since 2012, standing firmly among the world's top 10 fastest-growing UHNW countries, stated data firm Wealth-X. On the list, Vietnam is only behind Bangladesh and China, which posted growth rate of 17.3% and 13.4%, respectively, stated the latest report. According to the report, economies such as Vietnam, Bangladesh and India are expanding at a faster pace and experiencing rapid urbanization, infrastructure investment and manufacturing growth. Overall, the state of the world's ultra-wealthy population, or those with US$30 million or more in net worth, rose by 12.9% year-on-year in 2017 to 255,810 individuals. This was a sharp acceleration from growth of 3.5% in 2016, reflecting significantly more … [Read more...] about Vietnam among world top 10 fastest-growing ultra high net worth countries