By Hung Le  July 19, 2019 | 10:01 am GMT+7 A Vietnamese employee in the painting shop at an automotive plant in the northern province of Hai Duong. Photo by AFP/Hoang Dinh Nam. The Asian Development Bank maintains its Vietnam GDP growth forecast at 6.8 percent this year, and 6.7 percent in 2020, the highest in Southeast Asia. According to the ADB's Asian Development Outlook 2019 issued Tuesday, Vietnam’s growth in 2019 is being underpinned by sustained domestic demand, which saw growth of 7.3 percent in 2017 and 7.2 percent in 2018.The outlook for private consumption remains robust as households enjoy rising incomes and stable inflation, the report adds. Private investment is also likely to rise as Vietnam continues to improve its business environment and forges stronger ties with international partners through various trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) ratified last year, and … [Read more...] about Vietnam fastest-growing economy in Southeast Asia: ADB
Fastest growing economies
Vietnam among 10 fastest-growing economies
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
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 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