Forecasting gdp growth

The industries that will be restructured include finance, banking, logistics and transportation, information technology and communications, science and technology, education and training, healthcare, and tourism. The project aims to strengthen the export of services, reduce the deficit of the balance of the import-export of services, gain a surplus in the balance of the import-export of services, and serve the process of industrialization and modernization of the country. The growth rate of the service sector is set to reach 6.6-7.1 percent during the period from 2016 to 2020, and around 7-7.5 percent during the period from 2021 to 2025, according to the project. The proportion of the service sector in the gross domestic product (GDP) will be at around 43-44 percent by 2025. As for the finance and banking sector, by 2025, at least two to three commercial banks will be among the top 100 largest banks in Asia in terms of the total asset. By 2025, information technology will become the … [Read more...] about Proportion of service sector in GDP to be at about 44 percent by 2025

- Quan Trong Thanh: For the long term, both VJC and HVN will be good as the demand for air travel will pick up again. But the profit margin will get narrower as the market will see new entrants in the coming time. Even before the coronavirus erupted in Wuhan (the epicenter of the Covid-19 outbreak), we did observe a slowdown of earnings expansion or even a retreat of transportation business of the fastest growing airline VJC. HVN's earnings were uneven. Share prices would recover after the coronavirus is put under control. Right now, we see little or no sign of share prices edging up in the medium term. The coronavirus will leave the biggest impact on the tourism-related sectors. … [Read more...] about Despite epidemic, Vietnam stock market remains resilient

Thus, Fitch Solutions, a macro-research entity of Fitch Group noted the new law revised down its forecasts for the Vietnamese alcohol market. Fitch analysts predicted that the beer segment will be the hardest hit, given the dominance of beer in Vietnam’s alcohol sector while beer normally makes up 98.4 percent of the alcohol market in Vietnam. … [Read more...] about New rules put brakes on alcohol sector

Bangkok (VNA) – The acute respiratory disease caused by a novel coronavirus (COVID-19) may subside in the second half of 2020 or earlier, Thailand’s Minister of Tourism and Sports Pipat Ratchakitprakan said on February 23, expecting that the country’s tourism would recover after its Songkran New Year festival. Speaking at an event in Phatthalung province, Pipat stated that the disease has had serious impact on Thailand. "Although the virus has caused damage to the tourism industry in the first half of the year, I am confident the situation will return to normal in the second half or after the Songkran Festival, when China will likely produce a vaccine against it," he added. According to him, when the summer comes, coronavirus will not be able to withstand the heat and the situation in many countries, including Thailand, will improve. He shared that the government is preparing to introduce financial measures to help disease-affected businesses. Thailand served … [Read more...] about Thailand expects tourism to recover after new year festival

“Many agricultural SMEs in Viet Nam face financial issues due to challenges in getting loans from banks such as insufficient collateral, strict corporate customer screening criteria and lack of financial literacy. Through working with Validus Vietnam, SMEs can obtain financing in time to improve their productivity to grow and expand their businesses,” he said … [Read more...] about Validus Vietnam ties up with Nafoods