Dr Lucy Cameron, lead author of the report “Viet Nam’s Future Digital Economy Towards 2030 and 2045”, speaks at a meeting held on Wednesday in the city. — VNS Photo Bo Xuan Hiep Viet Nam should take advantage of the next wave of digital technologies such as blockchain, Artificial Intelligence, Internet of Things and cloud-based services to become Asia’s next high-performing economy and improve the living standards of its residents, experts urged at a meeting held on Wednesday in the city. Dr Lucy Cameron, lead author of the “Viet Nam’s Future Digital Economy Towards 2030 and 2045” report and Australian senior research consultant, said the country should carefully navigate a number of risks while undertaking digital transformation. “Viet Nam has been one of the world’s fastest-growing economies and has already become one of the most dynamic countries in the East Asia region,” she said. A boom in digital hardware and … [Read more...] about VN to become Asia’s next high-performing economy
High performing asian economies
Viet Nam to become Asia’s next high-performing economy
Dr Lucy Cameron, lead author of the report “Viet Nam’s Future Digital Economy Towards 2030 and 2045”, speaks at a meeting held on Wednesday in the city. — VNS Photo Bo Xuan Hiep Viet Nam should take advantage of the next wave of digital technologies such as blockchain, Artificial Intelligence, Internet of Things and cloud-based services to become Asia’s next high-performing economy and improve the living standards of its residents, experts urged at a meeting held on May 22 in the city. Dr Lucy Cameron, lead author of the “Viet Nam’s Future Digital Economy Towards 2030 and 2045” report and Australian senior research consultant, said the country should carefully navigate a number of risks while undertaking digital transformation. “Viet Nam has been one of the world’s fastest-growing economies and has already become one of the most dynamic countries in the East Asia region,” she said. A boom in digital hardware and … [Read more...] about Viet Nam to become Asia’s next high-performing economy
Vietnam to remain a fast growing Asian economy
By Dang Khoa  January 21, 2019 | 08:00 am GMT+7 A worker holds a metal frame at a phone assembly plant in Hanoi, Vietnam. Photo by Reuters/Kham With a 2019 GDP growth of 6.9 percent, Vietnam will remain one of the fastest growing economies in Asia. "We remain positive on Vietnam’s medium-term growth on strong manufacturing activity as FDI inflows to electronics manufacturing remain strong," says economist Chidu Narayanan of Standard Chartered Bank. According to a report recently issued by the bank, the country is forecast to reach GDP growth of 6.9 percent this year. The manufacturing sector has expanded by double digits for most of the past four years and this pace is likely to continue in 2019, says the report. The bank expects manufacturing growth to remain strong this year, though mildly lower than in 2018. Strong FDI inflows to manufacturing will likely support robust manufacturing output, it says. Standard Chartered economists also forecast FDI … [Read more...] about Vietnam to remain a fast growing Asian economy
Vietnamese to remain a fast growing Asian economy
By Dang Khoa  January 21, 2019 | 08:00 am GMT+7 A worker holds a metal frame at a phone assembly plant in Hanoi, Vietnam. Photo by Reuters/Kham With a 2019 GDP growth of 6.9 percent, Vietnam will remain one of the fastest growing economies in Asia. "We remain positive on Vietnam’s medium-term growth on strong manufacturing activity as FDI inflows to electronics manufacturing remain strong," says economist Chidu Narayanan of Standard Chartered Bank. According to a report recently issued by the bank, the manufacturing sector has expanded by double digits for most of the past four years and this pace is likely to continue in 2019. The bank expects manufacturing growth to remain strong this year, though mildly lower than in 2018. Strong FDI inflows to manufacturing will likely support robust manufacturing output, it says. Standard Chartered economists also forecast FDI disbursement to stay at $15 billion this year and FDI inflows to the … [Read more...] about Vietnamese to remain a fast growing Asian economy
Big year ahead for economy
Vietnam is promoting a new wave of investment in the country for the year ahead, Photo: Le Toan Ousmane Dione, the World Bank’s country director for Vietnam, was impressed by Vietnam’s achievements in 2018, especially the country reaching the growth rate of 7.08 per cent, which is the highest growth rate since 2008. “I am also impressed by the country’s continued macroeconomic stability. Such a big achievement is not easy to gain, especially in the context of the current complicated international situation, and Vietnam’s internal challenges,” Dione said. “If the challenges are addressed, Vietnam can reach a growth rate of 6.8 per cent or even more in 2019.” Last November the National Assembly set the target of 6.6-6.8 per cent for 2019. According to Minister of Planning and Investment Nguyen Chi Dung, both the World Bank and the Asian Development Bank (ADB) are applauding Vietnam’s impressive growth, coupled with improved growth … [Read more...] about Big year ahead for economy