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Projected GDPs for ASEAN+3 countries. Vietnam is forecast to be the second fastest-growing economy in the region this year. (Photo amro-asia.org) Hanoi (VNS/VNA) – Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN + 3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3% this year and 6.5% next year, well above the region-wide figures which were estimated at 4.3% and 4.9% respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5% and 7.0% in the April update. “Vietnam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates in these countries and … [Read more...] about Vietnamese economy to perform well: AMRO

Vietnam had to bid early farewell to the 2018 AFC U-19 Championship after only two games as they lost 1-2 to Australia during the second group-stage game in Indonesia on Monday afternoon. Considered the underdogs, the Vietnamese let their rivals, who have better physique and technical skills, easily control the match right from the start. In the 36th minute, Angus Thurgate received the ball from a free kick and, thanks to the negligence of the Vietnamese defense wall, managed to comfortably nutmeg goalie Y Eli Nie, opening the scoring for Australia. After conceding the first goal, Vietnam tried to intensify their attacks but failed to cause much difficulty for the Australian defense as their ball phases were slow and thus lacked the surprise element from both wings. With these weaknesses, it is not surprising that Vietnam conceded another goal in the 76th minute after a counterattack from Australia. The second goal for the young Socceroos was scored by striker Ben Folami … [Read more...] about Vietnam eliminated from 2018 AFC U-19 Championship after Australia defeat

Projected GDPs for ASEAN+3 countries. Viet Nam is forecast to be the second fastest-growing economy in the region this year. — Photo amro-asia.org Viet Nam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3 per cent this year and 6.5 per cent next year, well above the region-wide figures which were estimated at 4.3 per cent and 4.9 per cent respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5 per cent and 7.0 per cent in the April update. “Viet Nam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates … [Read more...] about Viet Nam to do well economically this year and the next: AMRO