Despite headwinds in the global economy, experts believe that Vietnam’s fundamentals and opportunities remain attractive to foreign investors. Dr Vo Tri Thanh, Simon Deng Jiewen, and Dr Le Anh Tuan offered insights into global economic developments and their impact on Vietnam At yesterday’s Forecast Dinner 2019 hosted by CFA Community Vietnam, top experts have discussed their predictions for the year ahead. The general consensus is that the world’s markets are likely to remain soft in 2019 due to ongoing trade conflicts between the US and China, slow growth in Europe, and spillover effects in emerging markets. “The only certainty is uncertainty. From what I know, confidence in growth is not really good and expectations should be tapered down,” said Simon Deng Jiewen, investment director at Whitefield Capital Management (Singapore). The investor explained that after a period of strong expansion thanks to tax cuts and infrastructure spending, the … [Read more...] about Vietnamese economy to shine through turbulent year ahead
Vietnamese economy
Vietnamese economy continues to thrive: government meeting
He also praised the efforts of ministries, agencies and localities for making thorough preparations and ensuring absolute security for the DPRK-USA Summit in Hanoi, while emphasising that Vietnam should take advantage of the event in order to develop the country. Regarding the tasks in the next few months, the government leader asked ministries and sectors to continue to maintain stable macroeconomy and curb inflation towards rapid and sustainable economic development. He also asked the Ministry of Planning and Investment (MPI) to quickly re-evaluate the scale of the unofficial economy to adopt the appropriate policies. The Ministry was also directed to apply policy tools to respond to external disadvantages and increase the resilience of the economy. According to the PM, Vietnam has never had as many favourable conditions for development as today. Thus, the PM urged the MPI to work out plans to promote FDI attraction, particularly FDI from multinational and high-tech corporations. … [Read more...] about Vietnamese economy continues to thrive: government meeting
Positive changes in Vietnamese economy 2018
The bright colours of 2018 Minh Dieu Staps, an overseas Vietnamese from Germany who returned to Vietnam to attend a meeting with small and medium enterprises said: "I have never seen such a bustling business atmosphere, everyone is overflowing with entrepreneurial spirit and making money”. The number of more than 130,000 newly established enterprises proved this, she added. Statistics on socio-economic development along with the vibrant operations from the private sector and startups brought about bright colours and optimism to the picture of the Vietnamese economy in 2018. At the Government's year-end meeting, Prime Minister Nguyen Xuan Phuc announced that Vietnam accomplished all of the socio-economic targets set out for 2018, including several targets exceeding the National Assembly's set targets and targets outlined in the Government Resolution 01. He noted that the macroeconomy continued to be stable and inflation was controlled in the past year. The country's GDP growth … [Read more...] about Positive changes in Vietnamese economy 2018
Outlook of Vietnamese economy to be scrutinized this week
The health and short-term prospects of the Vietnamese economy will be high on the agenda of the Viet Nam Economic Forum 2019, scheduled to take place from January 16-17. Key indicators of Vietnamese economy in 2018. Graphics by VGP/HM The two-day event, organized for the third time, is expected to lure around 2,000 delegates, including Party and Government leaders, policy makers, economists to various seminars and dialogue sessions. PM Nguyen Xuan Phuc and Chairman of the Party Central Committee's Commission for Economic Affairs Nguyen Van Binh will co-chair the high-level policy dialogue with the involvement of representatives from the World Bank, the Asian Development Bank and the International Monetary Fund. John Kerry, former U.S. Secretary of State and visiting distinguished statesman at the Carnegie Endowment for International Peace will also join the high-level policy dialogue. Under the theme “Strengthening the fundamental drivers for rapid and sustainable … [Read more...] about Outlook of Vietnamese economy to be scrutinized this week
Vietnamese economy projected to grow 7.1 percent in 2018: ADB report
Vietnam’s economic growth is forecast to accelerate to 7.1% this year, before softening to 6.8% in 2019, the Asian Development Bank (ADB) said in a report released on April 11. Vietnam's economy continues to be driven by the manufacturing sector ADB Country Director for Vietnam Eric Sidgwick said that thanks to able macroeconomic management, Vietnam’s economic growth will see a spurt in 2018, and become one of the strongest performers in the Asia-Pacific region. He said that Vietnam’s robust growth will be driven by strong manufacturing and export growth, rising domestic consumption, strong investment, and an improving agricultural sector. The economy expanded by 6.8% last year and 7.38% in the first three months of 2018, its best first-quarter performance in a decade, according to official data. With such strong growth projections, Vietnam’s inflation is expected to reach 3.7% this year and 4% in 2019 as a result of rising domestic demand and global … [Read more...] about Vietnamese economy projected to grow 7.1 percent in 2018: ADB report