The growth rate surpasses the country’s target of 6.8 percent, and prior forecasts of the Asian Development Bank (ADB) at 6.9 percent and the World Bank at 6.8 percent. It is higher than the average 5.2 percent growth for Asia as a whole that ADB has forecast earlier. … [Read more...] about Vietnam to surpass 2019 target, top 7 pct GDP growth
Gdp
Vietnam’s fiscal deficit forecast to be at 6.6% of GDP in 2019
“We expect falling Vietnamese government bond yields in line with the decline in global bond yields to ease growth in interest payments on new issuances going forward. However, we expect this to be more than offset by increased government borrowing to fund key public infrastructure projects to ease the congestion in major cities and ports exacerbated by the influx of companies relocating their operations to Viet Nam as a result of the ongoing US-China trade war,” the analysts said. … [Read more...] about Vietnam’s fiscal deficit forecast to be at 6.6% of GDP in 2019
Vietnam’s GDP back on 7% track with manufacturing and services
Fitch Solutions Macro Research shared this view, pointing out that the acceleration in Vietnam was underpinned by the ongoing influx of companies from China amid the U.S.-China trade war, given that the manufacturing sector’s growth continued to outperform other sectors. … [Read more...] about Vietnam’s GDP back on 7% track with manufacturing and services
A closer look at Vietnam’s GDP
It is likely that the new GDP computation will take into account the informal or underground economy. If this is the case, the results it produces should only be considered as an extra reference source, because officially, the principle of GDP calculation established by the System of National Accounts (SNA) in accordance with United Nations standards cannot be changed at will, and it is far from simple for such data to garner the recognition from international organizations like the International Monetary Fund (IMF) and the World Bank (WB). … [Read more...] about A closer look at Vietnam’s GDP
Vietnam’s GDP climbs 6.76 per cent in six months
The adjustment of electricity prices and the greater demand during Tet – the longest and most important annual holiday in Viet Nam – and the second quarter which marked the run of the hot weather led to a year-on-year rise of 5.84 per cent in electricity prices. … [Read more...] about Vietnam’s GDP climbs 6.76 per cent in six months
